| Product Code: ETC5111738 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to heavily rely on card imports from top countries such as Portugal, China, USA, Germany, and Spain. The High Herfindahl-Hirschman Index (HHI) indicated a concentrated market, while the negative Compound Annual Growth Rate (CAGR) from 2020 to 2024 suggests a decline in overall import volumes. However, the impressive growth rate of 89.3% from 2023 to 2024 signals a potential resurgence in demand for card imports in Cape Verde, highlighting opportunities for market players to capitalize on this upward trend.

The Cards market in Cabo Verde is projected to grow at a high growth rate of 12.46% by 2027, highlighting the country's increasing focus on advanced technologies within the Africa region, where Egypt holds the dominant position, followed closely by South Africa, Ethiopia, Algeria and Nigeria, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Cards Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Cards Market - Industry Life Cycle |
3.4 Cape Verde Cards Market - Porter's Five Forces |
3.5 Cape Verde Cards Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Cards Market Revenues & Volume Share, By Usage, 2021 & 2031F |
3.7 Cape Verde Cards Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Cape Verde Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payment methods in Cape Verde. |
4.2.2 Growth in tourism industry leading to higher demand for prepaid cards. |
4.2.3 Government initiatives to promote cashless transactions in the country. |
4.3 Market Restraints |
4.3.1 Limited awareness and understanding of prepaid cards among the population. |
4.3.2 High dependence on cash transactions in certain sectors of the economy. |
4.3.3 Regulatory challenges impacting the issuance and usage of prepaid cards. |
5 Cape Verde Cards Market Trends |
6 Cape Verde Cards Market Segmentations |
6.1 Cape Verde Cards Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Cards Market Revenues & Volume, By General Purpose, 2021-2031F |
6.1.3 Cape Verde Cards Market Revenues & Volume, By Private Label, 2021-2031F |
6.2 Cape Verde Cards Market, By Usage |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Cards Market Revenues & Volume, By General Purpose Re-Loadable Card, 2021-2031F |
6.2.3 Cape Verde Cards Market Revenues & Volume, By Government Benefit/Disbursement Card, 2021-2031F |
6.2.4 Cape Verde Cards Market Revenues & Volume, By Payroll Card, 2021-2031F |
6.2.5 Cape Verde Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Cards Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Cards Market Revenues & Volume, By Retail Establishments, 2021-2031F |
6.3.3 Cape Verde Cards Market Revenues & Volume, By Corporate Institutions, 2021-2031F |
6.3.4 Cape Verde Cards Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Cape Verde Cards Market Revenues & Volume, By Financial Institutions, 2021-2031F |
6.3.6 Cape Verde Cards Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Cards Market Import-Export Trade Statistics |
7.1 Cape Verde Cards Market Export to Major Countries |
7.2 Cape Verde Cards Market Imports from Major Countries |
8 Cape Verde Cards Market Key Performance Indicators |
8.1 Number of new digital payment solutions introduced in Cape Verde. |
8.2 Percentage of prepaid card transactions compared to total transactions in the country. |
8.3 Average value of transactions made using prepaid cards. |
8.4 Rate of growth in the number of merchants accepting prepaid cards. |
8.5 Customer satisfaction levels with prepaid card services in Cape Verde. |
9 Cape Verde Cards Market - Opportunity Assessment |
9.1 Cape Verde Cards Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Cards Market Opportunity Assessment, By Usage, 2021 & 2031F |
9.3 Cape Verde Cards Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Cape Verde Cards Market - Competitive Landscape |
10.1 Cape Verde Cards Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |