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GlobalData

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Malaysia card payments value to grow by 20.8% in 2023, supported by strong economic recovery, forecasts GlobalData

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 preferences towards non-cash payment methods and recovery in consumer spending, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payments value in Malaysia […]
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Alternative payments account for one third of total e-commerce payments in Australia, reveals GlobalData

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, and proliferation of online merchants and payment tools. Against this backdrop, alternative payment methods such as mobile and digital wallets are set to account for 34.1% of the payments made […]
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Economic recovery to drive Indonesia card payments to grow by 19.5% in 2023, says GlobalData

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 consumer preference for electronic payments, according to GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, Indonesia saw a significant decline of 22.4% in card payments […]
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Alternative payments account for over 40% of e-commerce payments in Hong Kong, reveals GlobalData

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 GlobalData’s 2022 Financial Services Consumer Survey*. GlobalData’s E-Commerce Analytics reveal that the e-commerce market in Hong Kong grew by 13.7% in 2022 to reach HKD203.7 billion ($26.1 billion), as an […]
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