Banking

Banking

Payment cards account for 40% share in Singapore e-commerce payments market, reveals GlobalData

In Singapore’s dynamic e-commerce landscape, payment cards reign supreme, commanding over 40% of the market share for online transactions in 2023. As consumers increasingly pivot towards digital channels, the country’s e-commerce market is expected to register a robust 13% growth in 2024 to reach SGD22.3 billion ($16.6 billion). This surge can be attributed to advanced […]

Banking, Business Fundamentals

Top 25 global banks see 7.8% QoQ growth in MCap during Q1 2024

Citigroup and Sumitomo Mitsui Financial stocks see over 20% growth Indian banking major HDFC Bank loses over 15% market value JPMorgan Chase continues to top for the eighth consecutive quarter The aggregate market capitalization (MCap) of the top 25 global banks surged ahead by 7.8% to $3.89 trillion quarter-on-quarter (QoQ) during the first quarter (Q1) […]

Banking

Credit and charge card payments in Australia to grow by 7.1% in 2024, forecasts GlobalData

The Australian credit and charge card market is set to grow by 7.1% in 2024, supported by rising consumer spending. With a strong payment infrastructure and burgeoning e-commerce landscape, credit and charge cards are becoming increasingly favored among Australians, despite looming competition from buy now pay later (BNPL) solutions. This trajectory signifies a pivotal shift […]

Banking

Mobile wallet payments in India to surpass $6 trillion in 2028, forecasts GlobalData

Mobile wallet adoption is surging in India, swiftly becoming a primary payment option, surpassing traditional methods like cash and cards. Payment through mobile wallet is anticipated to grow at a compound annual growth rate (CAGR) of 18.3% between 2024 and 2028 and reach INR531.8 trillion ($6.4 trillion) in 2028, forecasts GlobalData, a leading data and […]

Banking

France card payments market to reach $1.1 trillion in 2028, forecasts GlobalData

The French card payments market is forecast to grow at a compound annual growth rate (CAGR) of 5.3% between 2024 and 2028 to reach EUR1.05 trillion ($1.14 trillion) in 2028, supported by a constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics, reveals that card […]

Banking

Card payments in Malaysia to surpass $84 billion in 2024, forecasts GlobalData

The Malaysian card payments market is expected to grow by 10.2% to reach MYR387 billion ($84.9 billion) in 2024, supported by constant consumer shift towards non-cash payments, says GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payments value in Malaysia registered a healthy compound annual growth rate (CAGR) of […]

Banking, Business Fundamentals, Disruptor

February JOLTS and March NFP data to beat consensus reflecting healthy US jobs market, says GlobalData

The anticipated US Job Openings and Labor Turnover Survey (JOLTS) report for February 2024, set to be released on 02 April 2024, is expected to surpass the consensus forecasts. Job openings are expected to be between 8.8 and 9.0 million, ahead of the consensus expectation of 8.8 million, while non-farm payroll (NFP) data for March […]

Banking, Business Fundamentals

China startups raise $6.4 billion VC funding in first two months of 2024, reveals GlobalData

China witnessed the announcement of a total of 416 venture capital (VC) funding deals of worth $6.4 billion during the first two months of year 2024, which is a year-on-year (YoY) decline of 18.9% in terms of deal volume and 4.9% in terms of funding value, reveals GlobalData, a leading data and analytics company. An […]

Banking, Business Fundamentals

Germany VC landscape thrives despite volume decline, signals growth potential, says GlobalData

Germany’s venture capital (VC) landscape saw notable activity during January-February 2024, with 62 disclosed deals of worth $1.3 billion. Despite a 38.6% year-on-year (YoY) decline in deal volume, the funding value witnessed an impressive 18.9% growth, positioning the country among the top five global markets by funding value. Significant VC funding, including those secured by […]

Banking

Alternative payments account for over two thirds of total e-commerce payments in China, reveals GlobalData

Alternative payment methods such as mobile and digital wallets dominate the e-commerce space in China. They have displaced cash and cards and are the most preferred payment method with 67.3% market share in 2023, finds GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Chinese e-commerce market is expected to register a […]

Banking, Business Fundamentals

Bank of Japan historic rate hike sparks diverse reactions among influencers, finds GlobalData

The Bank of Japan (BOJ) has recently made a historic departure from its long-standing monetary policy by raising its benchmark interest rate for the first time in 17 years. This shift from decades of aggressive monetary stimulus, aimed at reflating growth, comes as wages and consumer prices climb. The move has ignited intense discussion and […]

Banking, Business Fundamentals

UK startup ecosystem stays globally prominent despite YoY dip in first two months of 2024, reveals GlobalData

Amidst a decline in year-on-year (YoY) startup venture capital (VC) funding, the UK’s entrepreneurial ecosystem remains resilient, retaining its influential position globally despite market fluctuations. With $1.4 billion raised across 152 deals in the first two months of 2024, the UK sustains its prominence in Europe’s venture capital landscape, showcasing adaptability and enduring appeal amidst […]

Banking

Alternative payments account for 58% of e-commerce market in India, reveals GlobalData

India’s e-commerce sector is witnessing a seismic shift with alternative payment methods commanding a staggering 58% share of the market in 2023. Mobile and digital wallets have eclipsed traditional payment modes, reflecting a paradigmatic change in consumer preferences and transactional behavior. This dominance underscores the country’s digital revolution, propelled by burgeoning internet connectivity and a […]

Banking

Card payments in Australia to surpass $700 billion in 2024, forecasts GlobalData

Australia has a well-developed card payment market, supported by robust payment infrastructure featuring the widespread acceptance of electronic payments. The country benefits from a nearly 100% banked population and a well-established framework for accepting various payment methods, making it one of the most developed card markets both regionally and globally. Against this backdrop, the card […]

Banking

Nationwide should approach Virgin Money rebranding with caution, says GlobalData

Following the news that Nationwide Building Society has agreed to buy Virgin Money UK for £2.9 billion, Phoebe Hodgson, Banking and Payments Analyst at GlobalData, offers her view: “Nationwide’s preliminary deal to acquire Virgin Money will see the building society take on an extremely loyal and satisfied customer base. GlobalData’s Financial Services Consumer Survey shows […]

Banking

Alternative payments account for nearly 60% of e-commerce market in India, reveals GlobalData

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 most popular online payment method with 58.1% market share in 2023, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that India’s e-commerce market […]

Banking

Payment cards account for over 40% of e-commerce payments in UAE, reveals GlobalData

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 Financial Services Consumer Survey* by GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that the UAE’s e-commerce market registered a strong growth of 18.5% in 2022 to […]

Banking

China continues to lead global e-Commerce market with expected $2.2 trillion sales in 2023, says GlobalData

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 to surge to CNY 15.2 trillion ($2.2 trillion) in 2023, driven by the ongoing shift of consumer preferences from offline to online shopping, forecasts GlobalData, a leading data and analytics […]

Banking

Card payments in New Zealand to surpass NZ$100 billion in 2023, says GlobalData

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 a growing consumer preference for electronic payments, says GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, New Zealand saw a decline of 10.5% in card […]

Banking

Card payments in India to surge to $337 billion in 2023, forecasts GlobalData

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 payments infrastructure. The card payments market in India is estimated to grow by 28.6% in 2023 to reach INR27.9 trillion ($337.1 billion), forecasts GlobalData, a leading data and analytics company. […]

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Payment cards account for 40% share in Singapore e-commerce payments market, reveals GlobalData

Top 25 global banks see 7.8% QoQ growth in MCap during Q1 2024

Credit and charge card payments in Australia to grow by 7.1% in 2024, forecasts GlobalData

Mobile wallet payments in India to surpass $6 trillion in 2028, forecasts GlobalData

France card payments market to reach $1.1 trillion in 2028, forecasts GlobalData

Card payments in Malaysia to surpass $84 billion in 2024, forecasts GlobalData

February JOLTS and March NFP data to beat consensus reflecting healthy US jobs market, says GlobalData

China startups raise $6.4 billion VC funding in first two months of 2024, reveals GlobalData

Germany VC landscape thrives despite volume decline, signals growth potential, says GlobalData

Alternative payments account for over two thirds of total e-commerce payments in China, reveals GlobalData

Bank of Japan historic rate hike sparks diverse reactions among influencers, finds GlobalData

UK startup ecosystem stays globally prominent despite YoY dip in first two months of 2024, reveals GlobalData

Alternative payments account for 58% of e-commerce market in India, reveals GlobalData

Card payments in Australia to surpass $700 billion in 2024, forecasts GlobalData

Nationwide should approach Virgin Money rebranding with caution, says GlobalData

Alternative payments account for nearly 60% of e-commerce market in India, reveals GlobalData

Payment cards account for over 40% of e-commerce payments in UAE, reveals GlobalData

China continues to lead global e-Commerce market with expected $2.2 trillion sales in 2023, says GlobalData

Card payments in New Zealand to surpass NZ$100 billion in 2023, says GlobalData

Card payments in India to surge to $337 billion in 2023, forecasts GlobalData

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