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...
The number of affluent population, including mass affluents (holding liquid assets of US$50,000–1m) and High-net-worth (HNW) population (holding liquid assets of more than US$1m), is...
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...
Even as the market leaders of the world’s private wealth management industry suffered a rare setback in 2018, Asia continues to be a bright spot...
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...
