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Brexit remains concern despite sentiment growth in UK FS sector

Brexit-driven policy disruptions continue to jolt UK financial service (FS) companies as the looming threat of a no-deal Brexit and its uncertainty have made financial institutions wary of any significant investment, says GlobalData, a leading data and analytics company. Rinaldo Pereira, Senior Analyst at GlobalData, comments: “The mentions of ‘Brexit’ (in all FS company filings) […]
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COVID-19 accelerates e-commerce growth in Malaysia, says GlobalData

The COVID-19 pandemic has disrupted consumer payment space in Malaysia as consumers are gradually switching from offline to online purchases. The closure of physical stores due to lockdown and social distancing measures led consumers to ramp up online shopping, which in turn accelerated the e-commerce market growth in Malaysia, according to GlobalData, a leading data […]
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Alternative payments emerge as mainstream amid COVID-19 in India, says GlobalData

Alternative payments have gained significant prominence among the online shoppers in India with mobile and digital wallets gradually displacing traditional payments such as cash and cards amid COVID-19, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Payments Analytics reveals that the Indian e-commerce market is estimated at be valued […]
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Collapse of tourism in Canada sees payments value growth vanish

COVID-19 has had a profound effect on Canada’s tourism industry. Chinese tourists alone spend around $1.54bn annually, which will be significantly reduced in 2020. However, the gradual reopening of domestic travel will spark a much-needed push to the country’s essential travel and tourism industry, says GlobalData, a leading data and analytics company. Ravi Sharma, Banking […]
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E-commerce surge to continue as it retains consumers beyond COVID-19

The COVID-19 pandemic has provided a boost for e-commerce as it has become the default option for many customers worldwide and it is set to remain the preferred shopping method beyond the pandemic, according to GlobalData, a leading data and analytics company. E-commerce has seen a boost in 2020, particularly in countries where online shopping […]
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Three-fourths of wealth managers in Australia lowering costs to compete with robo-advisors, finds GlobalData

Robo-advisor services are no longer the reserve of the retail segment, as Australia’s rich are increasingly open to digital channels and spreading their fortunes across providers. As a result, more than three-fourths (76%) of Australia’s wealth managers are feeling the pinch and lowering costs to compete with robo-advisors, says GlobalData, a leading data and analytics […]
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Long-term prospects for global payments as consumers shy away from cash

The outlook for the global payments market is positive as consumers shift to electronic tools over cash, according to GlobalData, a leading data and analytics company. GlobalData expects the global economic downturn to hit overall payments revenue, but also present significant opportunities for e-commerce and mobile payments. GlobalData forecasts a decline in electronic payments growth […]
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COVID-19 to drive open banking partnerships

The impact of COVID-19 will amplify the application of open banking in Sweden and other markets, as can be seen by the new partnership between Resurs and Nordic API Gateway, according to GlobalData, a leading data and analytics company. Open banking adoption and understanding can be expected to increase significantly over the next year as […]
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