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Australia will see rise in card payments with gradual easing of lockdown restrictions, says GlobalData

Australia is among the few countries globally that has been successful in combating the COVID-19 outbreak so far. With the government now easing lockdown restrictions, a rise in consumer and commercial spending is expected, which in turn will drive card payments, according to GlobalData, a leading data and analytics company. According to GlobalData revised forecasts, […]

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Mortgage market to see short-term hit as consumer spending plummets

Severe economic disruption caused by COVID-19 will see a short-term hit for the UK mortgage market, but payments holidays should keep it afloat and see growth from 2021, says GlobalData, a leading data and analytics company. GlobalData retail banking analyst, Resham Karira, commented: “GlobalData expects the UK’s GDP to decline in 2020 due to severe […]

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Brazil’s struggling economy sees consumers turn to safer investments, says GlobalData

Brazilians are seeking the shelter of retail deposits, as its already weak economy has been shaken by the COVID-19 crisis, according to GlobalData. The pandemic has brought its economy to a standstill, which has caused sharp declines in the financial markets GlobalData’s senior wealth management analyst, Heike Van Den Hoevel, commented: “The ongoing loss of […]

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Switzerland’s retail savings and investment market to recover quickly from COVID-19 impact, says GlobalData

The Swiss retail savings and investments market will see a slight downturn in 2020, with retail equity and mutual fund holdings taking the brunt of the economy’s slowdown, according to GlobalData. GlobalData forecasts double-digit growth declines for both retail equity and mutual fund holdings, of 17.2% and 11.1% respectively. However, retail equity holdings are expected […]

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Payment industry in Asia remains attractive for venture capital investors amid COVID-19, finds GlobalData

Consumers across the globe are embracing digital payments more than ever during the COVID-19 pandemic. Against this backdrop, payment industry in the Asia-Pacific (APAC) region remains attractive for venture financing (VF), according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Smart Money Investing in the Financial Services Industry Q1 2020’, reveals that […]

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Bad loans and high delinquency rates set to make French banking industry suffer

Forecasts for mortgage balances in France show a decline of 5.8% in 2020, down from 4.9% growth previously, as the COVID-19 pandemic continues to cause disruption. It is expected that it will take until 2021 for the market to register growth again, as it forecasts a further 1.3% decline in 2021, according to GlobalData, a […]

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COVID-19 will not have a significant long-term effect on Ireland’s banking sector

The pandemic will disrupt mortgage and consumer lending in the short-term but these will ultimately recover by 2023, says GlobalData, a leading data and analytics company. GlobalData’s forecasts for the sector see total consumer loans declining by 2.8% in 2020, athough that is slower negative growth than the -3% previously forecast. Similarly, it is expected […]

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Sweden’s diverse investments market set for large contraction

Sweden’s retail investment mix is well diversified compared to other markets, meaning high allocations in equities and mutual funds will lead to significant contractions in 2020, says GlobalData, a leading data and analytics company. GlobalData expects the overall retail savings and investments market to decline by 5.4% in 2020, compared to the company’s pre-COVID-19 forecast […]

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Belgian’s retail savings and investments to contract as economy comes to a standstill

Low consumer confidence in Belgium will see retail deposits account for a higher proportion of total savings and investments, as recession looms, says GlobalData, a leading data and analytics company. GlobalData expects the overall market value to remain flat with 0.8% growth forecast in 2020, compared to the 1.9% pre-COVID-19 growth forecast, which is a […]

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AXA’s diversified book and regional spread will lead to mixed results post-COVID

AXA having operations across most business lines will lead the company to mixed results following COVD-19. The firm has lower levels of exposure in travel and business interruption, which will help the insurer, but its high levels of life insurance leave it exposed to increased claims, according to GlobalData GlobalData insurance analyst, Deblina Mitra, commented: […]

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COVID-19 hits Spain’s struggling banking sector as forecast shows mortgage outstanding balances to decline by 4.7% in 2020

Consumer loans, credit card loans and mortgage lending are expected to plummet in 2020 as consumers shy away from taking on debt, according to GlobalData, a leading data and analytics company. However, retail deposits are expected to rise for the same reason, and it has been forecasted that total retail deposit balances are to increase […]

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Rise in e-commerce and contactless payments will support card payments growth in New Zealand, says GlobalData

Card payments in New Zealand will continue to rise at the expense of cash amid COVID-19 outbreak, though at a slower pace, says GlobalData, a leading data and analytics company. GlobalData’s revised-forecasts for New Zealand predict that card payments will increase at a compound annual growth rate (CAGR) of 1.8% from NZ$89.5bn (US$60.3bn) in 2019 […]

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Global payments industry deals total $2.26bn in April 2020

Total payments industry deals for April 2020 worth $2.26bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 112.2% over the previous month and a drop of 49.8% when compared with the last 12-month average of $4.51bn. In terms of number of deals, the sector saw a drop of 38.5% […]

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Financial markets collapsing will hit US’s high-risk portfolios hard

The US’s strong reliance on the riskier investments of equities and mutual funds will lead to a sharp decline in 2020 as the economy falls into recession. Forecasts show that the total market value is to decline by 15.1% in 2020, down from growth of 1.7% predicted before the pandemic, according to GlobalData, a leading […]

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E-commerce sales in Singapore to accelerate further due to COVID-19, says GlobalData

Singapore, one of the fastest growing e-commerce markets in South East Asia, has experienced a surge in e-commerce transactions post the outbreak of COVID-19 pandemic. The rise in consumer preference for online purchases during the outbreak will have a long-lasting effect on the country’s e-commerce market, according to GlobalData, a leading data and analytics company. […]

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Travel insurers face extended disruption after summer holidays cancellations

Travel insurers will face severe disruption as holiday cancellations will continue well beyond the end of national lockdowns. GlobalData’s 2019 UK Insurance Consumer Survey found that 86.0% of respondents cited that their reason for purchasing travel insurance was for holidays. Although lockdown measures are being eased, travel disruption continues. A large proportion of flights are being […]

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Ireland’s retail savings and investment market to decline in 2020 as economy struggles with COVID-19 impact, says GlobalData

Ireland’s total retail savings and investments market is set to shrink by 5.3% in 2020 against the previous forecast of 4.3% growth due to the impact of COVID-19, according to GlobalData, a leading data and analytics company. According to GlobalData, unemployment rate will reach 25% in the second quarter (Q2) of 2020. The country is […]

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Swedish banks set for short-term hit but government measures will ensure recovery, says GlobalData

The Swedish Governments’ comprehensive financial packages should ensure its banking sector is relatively insulated from the level of damage felt in other countries, says GlobalData. GlobalData’s expects residential mortgage lending to collapse in Sweden over the next few months. It forecasts negative growth of -1.8% in 2020, compared to 5.2% growth in pre-COVID-19 forecasts. However, […]

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Sweden’s move to contactless payments will be accelerated by COVID-19, says GlobalData

The already popular contactless payments will see a sharp surge in usage in Sweden, though the overall decline in consumer spend will see payment companies lose out, says GlobalData, a leading data and analytics company. GlobalData’s 2019 Banking and Payments Survey found that travel and accommodation accounted for 21% of the country’s total debit card […]

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Belgium’s soaring unemployment rate to hit its payments industry, says GlobalData

The severe impact of the virus in Belgium has led to a large-scale unemployment, which will result in declining consumer disposable income and expenditure, says GlobalData, a leading data and analytics company. According to the National Employment Office, nearly 98,000 workers in Brussels – 30.1% of the region’s wage earners – have applied for temporary […]

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Australia will see rise in card payments with gradual easing of lockdown restrictions, says GlobalData

Mortgage market to see short-term hit as consumer spending plummets

Brazil’s struggling economy sees consumers turn to safer investments, says GlobalData

Switzerland’s retail savings and investment market to recover quickly from COVID-19 impact, says GlobalData

Payment industry in Asia remains attractive for venture capital investors amid COVID-19, finds GlobalData

Bad loans and high delinquency rates set to make French banking industry suffer

COVID-19 will not have a significant long-term effect on Ireland’s banking sector

Sweden’s diverse investments market set for large contraction

Belgian’s retail savings and investments to contract as economy comes to a standstill

AXA’s diversified book and regional spread will lead to mixed results post-COVID

COVID-19 hits Spain’s struggling banking sector as forecast shows mortgage outstanding balances to decline by 4.7% in 2020

Rise in e-commerce and contactless payments will support card payments growth in New Zealand, says GlobalData

Global payments industry deals total $2.26bn in April 2020

Financial markets collapsing will hit US’s high-risk portfolios hard

E-commerce sales in Singapore to accelerate further due to COVID-19, says GlobalData

Travel insurers face extended disruption after summer holidays cancellations

Ireland’s retail savings and investment market to decline in 2020 as economy struggles with COVID-19 impact, says GlobalData

Swedish banks set for short-term hit but government measures will ensure recovery, says GlobalData

Sweden’s move to contactless payments will be accelerated by COVID-19, says GlobalData

Belgium’s soaring unemployment rate to hit its payments industry, says GlobalData

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