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South Korea card payments set to grow as credit card use leads, forecasts GlobalData

South Korea’s card payments market is projected to continue its strong growth over the next few years, driven by near-universal banking access for adults, an advanced payments infrastructure, and a lasting migration toward electronic transactions. Credit cards remain the dominant force driving the nation’s cashless economy, according to GlobalData, a leading intelligence and productivity platform. […]
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Revolut repositions crypto spending as TradFi with new card, says GlobalData

Following the news that Revolut launched a physical crypto debit card in Europe; Blandina Szalay, Banking & Payments Analyst at GlobalData, a leading intelligence and productivity platform, offers her view: “While the industry focuses on leveraging the efficiencies of stablecoin payments, Revolut has placed a renewed bet on making crypto payments mainstream by relaunching its […]
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Private markets reshape wealth management as alternatives drive portfolio diversification and revenue growth,says GlobalData

Alternative investments are rapidly transforming global wealth management, as private markets move from niche offerings to core portfolio allocations. Wealth managers are expanding access to private equity, private credit, infrastructure, and real assets to meet rising demand for diversification, resilience, and long-term returns. This structural shift is also strengthening revenue models by reducing reliance on […]
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Taiwan card payments market to surpass $177 billion in 2026, forecasts GlobalData

Taiwan’s (Province of China) card payments market is set to reach TWD5.7 trillion ($177.7 billion) in 2026, driven by the growing preference for digital payments, near-universal banking access and value-added benefits associated with payment cards, reveals GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the total card payment value in […]
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Australia card payments market to surpass $789 billion in 2026 driven by strong banked population and regulatory reforms, forecasts GlobalData

The Australia card payments market is set to reach AUD1.2 trillion ($789.9 billion) in 2026, underpinned by near-universal banking access, a well-developed POS acceptance network, and rising contactless usage. While debit cards dominate, credit usage is accelerating, indicating a subtle but notable shift in consumer spending patterns across the country, according to GlobalData, a leading […]
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Hong Kong card payments market to reach $175 billion in 2026, forecasts GlobalData

Hong Kong (China SAR) card payments market is forecast to reach HKD1.4 trillion ($175 billion) in 2026, supported by a continued development of payment acceptance infrastructure, strong consumer preference for payment cards, and the growing adoption of contactless payments, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the […]
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Indonesia card payments market to surpass $61 billion in 2026 as financial inclusion and policy support drive growth, forecasts GlobalData

Indonesia’s card payments market is set to cross IDR1,010 trillion ($61.3 billion) in 2026, underpinned by strong financial inclusion efforts and expanding merchant acceptance. While debit cards dominate, credit usage is accelerating, signalling a gradual shift in consumer spending behavior across the country, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards […]
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Thailand credit and charge card payments market to grow by 2.7% in 2026, forecasts GlobalData

The Thailand credit and charge card payments market is projected to increase by 2.7% in 2026 to reach THB2.2 trillion ($68.1 billion), supported by a gradual increase in payment card usage, expanding payment infrastructure, and ongoing government initiatives, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that credit and […]
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Thailand card payments market to surpass $71 billion in 2026, forecasts GlobalData

The Thailand card payments market is forecast to reach THB2.4 trillion ($71.8 billion) in 2026, supported by a gradual increase in payment card usage, expanding payment infrastructure, and the growing adoption of contactless payments, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the total card payment value in […]
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Financial institutions face rising IT budgets as they balance innovation, legacy and regulation, says Celent, a GlobalData company

Financial institutions are entering 2026 with competing technology priorities, from scaling artificial intelligence (AI) capabilities and strengthening data governance to modernizing legacy systems and managing rising regulatory demands. While banks and capital market firms are continuing to face pressures on their budgets to maintain the levels of spending on innovation, life insurers are increasing budgets […]
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Malaysia credit and charge card payments market to surpass $59 billion in 2026, forecasts GlobalData

Malaysia’s credit and charge card payments are expected to reach MYR255 billion ($59.6 billion) in 2026, reflecting a healthy growth of 4.8% compared to the previous year. This growth is driven by banks offering value-added benefits and instalment options, expanding banked population, and increasing consumer preference towards cashless payments, according to GlobalData, a leading intelligence […]
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New Zealand card payments market to surpass $62 billion in 2026, forecasts GlobalData

The New Zealand card payments market is forecast to reach NZD106.7 billion ($62.1 billion) in 2026, supported by strong consumer migration toward electronic payments, widespread adoption of contactless cards, and well-established digital infrastructure, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the total card payment value in New […]
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Celent launches AI-enabled intelligence to help financial institutions make quick technology decisions

LONDON, 16 March 2026 – Celent, a GlobalData company, has launched a new client platform that brings together its research, expert advisory services, proprietary data, tools, and an embedded AI assistant into a single environment. The platform is designed to help financial institutions access actionable insights more easily, make faster technology decisions in response to […]
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Revolut’s full UK banking license unlocks lending expansion and deeper market positioning, says GlobalData

Following the news that fintech Revolut has received a full UK banking license from the Prudential Regulation Authority (PRA); Phoebe Hodgson, Banking and Payments Analyst at GlobalData, a leading intelligence and productivity platform, offers her view: “This is a significant step in the fintech’s transition from a digital payment platform to a fully regulated bank […]
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Singapore ecommerce market to register 17.7% growth in 2026, forecasts GlobalData

Singapore’s ecommerce market is forecast to grow by 17.7% in 2026, reaching SGD40.5 billion ($31 billion). This rapid growth will be driven by strong consumer appetite for online shopping, supported by advanced digital infrastructure, and a large population of digitally proficient consumers. The market’s momentum reflects deeper digital integration, and rising adoption of innovative online […]
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Malaysia card payments to surpass $125 billion in 2029 as digital adoption gains pace, forecasts GlobalData

Malaysia’s total card payments market is projected to grow at a compound annual growth rate (CAGR) of 7.1% between 2025 and 2029 to reach MYR538 billion ($125.7 billion) in 2029. This is mainly driven by expanding POS terminal infrastructure, growing adoption of contactless payments, rise of digital banks, and government-led financial inclusion programs, according to […]
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Singapore credit and charge card payments to grow by 9.2% in 2026, forecasts GlobalData

Singapore’s credit and charge card payments market is projected to grow by 9.2% to reach SGD116.8 billion ($88.4 billion) in 2026. This growth is being driven by a confluence of factors including widespread card acceptance, a near-100% banked population, and increasing adoption of contactless cards, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s […]
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