Freshfields Bruckhaus Deringer and CMS were the top mergers and acquisitions (M&A) legal advisers in Europe for 2020 by value and volume, respectively. Freshfields Bruckhaus...
Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in Europe for 2020 by value and volume, respectively. Goldman Sachs advised...
Indonesia is a promising e-commerce market in Asia-Pacific, with several local and global players competing in the market. Rising Internet penetration, increasing digitalization and the...
New Zealand is among the few countries globally that have been successful in combating the COVID-19 outbreak. With the government lifting lockdown restrictions, a rise...
Card payments in Taiwan are expected to register an annual growth of 5.6% in 2020, as the COVID-19 pandemic has accelerated the push towards electronic...
Vietnam is one of the fastest growing e-commerce markets in the Asia-Pacific region, driven by young population, growing middle class, growing Internet penetration and rising...
The lockdown and social distancing measures in Hong Kong due to COVID-19 has resulted in the closure of businesses and decline in consumer spending. As...
COVID-19 had impacted the Vietnam’s economy with reduced consumer spending, affecting the overall growth of the card payments market. The gradual reopening of businesses and...
E-commerce sales have been on a consistent growth trajectory for the last few years in Taiwan. The ongoing COVID-19 pandemic and the subsequent social distancing...
India has a well-developed instant payment infrastructure. Immediate Payment Service (IMPS) was launched in 2010 followed by Unified Payments Interface (UPI) in 2016. While the...
The Chinese e-commerce market is the largest globally, with its strong growth even in 2020 supported by robust payment tools specialized for remote channels, developed...
Mobile wallet adoption is gradually displacing traditional payments such as cash and cards in India. This has become even more prevalent during the current COVID-19...
COVID-19 has had a profound effect on the Thailand tourism industry with reduced tourism spending. However, the gradual reopening of travel will provide the much-needed...
COVID-19 pandemic has hit the Indonesian payment market as consumers are staying away from non-essential purchases and as a result, card payments value will register...
South Korea is one of the most developed e-commerce markets globally. The ongoing COVID-19 pandemic and the subsequent lockdown and social distancing measures undertaken by...
Banks have previously been too conservative in sticking to their core brand image, but innovative design can be key to attracting younger customers in a...
The outlook of consumers around the world is improving, but significant concern remains that will depress consumer credit demand and risk appetite well into the...
Global day-to-day purchases have seen a drastic reduction, even though e-commerce is booming. This, coupled with regulatory changes - such as the Bank of England...
The COVID-19 crisis has shown it is more important than ever for banks to be able to gauge and help improve the financial wellbeing of...
Malaysia has traditionally been a cash-dominant society. However, the COVID-19 pandemic has accelerated Malaysia's push towards electronic payments, with card payments at point of sale...
Brexit-driven policy disruptions continue to jolt UK financial service (FS) companies as the looming threat of a no-deal Brexit and its uncertainty have made financial...
COVID-19 has highlighted the importance of human contact to solve problems, as the telephone channels have seen a rise in use, according to GlobalData, a...
Australia’s e-commerce market has been on a growth curve during the past few years and the recent COVID-19 outbreak has further accelerated this trend. The...
Key retail banking products such as residential mortgages and credit card spending are set to decline in Sweden over the coming months due to declining...
The COVID-19 pandemic has disrupted consumer payment space in Malaysia as consumers are gradually switching from offline to online purchases. The closure of physical stores...
total US personal loans value set to decline by 7.7% in 2020 total personal loans market recovery not expected until 2023 credit card balances...
Alternative payments have gained significant prominence among the online shoppers in India with mobile and digital wallets gradually displacing traditional payments such as cash and...
New Zealand is among the handful of countries that have been able to successfully contain the spread of COVID-19 with strict lockdown measures. With government...
COVID-19 has had a profound effect on Canada’s tourism industry. Chinese tourists alone spend around $1.54bn annually, which will be significantly reduced in 2020. However,...
Singapore’s retail loans market is estimated to decline in 2020 due to the negative impact of COVID-19 on the country’s economy, according to the latest...
Rising consumer confidence and higher disposable income are likely to lead to a resurgence in borrowing and spending, though threats of unemployment and a second...
E-commerce has been on a sustained growth for the last few years in Thailand. While Thailand is among the few countries globally that has been...
'Panic' buying extends to life insurance products in Australia as the number of Australians concerned about COVID-19 is on the rise again. However, trust in...
Japan is among the handful of countries that effectively controlled the COVID-19 pandemic with swift measures. A rise in consumer spending is expected with the...
The COVID-19 pandemic has provided a boost for e-commerce as it has become the default option for many customers worldwide and it is set to...
The COVID-19 pandemic has accelerated Singapore's push to digital payments, with rise in card payments and decline in cash usage, according to GlobalData, a leading...
Robo-advisor services are no longer the reserve of the retail segment, as Australia’s rich are increasingly open to digital channels and spreading their fortunes across...
The outlook for the global payments market is positive as consumers shift to electronic tools over cash, according to GlobalData, a leading data and analytics...
The Canadian retail and investments market is particularly reliant on mutual funds, which have suffered during the COVID-19 pandemic as consumers switched to deposits, according...
The impact of COVID-19 will amplify the application of open banking in Sweden and other markets, as can be seen by the new partnership between...
The shares of the top 25 global banks witnessed a revival in Q2 2020 as their aggregate market cap grew 4.2% to US$2,710bn in Q2...
Wealth has plunged as liquid assets held by the affluent will decline by 10% overall in 2020, according to GlobalData, a leading data and analytics...
Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the global financial services sector...
Morgan Stanley and JP Morgan were the top mergers and acquisitions (M&A) financial advisers in the global financial services sector in the first half (H1)...
Taiwan is among least affected nations from the outbreak of COVID-19 pandemic. With the government introducing comprehensive stimulus measures and easing international travel restrictions, a...
COVID-19 has hit the Belgian economy hard, but the hospitality sector slowly opening up should give it, and the payments industry, a much-needed boost, according...
The growth of Hong Kong e-commerce market has been revised up, considering the positive push due to coronavirus (COVID-19) outbreak, according to estimates by GlobalData,...
Card payments in India are gradually recovering on the backdrop of increase in consumer spending as the country has now entered unlock phase, says GlobalData,...
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 overall decline in payments during this crisis has been partially offset by a rise in online spending, but non-essential spending plummets, according to GlobalData’s...
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...
Forecasts for mortgage balances in France show a decline of 5.8% in 2020, down from 4.9% growth previously, as the COVID-19 pandemic continues to cause...
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...
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,...
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...
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...
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...
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...
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...
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...
