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Card payments in Singapore to grow by 8% in 2022, says GlobalData

Card payments in Singapore are set to rebound with 8% growth in 2022, with improving economic conditions, forecasts GlobalData, a leading data and analytics company. Singapore was among the first countries to be affected by the COVID-19 pandemic. This caused significant economic disruption, with GDP contracting by 5.4% in 2020 – its first annual contraction […]
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North America further strengthens its leadership in global VC funding landscape in 2021, says GlobalData

Global venture capital (VC) funding activity volume witnessed significant growth in 2021, with improvement also witnessed across all of the regions. However, North America continued to attract the highest number of VC investments while also registering robust growth during the year. This was primarily driven by the heightened deal activity in the US, according to […]
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Card payments in India to surpass $300bn mark in 2022, says GlobalData

India made remarkable progress in the adoption of digital payments in recent years, supported by government’s push and improvements in payments infrastructure. As a result, the card payments market in India is anticipated to grow by 31.2% in 2022 to reach INR22.3 trillion ($305.4bn), driven by economic recovery post COVID-19 pandemic, widespread vaccination program and […]
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Recovery in Singapore wealth market to drive affluent population growth in 2021 and 2022, forecasts GlobalData

The Singapore wealth market, especially equities and mutual funds, are expected to rebound in 2021 and 2022 after a pandemic induced contraction in 2020, pushing up affluent investors’ numbers. This population, which includes mass affluent investors (holding liquid assets of US$50,000–$1m) and High-net-worth (HNW) individuals (holding liquid assets of more than US$1m), is expected to […]
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Online shopping and rising internet penetration to lead Philippines e-commerce at 17% CAGR through 2025, forecasts GlobalData

Driven by growing consumers’ preferences for online shopping and increasing internet penetration, the Philippines e-commerce market has been registering growth during the last few years. The COVID-19 pandemic has further accelerated this trend. Consequently, e-commerce value is expected to grow at a strong CAGR of 17% between 2021 and 2025, forecasts GlobalData, a leading data […]
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Card payments in New Zealand to rebound in 2021 with 10.3% growth, forecasts GlobalData

New Zealand’s card payments market is expected to rebound strongly in 2021 registering 10.3% growth, supported by the economic revival, rising consumer spending, and growing preference for contactless payments, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, the value of card payments registered a decline of 11.8% in 2020 […]
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Alternative payment tools emerge as mainstream for e-commerce payments in APAC, finds GlobalData

Alternative payments have gained significant prominence among online shoppers in the Asia-Pacific (APAC) region with payment solutions such as mobile and digital wallets displacing traditional payment methods like cash and cards, says GlobalData, a leading data and analytics company. According to GlobalData’s E-Commerce Analytics, e-commerce payments in APAC (covering 16 countries) are estimated to increase […]
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