GlobalData
GlobalData

Banking

Freshfields Bruckhaus Deringer and CMS were top M&A legal advisers by value and volume in Europe for 2020

Freshfields Bruckhaus Deringer and CMS were the top mergers and acquisitions (M&A) legal advisers in Europe for 2020 by value and volume, respectively. Freshfields Bruckhaus Deringer advised on 76 deals worth US$157.8bn, which was the highest value among all the advisers. Meanwhile, CMS led in volume terms having advised on 244 deals worth US$18bn. A […]
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Indonesia’s e-commerce market continues to surge amid COVID-19 pandemic, says GlobalData

Indonesia is a promising e-commerce market in Asia-Pacific, with several local and global players competing in the market. Rising Internet penetration, increasing digitalization and the proliferation of websites have been driving e-commerce growth. The COVID-19 pandemic has further accelerated e-commerce sales in Indonesia, according to GlobalData, a leading data and analytics company. An analysis of […]
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Vietnam’s e-commerce market to reach US$13.1bn in 2020, says GlobalData

Vietnam is one of the fastest growing e-commerce markets in the Asia-Pacific region, driven by young population, growing middle class, growing Internet penetration and rising smartphone penetration. The COVID-19 pandemic and the subsequent social distancing measures have further accelerated the e-commerce growth. As a result, e-commerce sales in the country are set to grow by […]
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Card payments in Vietnam to slowdown in 2020 as consumer spending plummets, says GlobalData

COVID-19 had impacted the Vietnam’s economy with reduced consumer spending, affecting the overall growth of the card payments market. The gradual reopening of businesses and easing of lockdown restrictions will provide the much-needed push to the country’s economy, which will positively impact the payment industry, says GlobalData, a leading data and analytics company. According to […]
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COVID-19 accelerates e-commerce growth in Taiwan, says GlobalData

E-commerce sales have been on a consistent growth trajectory for the last few years in Taiwan. The ongoing COVID-19 pandemic and the subsequent social distancing measures undertaken by the government have further accelerated the e-commerce growth in the country, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals […]
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Easing of travel restrictions to provide much needed push to card payments in Thailand, says GlobalData

COVID-19 has had a profound effect on the Thailand tourism industry with reduced tourism spending. However, the gradual reopening of travel will provide the much-needed push to the country’s economy, which in turn will positively impact the country’s payment industry, says GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, card […]
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COVID-19 accelerates e-commerce growth in South Korea, says GlobalData

South Korea is one of the most developed e-commerce markets globally. The ongoing COVID-19 pandemic and the subsequent lockdown and social distancing measures undertaken by government have further accelerated e-commerce sales in the country, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that the country’s e-commerce market […]
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Banks should allow branch design teams to experiment to develop a proposition that attracts young customers, says GlobalData

Banks have previously been too conservative in sticking to their core brand image, but innovative design can be key to attracting younger customers in a post-pandemic world, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Forming an Early Connection: Insight into Children’s Banking’, shows that breaking away from traditional branding can yield […]
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Post-COVID-19 consumers will remain anxious going forward, says GlobalData

The outlook of consumers around the world is improving, but significant concern remains that will depress consumer credit demand and risk appetite well into the post-pandemic recession, according to GlobalData. Andrew Haslip, Head of Wealth Management at GlobalData, comments: “GlobalData tracked consumers around the world during the main lockdown periods, and found that consumers’ view […]
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Card payments continue to rise in Malaysia amid COVID-19, reveals GlobalData

Malaysia has traditionally been a cash-dominant society. However, the COVID-19 pandemic has accelerated Malaysia’s push towards electronic payments, with card payments at point of sale (POS) terminals continuing to rise, according to GlobalData, a leading data and analytics company. According to GlobalData estimates, card payments in Malaysia will grow by 4.3% to reach MYR214.4bn (US$52.4bn) […]
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