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Banking

Institutional crypto adoption remains flat in 2025, but it’s not necessarily negative signal, says GlobalData 

A global sentiment poll* has shown no change in institutions’ interest in operational crypto adoption between H1 and H2 of 2025, despite the stablecoin boom. Just over 40% of financial services (FS) industry insiders globally reported having involvement or plans for crypto implementation as part of their organizations’ core operations, as laggards wait out this […]
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India’s e-commerce market to register 12.4% growth in 2026, forecasts GlobalData

India’s e-commerce market is forecast to grow by 12.4% in 2026, reaching INR19.7 trillion ($225.9 billion). This rapid growth will be driven by strong consumer appetite for online shopping and growing trust in digital payments. The sector’s momentum reflects deeper digital integration, government-led policy support, and rising adoption of AI-driven shopping innovations, according to GlobalData, […]
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Spain card payments to surpass $550 billion in 2029, forecasts GlobalData

The Spain card payments market is set to increase at a 5.9% compound annual growth rate (CAGR) to reach EUR505.4 billion ($550.6 billion) in 2029, supported by near-universal bank access, extensive merchant acceptance, and rising use of contactless cards, forecasts GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the card […]
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South Korea card payments market to grow by 3.8% in 2025, forecasts GlobalData

The South Korean card payments market is forecast to grow by 3.8% in 2025 to reach KRW1,303.4 trillion ($969.8 billion), supported by strong payments infrastructure, continued government support for cashless payments, and growing e-commerce demand, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the total card payment value […]
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Singapore card payments to register 7.2% CAGR between 2025 and 2029, forecasts GlobalData

The Singapore card payments market is forecast to increase at a 7.2% compound annual growth rate (CAGR) to reach SGD209.2 billion ($158.3 billion) in 2029, supported by near-universal bank access, extensive merchant acceptance, and rising use of contactless cards, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the […]
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SEPA Instant will account for 18% of all euro payments by 2035, forecasts Celent, a GlobalData company

The Instant Payments Regulation (IPR) mandating availability of immediate payments for euro-denominated credit transfers is a watershed moment for Europe’s payments market, moving instant transfers from a niche offering to a mainstream expectation. Against this backdrop, SEPA Instant Payments (SCT Inst) are set to account for 18% of all euro payments by 2035, driven by […]
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Vietnam card payments market to surpass $70 billion in 2029, forecasts GlobalData

The Vietnamese card payments market is forecast to register a compound annual growth rate (CAGR) of 9.7% between 2025 and 2029 to reach VND1.8 quadrillion ($70.6 billion) in 2029, supported by improving payment infrastructure, rising banking penetration, and regulatory measures that enhance security and strengthen trust in electronic transactions, forecasts GlobalData, a leading intelligence and […]
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Malaysia card payments market to grow by 6.1% in 2025, forecasts GlobalData

The Malaysia card payments market is forecast to grow by 6.1% in 2025 to reach MYR408.5 billion ($89.3 billion), supported by the increasing adoption of electronic payments. The growth is being underpinned by government-led efforts to build digital payment infrastructure, rising adult banking penetration, wider access to bank accounts and payment cards, and the continuing […]
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Hong Kong card payments to rise 4.5% in 2025, forecasts GlobalData

The Hong Kong (China SAR) payment card market is mature, yet the total card payment value is forecast to grow by 4.5% in 2025 to reach HKD1.32 trillion ($168.4 billion), supported by the ongoing efforts to promote electronic payments and the steady build-out of acceptance infrastructure, according to GlobalData, a leading intelligence and productivity platform. […]
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Thailand card payments to rise by 2.7% in 2025, forecasts GlobalData

Thailand’s total card payments market is forecast to grow by 2.7% in 2025 to reach THB2.3 trillion ($65.4 billion), supported by the expansion of payment acceptance infrastructure, government-led financial inclusion initiatives, and the increasing adoption of contactless payments, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the total […]
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Philippines card payments set to grow 18.8% in 2025, forecasts GlobalData

The Philippines’ card payments market is projected to grow by 18.8% in 2025 to reach PHP4.2 trillion ($72 billion), supported by sustained financial inclusion efforts and improving acquiring infrastructure, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that the total card payment value in the Philippines grew by 20.5% […]
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Singapore card payments market to grow by 6.2% in 2025, forecasts GlobalData

Singapore’s card payments market is forecast to grow by 6.2% in 2025, reaching SGD158.2 billion ($119.6 billion), supported by near-universal bank access, extensive merchant acceptance, and rising use of contactless cards, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that the card payment value in Singapore increased robustly in […]
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Two in five FS organizations got involved with cryptos in H1, showing growing confidence in digital currencies technology, says GlobalData

20% of financial services (FS) industry insiders reported having cryptos as part of their organizations’ core operation in a sentiment poll* conducted globally across GlobalData’s FS news media sites during the first half (H1) of 2025. An additional 20% are expected to follow suit, either having implementation plans in place (6%), or looking into strategies […]
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Agentic and GenAI adoption across capital markets rises but financial institutions temper expectations, finds Celent, a GlobalData company

54% of survey respondents expect to have Agentic AI in production next year GenAI sentiment down YoY as industry focuses on ROI Financial institutions across capital markets indicates respondents are taking a reality check when it comes to expectations around GenAI and Agentic AI. While financial institutions quickly implemented the more straight-forward use cases such […]
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Vietnam card payments market to grow by 5% in 2025 to reach $48.7 billion, forecasts GlobalData

The card payments market in Vietnam is expected to grow by 5% to reach VND1.2 quadrillion ($48.7 billion) in 2025, supported by the constant consumer shift towards non-cash payments. While cash remains dominant, strong government support, growing card penetration, and evolving consumer preferences are supporting the country’s transition to a less cash-dependent economy and reshaping […]
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