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Losses in tourism sector will hit Brazilian payments industry hard, says GlobalData

Huge losses to Brazil’s tourism sector and rising unemployment caused by COVID-19 will fundamentally change the payments landscape, says GlobalData, a leading data and analytics company. Brazil will see a rise in bank account penetration and increased usage of digital channels. This allows previously unbanked consumers to receive financial aid and avoid cash, which could […]

Banking

Netherlands set to record slight transaction value growth as consumers move away from cash

The Netherlands declining cash usage is set to accelerate as COVID-19 will have a profound effect on consumer spending, according to GlobalData, a leading data and analytics company. GlobalData has revised its forecasts for the Netherlands total transaction value. While the country is still expected to see growth of 0.9% compound annual growth rate (CAGR) […]

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Brazil’s credit card balance growth expected to soar in 2021, with forecasts adjusted from 5.8% to 13.5% following COVID-19, says GlobalData

Brazilian banks are dependent on whether the government can preserve businesses, as the country’s already weak economy has been hit hard by COVID-19, says GlobalData, a leading data and analytics company. The government has made guarantees to SMEs, but earnings challenges will still intensify for banks due to weaker business volumes and rising loan impairment […]

Banking

Banks should turn to sustainability amid COVID-19 pandemic, says GlobalData

Amidst these COVID-19 times, banks should use the current lockdown to reflect on their strategies by refocusing on sustainability including Environmental, Social, and Governance (ESG), says GlobalData, a leading data and analytics company. The largest driver of sustainability is the rise of millennial and Gen-Z buying power in financial services, two generational cohorts that will […]

Banking

Digital challenger bank Bo’s failure underlines need to be independent from parent, says GlobalData

The Royal Bank of Scotland (RBS’s) digital challenger bank, Bo, has closed down after just five months. Incumbent banks aren’t predetermined to fail in building a challenger to take on Monzo, the UK-based online bank. To have a successful run, banks need to let them be free to innovate and create their own brands, says GlobalData, a […]

Banking

Consumer optimism in Italy grows as lockdown is relaxed and wealth managers hope for rebound in 2021, says GlobalData

Italian investors’ preference for safe-haven products will provide a slight cushion to the upcoming 2020 crash. The Italian economy has been shrinking for several years, having a negative impact on the country’s savings and investment market, though it is still expected to show slight growth in 2020. This year will not be the most fruitful […]

Banking

Consumer lending in Malaysia to slow down due to COVID-19 pandemic, says GlobalData

The Malaysian consumer lending market is expected to register slowdown in 2020 amidst the coronavirus (COVID-19) outbreak, as per the latest revised post-COVID-19 data published by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Global Retail Banking Analytics reveals that consumer loans, which registered a healthy compound annual growth rate (CAGR) of […]

Banking

Spain’s retail deposits to spike as consumers prioritize safety, says GlobalData

Despite the COVID-19 outbreak, the Spanish retail savings and investment market in 2020 is expected to witness growth as per the revised forecasts. However, this growth is mainly attributed to the increases in the retail deposits. The country has been hit harder than most European countries, due to severe infection rates and an already frailed […]

Banking

COVID-19 outbreak will further push non-cash payments in South Korea

The South Korean economy as a whole and specifically payments are seeing their organic move to a more digital space pushed up a notch due to COVID-19 thereby reducing the dependency on cash, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Instrument Analytics reveals that the share of cash […]

Banking

COVID-19 outbreak will drive digital payments in Hong Kong, says GlobalData

As shoppers and consumers across Hong Kong continue to adjust to social distancing measures due to health concerns amid coronavirus (COVID-19) outbreak, cash payments are set to decline and card payments will rise over the next four years, says GlobalData, a leading data and analytics company. GlobalData’s revised-forecasts for card transactions in Hong Kong predict […]

Banking

COVID-19 to further drive e-commerce payments in India, says GlobalData

The growth of Indian e-commerce market has been revised up, considering the positive push due to coronavirus (Covid-19) outbreak, according to estimates by GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that e-commerce market in India is set to grow at a compound annual growth rate (CAGR) of 19.6% […]

Banking

Severe COVID-19 impact could see long-term consolidation of Australian banking market, says GlobalData

The quarterly profits of the Australian banks will be significantly down and an enduring squeeze on smaller players could result in the long-term consolidation of the market, according to GlobalData, a leading data and analytics company. Resham Karira, Retail Banking Analyst at GlobalData, comments: “Government support, particularly the cheap funding, will help, but it can […]

Banking

Lack of consumer spending and fear of cash hit Ireland’s payments industry, says GlobalData

Ireland’s payments sector is feeling the impact of COVID-19 as cash payments have declined by 57% in the month to the first week of April 2020. According to the revised payments market forecasts on the country, the total value of payments are expected to rise at a compound annual growth rate (CAGR) of 3.3%, down […]

Banking

UK consumers look to savings, not loans, as the country faces confidence crisis, says GlobalData

The UK banks are set for a tough period as few consumers are willing to take the risk of availing loans despite the banks having an abundance of funding, says GlobalData, a leading data and analytics company. The sudden change in the lives of millions of people has prompted many to draw a gloomy view […]

Banking

Barclays is top financial adviser in power sector by deal value in Q1 2020

Barclays is the top financial adviser for mergers and acquisitions (M&A) deals in the power sector by deal value in Q1 2020, having advised on four deals worth US$9.62bn, according to GlobalData, a leading data and analytics company. GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world, confirmed that […]

Banking

US mortgage balances to register negative growth in 2020 due to COVID-19

A rise in delinquency rates from out of work consumers, less demand for house buying and tighter mortgage restrictions will lead to the US market shrinking in 2020, according to GlobalData. The data analytics company forecasts -0.9% growth in mortgage balances for 2020, compared to the previous 3%. Consumers being unable and unwilling to view […]

Banking

German economy set to support retail savings market better than most European counterparts

Substantial deposit holdings will shield Germany’s retail savings and investment market from contraction, as GlobalData’s post-COVID-19 forecasts shows slight growth in 2020. GlobalData’s forecasts for the total size of the investment market have been revised down from 2.5% initially, to 1.4% post-COVID-19, in 2020. This compares favorably to most other European countries, with negative growth […]

Banking

Economic lockdown and high debt holdings will put Italian banks at risk

Italian banks are set to see a rise in delinquency rates from out-of-work consumers and falls in mortgage balances, as the COVID-19 pandemic is having a severe impact on the country, says GlobalData, a leading data and analytics company. Resham Karira, Retail Banking Analyst at GlobalData, says: “Mortgage balances are expected to be hit particularly […]

Banking

French investors to move wealth from risky assets to deposits

Risky assets are set to suffer the most in France as total retail and savings investment is forecast to see negative growth in 2020 for equity holdings, according to GlobalData, a leading data and analytics company. COVID-19 is having a major impact on the French economy, as it contracted by 6% over Q1 2020, and […]

Banking

COVID-19 impact will see UK investors move to safer retail deposits, says GlobalData

Retail investors in the UK will gravitate towards deposits and away from riskier high-yielding assets, according to leading analytics company, GlobalData. GlobalData’s report, ‘COVID-19 Sector Impact: Retail Savings & Investments – The UK’, reveals that equity balances are expected to fall by 18% in 2020 alone while retail deposit balances grow by 5%. While the […]

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Losses in tourism sector will hit Brazilian payments industry hard, says GlobalData

Netherlands set to record slight transaction value growth as consumers move away from cash

Brazil’s credit card balance growth expected to soar in 2021, with forecasts adjusted from 5.8% to 13.5% following COVID-19, says GlobalData

Banks should turn to sustainability amid COVID-19 pandemic, says GlobalData

Digital challenger bank Bo’s failure underlines need to be independent from parent, says GlobalData

Consumer optimism in Italy grows as lockdown is relaxed and wealth managers hope for rebound in 2021, says GlobalData

Consumer lending in Malaysia to slow down due to COVID-19 pandemic, says GlobalData

Spain’s retail deposits to spike as consumers prioritize safety, says GlobalData

COVID-19 outbreak will further push non-cash payments in South Korea

COVID-19 outbreak will drive digital payments in Hong Kong, says GlobalData

COVID-19 to further drive e-commerce payments in India, says GlobalData

Severe COVID-19 impact could see long-term consolidation of Australian banking market, says GlobalData

Lack of consumer spending and fear of cash hit Ireland’s payments industry, says GlobalData

UK consumers look to savings, not loans, as the country faces confidence crisis, says GlobalData

Barclays is top financial adviser in power sector by deal value in Q1 2020

US mortgage balances to register negative growth in 2020 due to COVID-19

German economy set to support retail savings market better than most European counterparts

Economic lockdown and high debt holdings will put Italian banks at risk

French investors to move wealth from risky assets to deposits

COVID-19 impact will see UK investors move to safer retail deposits, says GlobalData

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