Tightening of regulations and a likely upcoming recession will increase investor caution and turn consumers to traditional banks and building societies, according to GlobalData, a...
COVID-19 has fast-tracked the transition to digital payments across the Asia-Pacific (APAC) region as consumers opt for the comfort and safety of digital channels rather...
Spain’s reliance on its tourism sector has seen its economy and payments industry suffer during the pandemic, but bars and restaurants reopening will provide a...
The gradual resumption of domestic travel and the gradual lifting of lockdown in Australia will give a much needed boost to Australia’s essential tourism sector...
Robo-advice is increasing among all age groups, according to a survey by GlobalData*. In the US, the number of baby boomers using a robo-advisor rose...
COVID-19 has hampered the growth in Germany’s payments industry, but it will start to benefit from the gradual lifting of lockdown measures, says GlobalData, a...
Following Prime Minister Boris Johnson’s radical changes to the planning system as part of his plans to guide the UK out of the COVID-19 pandemic; Katherine...
GlobalData, a leading data and analytics company, analyzed the year-on-year (YoY) change and 5-year compound annual growth rate (CAGR) in revenue (interest income + non-interest...
The majority of consumers around the world are purchasing only as much as they intend to consume in the near future, according to GlobalData’s Consumer...
Millennials, and to a lesser extent Gen Xers, have been rushing into financial markets to capitalize on the steep increase in volatility as they adjust...
With the COVID-19 unlikely to cease in the near future and the lockdown still continuing, the consumers in Italy are opting to shift away from...
Electronic payments, in particular card payments, have been on a sustained growth curve for the last few years in South Korea, which is among the...
Severe economic disruption caused by COVID-19 will see a short-term hit for the UK mortgage market, but payments holidays should keep it afloat and see...
Australia is among the few countries globally that has been successful in combating the COVID-19 outbreak so far. With the government now easing lockdown restrictions,...
The Swiss retail savings and investments market will see a slight downturn in 2020, with retail equity and mutual fund holdings taking the brunt of...
Brazilians are seeking the shelter of retail deposits, as its already weak economy has been shaken by the COVID-19 crisis, according to GlobalData. The pandemic...
Consumers across the globe are embracing digital payments more than ever during the COVID-19 pandemic. Against this backdrop, payment industry in the Asia-Pacific (APAC) region...
Consumer loans, credit card loans and mortgage lending are expected to plummet in 2020 as consumers shy away from taking on debt, according to GlobalData,...
AXA having operations across most business lines will lead the company to mixed results following COVD-19. The firm has lower levels of exposure in travel...
Low consumer confidence in Belgium will see retail deposits account for a higher proportion of total savings and investments, as recession looms, says GlobalData, a...
Sweden’s retail investment mix is well diversified compared to other markets, meaning high allocations in equities and mutual funds will lead to significant contractions in...
The pandemic will disrupt mortgage and consumer lending in the short-term but these will ultimately recover by 2023, says GlobalData, a leading data and analytics...
The US’s strong reliance on the riskier investments of equities and mutual funds will lead to a sharp decline in 2020 as the economy falls...
Total payments industry deals for April 2020 worth $2.26bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 112.2% over the...
Card payments in New Zealand will continue to rise at the expense of cash amid COVID-19 outbreak, though at a slower pace, says GlobalData, a leading data...
Travel insurers will face severe disruption as holiday cancellations will continue well beyond the end of national lockdowns. GlobalData's 2019 UK Insurance Consumer Survey found that...
Singapore, one of the fastest growing e-commerce markets in South East Asia, has experienced a surge in e-commerce transactions post the outbreak of COVID-19 pandemic. The rise in...
Ireland’s total retail savings and investments market is set to shrink by 5.3% in 2020 against the previous forecast of 4.3% growth due to the impact of...
The Swedish Governments’ comprehensive financial packages should ensure its banking sector is relatively insulated from the level of damage felt in other countries, says GlobalData. GlobalData’s...
The severe impact of the virus in Belgium has led to a large-scale unemployment, which will result in declining consumer disposable income and expenditure, says...
The already popular contactless payments will see a sharp surge in usage in Sweden, though the overall decline in consumer spend will see payment companies...
Huge losses to Brazil’s tourism sector and rising unemployment caused by COVID-19 will fundamentally change the payments landscape, says GlobalData, a leading data and analytics company. Brazil will...
The Netherlands declining cash usage is set to accelerate as COVID-19 will have a profound effect on consumer spending, according to GlobalData, a leading data...
Brazilian banks are dependent on whether the government can preserve businesses, as the country’s already weak economy has been hit hard by COVID-19, says GlobalData,...
The Royal Bank of Scotland (RBS’s) digital challenger bank, Bo, has closed down after just five months. Incumbent banks aren’t predetermined to fail in building a challenger to take on...
Amidst these COVID-19 times, banks should use the current lockdown to reflect on their strategies by refocusing on sustainability including Environmental, Social, and Governance (ESG), says GlobalData, a...
Italian investors’ preference for safe-haven products will provide a slight cushion to the upcoming 2020 crash. The Italian economy has been shrinking for several years, having a negative...
Despite the COVID-19 outbreak, the Spanish retail savings and investment market in 2020 is expected to witness growth as per the revised forecasts. However, this growth is...
The Malaysian consumer lending market is expected to register slowdown in 2020 amidst the coronavirus (COVID-19) outbreak, as per the latest revised post-COVID-19 data published by GlobalData, a...
The South Korean economy as a whole and specifically payments are seeing their organic move to a more digital space pushed up a notch due...
As shoppers and consumers across Hong Kong continue to adjust to social distancing measures due to health concerns amid coronavirus (COVID-19) outbreak, cash payments are set to...
The growth of Indian e-commerce market has been revised up, considering the positive push due to coronavirus (Covid-19) outbreak, according to estimates by GlobalData, a leading data...
Ireland’s payments sector is feeling the impact of COVID-19 as cash payments have declined by 57% in the month to the first week of April 2020. According...
The quarterly profits of the Australian banks will be significantly down and an enduring squeeze on smaller players could result in the long-term consolidation of...
The UK banks are set for a tough period as few consumers are willing to take the risk of availing loans despite the banks having an abundance...
A rise in delinquency rates from out of work consumers, less demand for house buying and tighter mortgage restrictions will lead to the US market...
Barclays is the top financial adviser for mergers and acquisitions (M&A) deals in the power sector by deal value in Q1 2020, having advised on...
Italian banks are set to see a rise in delinquency rates from out-of-work consumers and falls in mortgage balances, as the COVID-19 pandemic is having...
Substantial deposit holdings will shield Germany’s retail savings and investment market from contraction, as GlobalData’s post-COVID-19 forecasts shows slight growth in 2020. GlobalData’s forecasts for the...
Retail investors in the UK will gravitate towards deposits and away from riskier high-yielding assets, according to leading analytics company, GlobalData. GlobalData’s report, ‘COVID-19 Sector Impact: Retail Savings &...
Risky assets are set to suffer the most in France as total retail and savings investment is forecast to see negative growth in 2020 for...
The European region witnessed consistent decline in mergers and acquisition (M&A) deal volume during Q1 2020, decreasing from 710 in January, to 699 in February,...
A total of 1,004 deals were announced globally during the week ended April, 26, 2020, which is an increase of 12.6% over 892 deals announced...
A reluctance to take on credit and buy houses, especially for first-time buyers, will negatively impact the New Zealand mortgage market in the short-term, according to GlobalData, a...
COVID-19 will have a major impact on the savings and investments market in Italy, hurting retail equity and mutual fundings, while safer retail deposits will...
Spain’s tourism sector makes up approximately 12% of its GDP and 13% of its employment*, and a steep decline in this market will heavily impact...
The Chinese consumer lending market, which recorded 16.3% growth in 2019, is expected to slow down to 6.2% to reach CNY46.7 trillion (US$6.7 trillion) in 2020, as...
Fears surrounding the impact of coronavirus (Covid-19) have already significantly impacted the global economy. A similar trend is expected in New Zealand’s tourism industry, which is the country’s...
China’s retail savings and investments market is set for the worst year since 2008 financial crash due to the domestic disruption and impact on trade partners as...
Skadden Arps Slate Meagher & Flom has dominated the mergers and acquisitions (M&A) legal advisers league table based on deal value in Q1 2020, based...
In Q1 2020, the financial services sector saw an overall rise of 4.62% in deal value from US$131.25bn in Q1 2019 to US$137.3bn in Q1...
Banks’ profitability is set to be hit as fee income will fall because of decreased consumer spending, net interest margins will remain low, short-term costs...
The total transaction value in Australia has been revised down to a compound annual growth rate (CAGR) of 2.4% between 2019-23 as consumer spending is forecast to...
The level of COVID-19 lockdown and number of cases pushes Spain and Italy towards the top of GlobalData’s COVID-19 Banking Severity Impact Index. Economic factors,...
Amid the COVID-19 outbreak across multiple geographies, most of the top publicly trading banks by market capitalization (MCap) reported a quarter-on-quarter (QoQ) decline in their...
Goldman Sachs has dominated the M&A financial advisers league table based on deal value in the first quarter of 2020, according to GlobalData, a leading...
Cash payments in New Zealand are set to witness decline over the next four years due to the growing concerns arising from the coronavirus (Covid-19) pandemic, says...
The growth of Chinese e-commerce market has been revised up, considering the positive push due to coronavirus (Covid-19) outbreak, according to estimates by GlobalData, a leading data...
The share of cash in the overall payment transaction volume in Japan is set to decrease over the next five years, as users are increasingly considering currency...
The transition from cash to electronic payment will be accelerated by consumer behaviour learned from the COVID-19 pandemic, according to GlobalData, a leading data and analytics company. GlobalData’s Covid-19 Sector Impact: Payments webinar noted that online, cashless and mobile transactions would...
France’s payments industry will be hit by ongoing disruption to its essential tourism industry, though e-commerce is seeing increases, says GlobalData. GlobalData’s post-COVID-19 revised-forecasts predict cash transactions will change from steady growth to yearly declines...
More than half a trillion real-time payment transactions will be processed over the next five years, according to Prime Time for Real-Time, a new global...
The rapidly rising number of coronavirus (COVID-19) cases in the US has caused an economic slowdown in the country, which has resulted in the number and value of expected transactions...
The COVID-19 outbreak, which has resulted in travel restrictions and lockdowns in several countries, has negatively impacted businesses across almost all industries. The economic impact of COVID-19...
The financial devastation caused by the COVID-19 outbreak is forcing companies across sectors to slice dividends, says GlobalData, a leading data and analytics company. Reeling from...
The push for digital payments and the fear of coronavirus (Covid-19) spread through the handling of cash are driving the adoption of electronic payments in Singapore, says GlobalData,...
The total growth of UK payment transactions has been revised down due to the coronavirus (COVID-19), according to estimates by GlobalData, a leading data and...
China is the epicenter of the coronavirus (Covid-19) pandemic and its impact on the country’s payments industry is that cash transactions will see significant decline while card...
The medical effects of coronavirus (Covid-19) on Australia are still building, with caseloads rising and likely to continue doing so for some time. While still early days, indicators...
The total retail loans in India recorded a compound annual growth rate (CAGR) of 17.5% during 2014-18 to reach INR22.2 trillion (US$319.1bn) in...
Rising Internet and smartphone penetration coupled with a large young population will propel Vietnamese e-commerce market. It is project to grow at a compound annual...
Singapore is a mature payment card market with the average Singaporean holding more than three cards. Boosted by the government’s push towards a cashless society, growing consumer awareness...
India has traditionally been a cash-dominant society, a scenario that is changing gradually with a series of government measures to promote electronic payments. The country is making steady...
Following the news that the UK's cash system is at risk; Samuel Murrant, Senior Payments Analyst at GlobalData, a leading data and analytics company, offers his...
Following the news that the UK’s cash system is at risk; Vlad Totia, Payments Analyst at GlobalData, leading data and analytics company, offers his view: "The UK, and specifically London, has...
The Chinese Government is gradually opening up its card payments market for international operators with Mastercard being the latest entrant. China is the world’s largest card payments market,...
Malaysia is making steady progress to reduce cash dependence with growing adoption of electronic payments. The total card payments’ value is set to increase from MYR208.2bn (US$50.4bn) in...
The ongoing civil unrest in Hong Kong has given an unanticipated thrust to e-commerce transactions, as there was an 11% jump in the total transaction value from...
New Zealand’s retail lending market is expected to record a healthy growth over 2019–23 to reach NZ$395.9bn (US$265.6bn) in 2023, according to GlobalData, a leading data and...
Europe experienced an increase in the volume of early stage (Seed and Series A rounds) venture capital (VC) deals in the fourth quarter (Q4) of 2019 compared to Q4 2018 and these deals also continued to account for a dominant share...
Following the recent announcement that Worldline will acquire Ingenico in a cash and share deal for €7.8bn; Vlad Totia, Payments Analyst at GlobalData, a leading data...
The e-commerce market in Malaysia is among the fastest-growing in Southeast Asia, with a total transaction value of MYR25.6bn (US$6.2bn) in 2019. It is expected to grow...
The Indonesian market remains heavily cash-reliant with limited awareness of electronic payments and inadequate payment infrastructure. However, the country is making gradual progress to reduce...
The overall transaction value of the Indian e-commerce market is projected to grow from INR3.4 trillion (US$49bn) in 2019 to INR6.3 trillion (US$91bn) in 2023,...
Despite the dominance of cash, Hong Kong has made a steady progress in the adoption and use of payment cards. The convenience of electronic payments,...
The decade ahead is one anticipated to be swept with technological disruption, as we are digitizing every aspect of our day-to-day lives. The way we...
It is safe to say that most people have been victims of fraud or theft – and in an age when cash is slowly becoming...
Growing number of smartphone users and favorable government initiatives are set to drive the Philippines’ e-commerce market at a compound annual growth rate (CAGR) of...
Malaysia remains a cash-dominant economy with majority of consumer payments still carried out using cash. However, the country is making steady progress to reduce cash...
Growing Internet penetration, rising foreign direct investment, benefits such as discounts and the convenience offered by online shopping are set to drive the e-commerce market...
The Malaysian payments market remains cash-reliant. However, the concerted efforts by the central bank and other stakeholders are set to gradually push the total number...
India is traditionally a cash-based economy. However, as a result of government initiatives, banks’ efforts and growing consumer confidence in digital payments, the total number...
Innovation in e-commerce services, increasing consumer confidence and improving e-commerce activities in rural areas are set to drive the e-commerce market in China to grow...
With payment protection insurance (PPI) payout provision and the underperformance of Natwest Markets wiping out profits, the overall sentiment score for The Royal Bank of...
A combination of Brexit and macro-economic factors has led to the savings ratio rising in 2019, reaching 6.8% in July 2019 from 5.7% a year...
Pakistan is a cash-dominated society. However, the concerted efforts by the central bank and other stakeholders are set to gradually push a shift towards electronic...
China’s retail lending market, which registered strong growth during 2014–18, will continue to lead the Asian retail lending market with a compound annual growth rate...
Indian domestic card scheme RuPay registered exponential growth both in terms of cards in circulation and transaction value between 2015 and 2019, and in the...
Australia is one of the most highly developed contactless markets in the world, with the majority of consumers having access to a contactless card. Against...
The anticipated growth in affluent population in Indonesia, comprising mass affluent (holding liquid assets of US$50,000–1m) and high-net-worth (HNW) population (holding liquid assets of more...
Card payments in Vietnam are set to grow at a compound annual growth rate (CAGR) of 17.8% from 271 million in 2019 to 522.5 million...
Uncertainty around Brexit and the US-China trade war resulted in a poor performance in the UK wealth market in 2018. This year, uncertainty is continuing...
The Indian mobile wallet market is evolving at a rapid pace. Mobile wallet transactions in India are set to grow from INR1.7 trillion (US$24.9bn) in...
The South Korean card market is well developed with high card penetration and frequency of card payments. Cards are expected to surpass cash in terms...
Following the news that the Strong Customer Authentication rules launched in the UK on Saturday 14th September, Samuel Murrant, Senior Payments Analyst at GlobalData, a...
Even though cash remains the preferred mode of payment in Thailand, its share in the country is on a gradual decline due to the concerted...
The performance highlights of the Top 25 publicly traded global banking institutions in terms of market capitalization (M Cap) for the quarter ended 31 March...
While cash remains the preferred payment method in Taiwan, its share in the country’s total payment volume is expected to decline from 69.1% in 2019...
Following the news that HSBC, Standard Chartered and Bank of East Asia may face potential consumer backlash in Hong Kong after the companies spoke out...
The sheer volume of high-net-worth (HNW) wealth changing hands over the next ten years will open the door for significant churn in the industry, warns...
Alternative payments are strengthening their place at the core of New Zealand’s e-commerce market as their transaction value share has grown from 17.2% in 2015...
India’s e-commerce consumer payments for goods and services market is set to increase from US$49bn in 2019 to US$91bn by 2023, according to GlobalData, a...
Venezuela is currently undergoing an economic crisis due to declining global oil prices, over-reliance on oil exports and the government’s restricted fiscal policy. Amid political...
Even though cash remains the most preferred mode of consumer payment currently in Portugal, electronic payments are set to surpass it by 2020, supported by...
The launch of Slovenia’s first instant payments clearing system–RealTime24/7–by Slovenia-based payments company Bankart and Nordic payment processor Nets earlier this year is expected to drive...
Czech consumers are adopting contactless payments in ever-increasing numbers, with almost every individual now holding a contactless card, says GlobalData, a leading data and analytics...
Card-based payments are gradually gaining traction in Argentina courtesy of various government initiatives. As a result, the total card payments value is set to record...
Japan is making progress towards becoming a cashless society, with the share of cash in total payments set to decline from 76.2% in 2018 to...
Large banked population, growing awareness of electronic payments and a well-developed payment infrastructure are driving Finland towards a less cash-dependent society. As a result, payment...
India presents wealth managers with a great opportunity as the number of high-net-worth (HNW) individuals in the country is expected to grow by around 40%...
Nigeria remains a largely cash-dominated society, primarily due to limited financial literacy and a lack of financial infrastructure. Against this backdrop, the Central Bank of...
E-commerce payments, which are growing at a rapid pace in recent years, are set to grow at a compound annual growth rate (CAGR) of 19.1%...
Canada’s national payment scheme ‘Interac’, which facilitates electronic financial transactions between financial institutions and other enterprises, has evolved its product proposition beyond debit cards in...
Cash still plays dominant role in Cambodia, primarily due to high unbanked population, inadequate banking infrastructure, limited public awareness of electronic payments and low acceptance...
The Russian payment card market evolved at a rapid pace during 2014-18, with the country’s consumers enthusiastically embracing new technologies and increasingly favoring card-based payments...
With consumers globally embracing financial technologies, digital payments firms are fast disrupting the hegemony of traditional players in the payment value chain. Against this backdrop,...
An increase in the number of people using banks, availability of low cost bank accounts, lower interchange fees and improved infrastructure have positioned Poland as...
The findings and recent recommendations by the Banking Royal Commission have not only battered the reputation of the mortgage broker industry but also forced them...
Alternative payment methods such as mobile and digital wallets are steadily gaining ground over more traditional payment methods such as cards, bank transfers and cash...
Following the announcement (Friday 27 July) that there will be a review for cash access after a surge in digital payments, Sam Murrant, Senior Payments...