Alternative payment methods such as mobile and digital wallets completely dominate the e-commerce space in India. They have displaced cash and cards and are the...
Cards remain the most preferred payment tool for e-commerce purchases in the UAE, accounting for 40.8% of online purchases in 2023, according to the 2023...
New Zealand’s card payments market is expected to grow by 6.5% to reach NZ$102.4 billion ($65.0 billion) in 2023, supported by an economic rebound and...
China is set to retain its dominant position in the global e-Commerce landscape. Bolstered by a remarkable 9.9% growth, the Chinese e-Commerce market is anticipated...
India has made remarkable progress in the adoption of non-cash payments in recent years, supported by the government's push for digital payments and improvement in...
Alternative payment methods such as mobile and digital wallets are being widely used in the e-Commerce space in Singapore, accounting for 38.6% of the payments...
The Saudi Arabia card payments market is forecast to grow by 14.6% in 2023 to reach SAR532.1 billion ($141.9 billion), driven by consumers’ increasing preference...
Malaysia’s card payments market is estimated to grow by 20.8% to reach MYR371.8 billion ($84.5 billion) in 2023, driven by a significant shift in consumer...
India’s card payments market is expected to almost triple from INR21.7 trillion ($262.1 billion) in 2022 to INR60.2 trillion ($728.2 billion) in 2027, driven by...
South Korea continues to evolve as a major e-commerce market and is expected to register a strong compound annual growth rate (CAGR) of 7.7% between...
E-commerce sales in Australia registered sustained growth over the last few years supported by availability of secure online payment tools, increasing number of online shoppers,...
The US card payments market is expected to grow at a strong compound annual growth rate (CAGR) of 7.8% between 2023 and 2027 to reach...
Indonesia’s card payments market is forecast to grow by 19.5% to reach IDR1,032.9 trillion ($66.1 billion) in 2023, supported by an economic rebound and growing...
The use of mobile wallets as the primary payment method in China has become widespread, surpassing traditional forms of payment like cash and cards. Consequently,...
Hong Kong’s card payments market is expected to grow by 4.8% to reach HKD1.06 trillion ($136.0 billion) in 2023, supported by an economic rebound and...
The Saudi Arabia card payments market is expected to grow by 14.6% in 2023 to reach SAR532.1 billion ($141.9 billion). Growth will be driven by...
Japan’s card payments market is expected to grow by 7.5% in 2023 to reach JPY97.3 trillion ($742.4 billion) in 2023, driven by the growing consumer...
As Singaporeans regain confidence in their financial stability and embrace a new normal post COVID-19 pandemic, the credit card market is primed to flourish. Against...
Mobile wallet usage is growing at a robust pace in India and is gradually displacing traditional payments such as cash and cards. Payments through mobile...
The Indian banking space has been going through consolidation in the last five years, with an increasing number of mergers and acquisitions. The acquisition of...
Card payments in the Philippines are set to grow by 10.1% in 2023 to reach PHP2.5 trillion ($45.3 billion) in 2023, forecasts GlobalData, a leading...
The Australian credit and charge card market is set to grow by 9.1% in 2023, supported by rising consumer spending, forecasts GlobalData, a leading data...
Alternative payment solutions are the preferred payment method for e-commerce purchases in Hong Kong (China SAR), collectively accounting for a 43.3% share in 2022, finds...
Mobile wallet usage is on the rise in Hong Kong and is gradually displacing traditional payments such as cash and cards. As a result, mobile...
Following the recent launch of buy now pay later (BNPL) service by technology company Apple in the US; Ravi Sharma, Lead Banking & Payments Analyst at...
Cards remain the most popular payment method for e-commerce transactions in Saudi Arabia, accounting for more than one-third of all online purchases. This highlights the...
The card payments market in Australia is expected to grow by 8.1% to reach AUD896.5 billion ($610.8 billion) in 2023, supported by the rising consumer...
The banking sector’s brief role in crypto markets has hit a serious roadblock following the dramatic downfall of two highly specialized tech banks, Silvergate and...
The Chinese market for card payments, which has been among the fastest-growing globally, experienced an adverse impact from the COVID-19 pandemic. However, with the government's...
While cards remain the most preferred payment tool for e-commerce purchases in Taiwan, alternative payment solutions are increasingly being used for online purchases, accounting for...
Following the news that UBS has agreed to buy crisis hit Credit Suisse; Andrew Haslip, Head of Wealth Management at GlobalData, offers his view: “While the deal...
The crisis engulfing many of the US tech banks – Silicon Valley Bank (SVB), Silvergate, and Signature Bank, among others – has created a financial...
Singapore’s card payments market is forecast to grow by 12.8% to reach SGD136.8 billion ($102.1 billion) in 2023, driven by a growing consumer preference for...
Following the news that despite a solid turnaround plan announced in October 2022, the market has lost confidence in Zurich-headquartered Credit Suisse Group AG; Andrew...
The Spanish card payments market is forecast to grow at a compound annual growth rate (CAGR) of 5.7% between 2022 and 2026 to reach EUR354.7...
India’s card payments market is set to grow by 23.6% to reach INR26.9 trillion ($361.6 billion) in 2023, driven by rising consumer spending, says GlobalData,...
India has registered a significant acceleration in the digital payments space in the last few years, with Unified Payments Interface (UPI), the country’s instant payment...
Growth of the card payments market in South Korea is set to slow to 5.9% in 2023 to reach KRW1,176.6 trillion ($988.4 billion), as rising...
Cards remain the most preferred payment tool for e-commerce purchases in the Philippines, accounting for over half of online purchases in 2022, finds GlobalData’s 2022...
Buy now pay later (BNPL) has become a popular payment tool in New Zealand, due to increasing demand for short-term credit coupled with growing consumer...
The Italy card payments market is expected to grow at a strong compound annual growth rate (CAGR) of 8.1% between 2022 and 2026 to reach...
The Hong Kong credit and charge card payments market is set to grow at a compound annual growth rate (CAGR) of 3.9% between 2022–2026 to...
India’s card payments market is set to grow at a compound annual growth rate (CAGR) of 18.7% between 2022 and 2026 to reach INR43.3 trillion...
Payment cards were most preferred payment tool for e-commerce purchases in South Korea and accounted for 60.9% of payments made for online purchases in 2022,...
On Tuesday, 31 January 2023 at 9:00am (GMT), the Global Wealth Management team at GlobalData will host a webinar on the trends to be closely...
Disruptive solutions such as blockchain, artificial intelligence (AI) and cloud technology are creating new growth opportunities in the payments industry for companies that can capitalize...
Following the news that British lender TSB Bank was fined $48.65m ($59.07m) by the Financial Conduct Authority and the Prudential Regulation Authority over a botched IT...
The Taiwanese card payments market is set to grow at a compound annual growth rate (CAGR) of 7.9% between 2022 and 2026 to reach TWD4.8...
Driven by consumers’ increasing preferences for electronic payments and a rise in consumer spending, the US card payments market is expected to register a compound...
Buy now pay later (BNPL) is gradually becoming a popular payment option among online shoppers in Asia-Pacific (APAC) and is expected to account for 4.1%...
Hong Kong’s affluent population is set to grow by an average annual growth rate (AAGR) of 3.3% between 2022 and 2026, driven by a continued...
Payment cards are widely used in the e-commerce space in Singapore and collectively account for 41.4% of the payments made on the online shopping platforms...
GlobalData invites you to attend its Trends in Payment Fraud webinar, which is taking place on Tuesday, December 13, 2022, at 16:00 GMT. Click here to...
On Tuesday, 13 December 2022 at 9:00am (GMT), the Global Wealth Management team at GlobalData will host a webinar on who are digital asset investors...
GlobalData’s 2022 Financial Services Consumer Survey* found that payment cards are leading the e-commerce space in Saudi Arabia and collectively account for over one-third of...
The South Korean credit card payments market is set to grow at a compound annual growth rate (CAGR) of 4.8% between 2022–2026 to reach KRW1,060.5...
Alternative payments methods such as mobile and digital wallets dominate the e-commerce space in China and collectively account for 72% of market share in 2022,...
Buy now pay later (BNPL) services are gradually gaining traction in the Indian payments market and the transaction value of these services is estimated grow...
Alternative payment solutions such as PayPal, Apple Pay, and Google Pay are growing in popularity in New Zealand and collectively account for 39.5% of e-commerce...
The Malaysian e-commerce market is estimated to register a growth of 19.9% to reach MYR38.2 billion ($9.2 billion) in 2022, supported by a rapidly growing...
The Vietnamese card payments market will grow by 23.8% to reach VND859.2 trillion ($37.6 billion) in 2022, supported by rising consumer spending and a government...
Following the news that BNY Mellon has launched its own digital assets custodian platform, allowing some of its US clients to store and trade Bitcoin and...
The Australian e-commerce market is estimated to register a growth of 13.0% to reach AUD69.0 billion ($50.2 billion) in 2022, as consumers increasingly shift from...
The Indonesian card payments market will grow by 39.6% to reach IDR801.2 trillion ($56.3 billion) in 2022, supported by a rise in consumer spending driven...
Driven by consumers’ increasing preference for electronic payments, a surge in contactless payments, and the government’s push for a cashless society, Poland’s card payments market...
The Thailand card payments market will rebound by 2.1% in 2022 to reach THB1.7 trillion ($50.5 billion), as the economy is on the path to...
The Taiwanese card payments market will grow by 6.2% in 2022 to reach TWD3.5 trillion ($127.5 billion), as the country’s economy gradually recovers from the...
Employee costs account for more than 50% of the total operating costs of leading global banks in 2021, posing challenges to banks in improving their...
Mobile wallet payments have gained significant prominence in India with mobile and digital wallets gradually replacing traditional payments such as cash and cards as retailers...
With digital banking becoming ever prevalent in recent years, banks are scrambling to provide enhanced digital experience to attract and retain customers. Against this backdrop,...
The Japanese e-commerce market is estimated to register a growth of 6.9% to reach JPY22.4 trillion ($194.3 billion) in 2022, as consumers increasingly shift from...
The Saudi Arabian card payments market is expected to grow at a strong compound annual growth rate (CAGR) of 13.6% between 2022 and 2026 to...
Venture capital (VC) investments in the blockchain sector increased from $2.1 billion in 2020 to an impressive $14.8 billion in 2021, as both companies and investors...
The New Zealand payment card market is expected to gradually recover from the COVID-19 pandemic to register a compound annual growth rate (CAGR) of 5.0%...
With digital banking becoming ever prevalent in the UK, banks are scrambling to provide the best digital experience to attract and retain customers. Against this...
While cash has traditionally been the most preferred payment method in Argentina, the COVID-19 pandemic is acting as a catalyst for the growth of electronic...
China’s e-commerce market, the world’s largest, is expected to register a strong growth of 10.4% in 2022, as consumers are increasingly shifting from offline to...
The Malaysian card payments market is set to record a robust growth of 15.2% in 2022, supported by the gradual rise in consumer spending, government’s...
Alternative investments account for 12% of the high-net worth individuals’ (HNWI) investment portfolio in Asia-Pacific, with cryptocurrencies accounting for a mere 0.7% share, says GlobalData,...
Major buy now pay later (BNPL) providers have been unable to make a profit over the last few years as the current model of the...
Card payments in South Korea are set to grow at a compound annual growth rate (CAGR) of 4.9% between 2022 and 2026 to reach KRW1,346.5...
A mere seven months after selling off the assets of its digital currency Diem, Meta has announced that it will retire its digital wallet Novi...
The Reserve Bank of India’s (RBI) recent regulation barring fintech companies from loading prepaid payment instruments (PPIs) such as prepaid cards and mobile wallets using...
Alternative payments methods such as mobile and digital wallets completely dominate the e-commerce space in India. They have displaced cash and cards to emerge as...
Singapore’s economy, which contracted by 5.4% in 2020, had recovered in 2021 with GDP registering a 7.2% growth, supported by the government’s stimulus program, and...
The South African card payments market is set to grow at a compound annual growth rate (CAGR) of 7.1% between 2021 and 2025 to reach...
Following the COVID-19 pandemic, the Filipino card payments market is on the road to recovery supported by economic revival and a rise in consumer spending....
A survey by GlobalData* has revealed that, when it comes to opening a new business bank account, small and micro business owners in the UK...
When the buy now, pay later (BNPL) credit product first entered the fintech start-up space a few years ago, it was predicted that the service...
India’s recent proposal to allow credit card payments through unified payments interface (UPI) will further boost credit card acceptance in the country, says GlobalData, a...
Improving economic conditions and rising consumer spending following the easing of COVID-19 restrictions will drive the growth of the Japanese credit card payments market by...
The Australian credit and charge card payments market is set to grow by 4.9% in 2022, while the debit card payments market will grow by...
Following the news that Apple will launch its own Buy Now Pay Later (BNPL) service in the US in September 2022 with the release of...
The United Arab Emirates' (UAE) card payments market is set to grow by 9.4% in 2022. Although the COVID-19 pandemic impacted consumer spending in general,...
Following the news that Indexed Finance is still trying to recover the $16 million it lost as part of an elaborate flash loan hack back...
‘Buy Now Pay Later’ (BNPL) is quickly gaining popularity as an alternative payment option, with GlobalData’s latest report, ‘Buy Now Pay Later – Thematic Research’,...
Mobile wallet payments are becoming the ‘mainstream’ payment method in South Korea, gradually displacing traditional payments such as cash and cards, with nearly two-thirds of...
Credit and charge cards market in Asia-Pacific (APAC) is poised to register a significant growth of 13.7% in 2022, supported by recovery in economic conditions,...
The people of key countries in North Europe have been found to be some of the most willing to pay for goods and services using...
Alternative payment tools have emerged as mainstream for e-commerce payments in the Philippines and accounted for 30.7% in total e-commerce value in 2021, with mobile...
The Singaporean wealth market remains resilient and continues to grow despite the impact of COVID-19, with the affluent population witnessing 4.5% growth in 2021. With...
Following the news that Klarna will now begin reporting transactions; Jaimini Pattani, Banking Analyst at GlobalData, a leading data and analytics company, offers her view: “For a...
Amid the ongoing Russia-Ukraine crisis, the aggregate market capitalization (MCap) of the global top 25 banks remained stable at $3.8 trillion in Q1 2022*, according...
In response to the news that crypto business leaders are objecting to EU proposals to regulate cryptocurrencies, including requiring crypto firms to disclose transaction details; Amrit...
Buy now pay later (BNPL) is gaining prominence and emerging as an alternative credit tool for consumers in Australia, with tech-savvy millennials especially using the...
An analysis of GlobalData’s Financial Deals Database revealed that a total of 17,745 deals* were announced globally during Q1 2022, according to GlobalData. The leading data and...
The Japanese card payments market is expected to register a robust growth of 8.5% in 2022 supported by strong economic recovery and rising consumer spending,...
The Australian payment card market, which was affected by COVID-19, is now on the path of recovery and is expected to grow by 8.6% in...
Following the news that Tata Group’s super app Tata Neu is set for launch on 7 April 2022; Shivani Gupta, Senior Payment Analyst at GlobalData, a...
Following Mastercard, Visa, and PayPal’s decision to put their operations on hold in Russia over the country’s invasion of Ukraine, leading data and analytics company...
The Russian card payment market, which has been on a growth trajectory since 2017, is now facing a new challenge in the form of international...
An unforeseen rise in special purpose acquisition company (SPAC) mergers and acquisitions (M&As) as a quicker route for biopharmaceutical companies to enter the public capital...
Singapore has a well-developed payment market, supported by robust payment infrastructure. The country’s developed point of sale (POS) infrastructure is complimented by QR code payment,...
The UK remains a key global market and the biggest European market for venture capital (VC) investments, says GlobalData. The leading data and analytics company...
US-based startups continued to raise the highest venture capital (VC) funding amount globally in 2022, according to GlobalData. The leading data and analytics company reveals...
The Hong Kong card payments market, which was affected by the COVID-19 pandemic, is on the recovery path supported by the economic revival and rise...
The card payments market in the Philippines, which was affected by the COVID-19 pandemic, is on the recovery path supported by the economic revival and...
Mobile wallet payments are becoming the ‘mainstream’ payment method in India and gradually displacing traditional payments such as cash and cards. The COVID-19 pandemic has...
The retirement and pension industry has been slow to digitally revolutionize, says GlobalData. The leading data and analytics company notes that with simplicity and customer...
The COVID-19 pandemic accelerated the digital transformation of the wealth space, and the acquisition of Wealthfront by UBS is another example of how valuable digital...
Cash-loving Italians are shifting towards the use of digital payments, according to GlobalData, spurred on by government incentives—including a lottery that offers cash prizes to...
US, UK, EU, Canada sanction Russian banks International fund transfers and foreign trade at risk Local card scheme Mir managing to grow market share The...
The Spanish card payments market is expected to register robust growth of 11.4% in 2022 supported by strong economic recovery and rising consumer spending, says...
Following the news that Russia could be banned from the international messaging system SWIFT; Chris Dinga, Payments Analyst at GlobalData, a leading data and analytics company,...
A total of 104 venture capital (VC) funding deals were announced in the UK during January 2022, according to GlobalData, which notes that the disclosed...
Companies appear to be confident in acquisition and deal-making strategies in 2022 despite the ongoing pandemic and inflationary pressures says GlobalData. The leading data and...
Indonesia e-commerce market is expected to register a robust 23.8% growth in 2022 and reach IDR420.8 trillion ($30bn) in 2022, forecasts GlobalData, a leading data...
Buy now pay later (BNPL) has been gaining prominence in India with increasing number of payment and fintech companies vying to get a pie of...
Card payments in Singapore are set to rebound with 8% growth in 2022, with improving economic conditions, forecasts GlobalData, a leading data and analytics company. Singapore...
The card payments market in China, which was affected by the COVID-19 pandemic, is expected to register a strong growth of 17% in 2022, supported...
Global venture capital (VC) funding activity volume witnessed significant growth in 2021, with improvement also witnessed across all of the regions. However, North America continued...
Younger people are ditching credit cards, according to GlobalData, which notes that this is partly due to the popularity of buy-now-pay-later (BNPL) schemes. In a...
Following PayPal’s earnings release, Amrit Dhami, Thematic Analyst at GlobalData, a leading data and analytics company, comments: “PayPal was one of those companies that rode the...
Following the news that Meta (Facebook) is looking to sell off its Diem’s assets; Chris Dinga, Payments Analyst at GlobalData, a leading data and analytics company,...
The card payments market in Vietnam, which was affected by the COVID-19 pandemic, is expected to register a strong growth of 24.1% in 2022 supported...
Indian e-commerce market has been witnessing high growth during the past few years, a trend that is expected to continue with the value of e-commerce...
Indonesia’s card payments market, which was affected by COVID-19 pandemic, is on the path of recovery supported by gradual rise in consumer spending. The card...
Singapore continues to evolve as a major e-commerce market and is expected to grow at a compound annual growth rate of 16.2% from S$7.8bn (US$5.9bn)...
India made remarkable progress in the adoption of digital payments in recent years, supported by government’s push and improvements in payments infrastructure. As a result,...
Cryptocurrency total sector market cap $2.5 trillion in October Bitcoin is the leading cryptocurrency with a 46% share of the total cryptocurrencies market. Bitcoin...
The Singapore wealth market, especially equities and mutual funds, are expected to rebound in 2021 and 2022 after a pandemic induced contraction in 2020, pushing...
Driven by growing consumers’ preferences for online shopping and increasing internet penetration, the Philippines e-commerce market has been registering growth during the last few years....
With several payment companies now offering the ‘buy now pay later’ (BNPL) service, it has emerged as a feasible and appealing credit alternative for e-commerce...
New Zealand’s card payments market is expected to rebound strongly in 2021 registering 10.3% growth, supported by the economic revival, rising consumer spending, and growing...
Alternative payments have gained significant prominence among online shoppers in the Asia-Pacific (APAC) region with payment solutions such as mobile and digital wallets displacing traditional...
Following the news that, from 19 January 2022, Amazon will not accept payments from UK-issued Visa credit cards; Chris Dinga, Payments Analyst at GlobalData, a leading...
The Malaysian e-commerce market, one of the fastest growing in the Southeast Asia, is expected to register a strong growth of 10.6% in 2021 due...
Mobile wallet usage is on the rise in the Asia-Pacific (APAC) region, a trend that is prevalent in Hong Kong as well. The COVID-19 pandemic...
Goldman Sachs and Piper Sandler were the top mergers and acquisitions (M&A) financial advisers in the financial services sector for Q1-Q3 2021 by value and...
Sullivan & Cromwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the financial services sector for Q1-Q3 2021 by...
The Hong Kong card payments market is still reeling under the impact of the COVID-19 pandemic. Subsequently, the value of card payments in the country...
Australia’s e-commerce market has been witnessing high growth during the past few years, supported by growing Internet penetration, availability of secure online payment systems as...
Taiwan’s payment card market, which sustained growth for the past few years, registered a slump in 2020 due to the COVID-19 pandemic. However, with gradual...
Malaysian card payments market, which declined in 2020 due to the COVID-19 pandemic, is set to rebound in 2021 supported by gradual rise in consumer...
The latest release of offshore financial information has revealed little illegal activity, and will lack much of the punch that previous leaks enjoyed. However, it...
Mox Bank Limited (Mox), a virtual bank created by Standard Chartered in partnership with PCCW, HKT and Trip.com, failed to make a mark in the...
The UK is the key European market for venture capital (VC) investments, as the UK-based startups raised the highest VC funding amount during January-August 2021....
The Japanese e-commerce market is estimated to register a strong growth of 10.5% in 2021, as consumers are increasingly shifting from offline to online, according...
Mobile wallet adoption and usage is poised for major growth in the next few years in the Asia-Pacific (APAC) region, and thereby displace traditional payments...
A total of 4,826 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing deals) were announced globally during August 2021, which is a...
South Korea’s payment cards market is well developed and has been on a sustained growth for the past few years. High banked population, developed payment...
Chinese e-commerce market, the world’s largest, is estimated to register a strong growth of 17.2% in 2021, as consumers increasingly shift from offline to online....
Following the news that El Salvador has officially accepted Bitcoin as a legal tender to join the US dollar as an official currency, and the...
The Australian payment card market, which has been on the rise for the past few years, registered a slowdown in 2020 due to the COVID-19...
South Korea’s e-commerce market ranks among the most developed in the world and has been on a sustained growth for the past few years. Supported...
Thailand is among the worst affected Southeast Asian countries by the COVID-19 pandemic. Payment card transactions value, which registered robust growth in the last few...
Poland’s card payment market, which has been on the rise for the past few years, registered a slowdown in 2020 with a growth rate of...
As the historically paper-based wealth management industry undergoes a long-awaited digital transformation, mass affluent customers are now open to a wider range of providers managing...
Following the news that Square, Inc has agreed to buy Australia’s ‘buy now, pay later’ solution (BNPL) provider Afterpay Limited for US$29bn; Ravi Sharma, Lead...
While cash has traditionally been the most preferred payment method in Argentina, consumers are now gradually embracing electronic payments, according to GlobalData. The leading data...
The Hong Kong wealth market is expected to rebound after a COVID-19 pandemic induced contraction in 2020, driving up affluent investor numbers. This population, including...
Singapore has a well-developed payments market, which has been growing at a robust pace in past few years due to the country’s robust payment infrastructure....
Saudi Arabia’s card payments market, which has registered sustained growth for the past few years, is set to increase strongly by 29.6% in 2021. The...
The Israel card payment market, which has been on the rise for the past few years, registered a decline of 3.8% in 2020 due to...
The e-commerce market in India has been witnessing high growth during the past few years. It continued to grow even during the COVID-19 pandemic as...
The card payments market in the Philippines is set to grow by 15.4% in 2021 due to the gradual revival of economy, easing of lockdown...
Hungary’s card payments market, which has registered sustained growth for the past few years, is set to increase by 13.3% in 2021, according to GlobalData,...
The COVID-19 pandemic accelerated the acceptance of digital payments across the globe in 2020, which rendered an improvement in the top-line performance of the majority...
Despite rising inflation as economies around the world reopen following COVID-19 lockdowns and successful vaccine rollouts, the continued fragility of the global economy will likely...
The much discussed ‘cashless society’ is coming closer to reality across the world amid changing consumer attitudes and widespread technological adoption. However, while some markets...
The credit card payments market in Japan is set to register a compound annual growth rate (CAGR) of 7.6% to reach JPY105.9 trillion (US$1,026.5bn) in...
Following the news that JPMorgan is acquiring UK robo-advisor Nutmeg to accompany its forthcoming digital bank in the UK; Sergel Woldemichael, Wealth Management Analyst at GlobalData,...
The Netherlands card payments market, which is well developed and has registered sustained growth for the past few years, is set to increase by 7.7%...
A total of 3,929 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during May 2021, which is a...
Canada’s card payment market, which has been on the rise for the past few years, registered a decline of 2.8% in 2020 due to COVID-19...
South Korea’s payment cards market is well developed and has been on a sustained growth for the past few years. High banked population, developed payment...
The Malaysian card payments market, supported by a gradual rise in consumer spending, is set to rebound strongly registering 10.6% growth in 2021 after a...
The South Africa card payment market, which has been on the rise for the past few years, registered a subdued growth of 3.7% in 2020...
The Chinese wealth market remains resilient and continues to grow despite the impact of COVID-19, driving the Chinese mainland affluent population growth. This population, including...
As of 2020, 74.6 million debit cards were issued by Mir, representing 28.62% of all debit cards in circulation Since 2016, while international schemes...
The easing of lockdown restrictions and effective rollout of vaccines have boosted market sentiment in Europe. With economic recovery gathering pace, the combined real GDP...
Hong Kong card payments market, which registered subdued growth in 2020 due to the COVID-19 pandemic, is expected to rebound with the gradual economic recovery,...
The card payments market in Pakistan is set to grow by 12.3% in 2021 with expected economic recovery from the COVID-19 pandemic. The growth will...
In 2020, the total assets of the top 25 banks globally by revenue saw an average year-on-year (y-o-y) growth rate of 11.1%. However, this healthy...
With consumers embracing financial technologies, digital payments firms are fast disrupting the hegemony of traditional players in the payment value chain globally, a trend which...
Card payments in China have been on a sustained growth for the last few years. While the growth was affected by the COVID-19 pandemic in...
The top 25 global banks* picked up from where they left off in Q4 2020 (ended 31 December 2020) and reported 15.6% growth in their...
Low-value deals (where the investment was less than or equal to $10m) accounted for the majority of global venture capital (VC) investment volume during the...
Low-value deals (where the investment was less than or equal to $10m) accounted for the majority of global venture capital (VC) investment volume during the...
Card payments in Singapore, which have seen sustained growth in the last few years, registered a decline in 2020 amid the COVID-19 pandemic. They are...
Card payments in Japan are set to rise by 9.5% in 2021 supported by improving economic conditions, rising consumer spending and the upcoming international sports...
The Chinese e-commerce market is set to register a strong compound annual growth rate (CAGR) of 12.4% from CNY13.8 trillion (US$2.1 trillion) in 2021 to...
The approval of new umbrella entities (NUE) licensing by the Reserve Bank of India (RBI) will lead to increased private participation in the Indian digital...
A total of 5,566 deals (comprising mergers & acquisitions, private equity, and venture financing deals) were announced globally during March 2021, which is an increase of...
Card payments in the Philippines, which witnessed a -7.4% slump in 2020, are all set to rebound strongly with 15.4% growth in 2021, with a...
COVID-19 has altered a lot of long-established patterns and the offshore investment market is not immune to this disruption. As a result, high-net-worth (HNW) investors...
E-commerce sales in Hong Kong are forecasted to register a strong growth of 11.1% in 2021, as consumers are increasingly opting for online purchases, says...
Card payments in Singapore are set to rebound and grow by 10.2% in 2021 due to the improving economic conditions, forecasts GlobalData, a leading data...
Buy now and pay later (BNPL) has emerged as a viable credit option for e-commerce purchases in Asia-Pacific (APAC) as several payment companies are now...
Card payments in the Asia-Pacific (APAC) region, which registered a subdued growth of 1.0% in 2020 due to the reduced consumer spending amid the COVID-19...
The e-commerce market in Australia has been on a high growth curve during the past few years. The COVID-19 outbreak is further set to drive...
The rise of private securities marketplaces is likely to mark the beginning of the end for the national stock exchange monopolies. It will herald a...
Singapore has been investing in building infrastructure for cashless payments for a long time, with QR code being one such initiative. As a result, QR...
South Korea is a well-developed payments market, with consumers preferring cashless payment. While credit cards are the mostly preferred payment method, mobile wallet payments transaction...
Top global banks ended 2020 on a high, with aggregate market cap growing by 25.4% from $2,597.1bn, as of 30 September 2020 (Q3 2020), to...
Once described as being a ‘real challenger’, it seems that TSB has now become a real challenge itself after reporting a significant £204m loss in...
Increasingly up against smaller national players solving local problems and Revolut’s better developed, more aggressive approach, N26 finds itself in a banking no-man’s land that...
Card payments in China have been on a sustained growth for the last few years. While the growth was somewhat affected by COVID-19 pandemic in...
Japan is one of the most developed e-commerce markets globally and ranks second in Asia, only behind China. The market has registered sustainable growth over...
Monzo will be the first major UK challenger to face the same fate as Xinja, which was recently forced out of the banking space, unless...
The Australian payment card market, which has been on the rise for past few years, registered slowdown in 2020 due to COVID-19 with reduced consumer...
Morgan Stanley and JP Morgan were the top mergers and acquisitions (M&A) financial advisers in the global financial services sector for 2020 by value and...
Clifford Chance and Allen & Overy were the top mergers and acquisitions (M&A) legal advisers in the Middle East and Africa (MEA) region for 2020...
Pinheiro Neto Advogados and Veirano Advogados were the top mergers and acquisitions (M&A) legal advisers in South and Central America for 2020 by value and...
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 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...
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...