GlobalData
GlobalData

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Card payments in Japan to grow by 8.5% in 2022, forecasts GlobalData

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, says GlobalData, a leading data and analytics company. Like most markets globally, Japan was also affected by the COVID-19 pandemic. Reduced consumer spending and travel restrictions affected card payments, which […]
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Global deal activity mostly remained flat in Q1 2022 compared to the same period last year, finds GlobalData

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 analytics company found that this is a marginal increase of 0.8% over the 17,601 deals that were announced during Q1 2021. However, deal activity showcased a month-on-month fluctuating trend in […]
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Mastercard, Visa and PayPal miss out on combined $2.4 billion in revenue due to Russia-Ukraine conflict, says GlobalData

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 GlobalData has calculated that these major payment processors will miss out on a combined total of $2.4 billion in revenue—based on revenues lost from both Russia and Ukraine. Murthy Grandhi, […]
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IPOs expected to return in 2022 after an increase in SPAC M&As in 2021, says GlobalData

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 markets was witnessed during the COVID-19 pandemic, says GlobalData. However, the leading data and analytics company found that, as economic markets slowly try to rebuild post-pandemic, it is doubtful that […]
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Payment infrastructure growth to facilitate cashless transition in Singapore, forecasts GlobalData

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, which is now increasingly preferred by consumers as a safer payment method for cashless transition, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Cards Analytics […]
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Wealth managers must speed up the digitalization of their retirement services, says GlobalData

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 experience coming to the forefront of the wealth management space via technology, utilizing emerging technologies to manage pension services will be welcomed by customers. Sergel Woldemichael, Wealth Management Analyst at […]
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UBS acquisition of Wealthfront proves the value of robo-advice post-COVID, says GlobalData

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 services are post-COVID-19, says GlobalData, a leading data and analytics company. Sergel Woldemichael, Wealth Management Analyst at GlobalData, comments: “The Coronavirus Crash was a big test for robo-advice as the […]
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Lottery offering Italian’s cash prizes for using card supporting growth of card payments, says GlobalData

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 card users and a crackdown on large-cash transactions. The leading data and analytics company notes that such incentives, combined with a recovering economy and an increase in the number of […]
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