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Companies investing in key themes are taking the lead in the payments industry, says GlobalData

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 on these trends. However, current economic market conditions such as inflation, high interest rate and cost of living will also present some challenges for the payments industry, especially for fintech […]
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Webinar Invite: Adapting to the challenges of payment Fraud

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 register, and find out: Trends in payment fraud losses in the last 10 years, and the projections for the future Dive into the consumer-level data on fraud perception, concern […]
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Payment cards account for over one-third of e-commerce payments in Saudi Arabia, reveals GlobalData

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 market share. The leading data and analytics company’s E-Commerce Analytics reveal that the Saudi e-commerce market will register a healthy 17.9% growth to reach SAR58.5 billion ($15.6 billion) by 2022, as […]
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Malaysia e-commerce market to grow by 19.9% in 2022, estimates GlobalData

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 shift from offline to online purchasing, says GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that e-commerce sales in Malaysia will increase at a compound annual growth […]
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Card payments in Vietnam to grow by 23.8% in 2022, supported by government push for digital payments, forecasts GlobalData

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 push for digital payments, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, the value of card payments in Vietnam registered a growth of 13.7% […]
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BNY Mellon’s digital assets custodian platform will compete with established cryptocurrency exchanges, says GlobalData

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 Ethereum; Chris Dinga, Payment Analyst at GlobalData, a leading data and analytics company, offers his view: “The growing interest in the cryptocurrency sector is motivating institutions such as BNY Mellon […]
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Poland card payments market to grow by 19.5% in 2022, forecasts GlobalData

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 is expected to grow by 19.5% in 2022 to reach PLN585.7 billion ($145.2 billion) in 2022, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Poland Cards and Payments: […]
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