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GlobalData
GlobalData

Banking

Gen AI and agentic AI drive next stage in trade finance digitization, says Celent, a GlobalData company

Trade finance remains slowed by manual processes, paper documents, and persistent fraud, delaying operations by days and increasing risk. Emerging generative AI (GenAI) and agentic AI applications offer banks an opportunity to digitize critical workflows, improve efficiency, strengthen risk detection, and enhance customer experience, potentially transforming trade finance operations and creating a competitive edge in […]
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India e-commerce market to surpass $200 billion mark in 2025, forecasts GlobalData

India’s e-commerce market is forecast to grow by 12.5% in 2025, reaching INR17.7 trillion ($211.6 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 payment innovations, reveals GlobalData, a leading […]
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Revolut’s UK banking license delay highlights gap between innovation and regulation, says GlobalData

Revolut’s meteoric rise to over 65 million users across 38 markets underscores how digital-first banks are reshaping global finance. However, the neobank’s wait for a full UK banking license exposes a deeper challenge: how regulators adapt legacy frameworks to fast-scaling fintechs. The Prudential Regulation Authority’s (PRA) caution reflects a broader tension between safeguarding financial stability […]
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Paytm UPI credit line set to reshape India payments market, says GlobalData

Paytm’s recent launch of a credit line on Unified Payments Interface (UPI) is redefining access to short-term credit in India, bypassing traditional cards and accelerating Buy Now, Pay Later (BNPL) adoption. This innovation is set to intensify competition, drive financial inclusion, and reshape the dynamics of India’s fast-growing payments industry, forecast to transform significantly through […]
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Hong Kong (China SAR) payment card market to surpass $230 billion in 2029, forecasts GlobalData

Hong Kong (China SAR) payment card transaction value (including point of sale (POS) payments and ATM cash withdrawals) is expected to reach HKD1.8 trillion ($233.6 billion) in 2029, supported by well-developed banking and payment infrastructure, and the growing preference for contactless payments, reveals GlobalData, a leading data and analytics company. GlobalData’s Payment Card Analytics reveals […]
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India payment cards market to surpass $704 billion in 2025, forecasts GlobalData

India’s payment card transaction value (including point-of-sale (POS) payments and ATM cash withdrawals) is estimated to reach INR59.2 trillion ($704.4 billion) in 2025, supported by growing preference for electronic payments and rise in consumer spending, reveals GlobalData, a leading data and analytics company. GlobalData’s Payment Card Analytics reveals that card payments value (including payments at POS and […]
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Trump’s pension reform puts crypto at the heart of US retirement savings debate, says GlobalData

President Donald Trump’s proposal to permit alternative assets, including cryptocurrencies, within 401(k) retirement accounts signals a landmark shift in the US pension landscape. If enacted, the reform is set to redefine long-term savings by blending traditional investments with high-volatility assets. While potentially appealing to Millennials and Gen Z, the move raises questions about risk management, […]
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Thailand payment card market to reach $164 billion in 2029, forecasts GlobalData

Thailand’s payment card transaction value (including POS payments and ATM cash withdrawals) is expected to reach THB5.8 trillion ($164.6 billion) in 2029, supported by growing preference for digital payments, reveals GlobalData, a leading data and analytics company. GlobalData’s Payment Card Analytics reveals that card payments value (including payments at POS and initiated remotely) in Thailand […]
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Denmark card payments market to surpass $115 billion in 2025, forecasts GlobalData

Denmark’s card payments market is poised to grow by 3.2% and hit DKK798.5 billion ($115.8 billion) in 2025, reflecting sustained consumer preference for electronic transactions. Driven by a fully banked population, near-universal contactless adoption, and strong retail acceptance, the market’s steady growth underscores Denmark’s rapid march toward a cashless economy, despite potential headwinds from global […]
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Taiwan payment card market to surpass $578 billion in 2025 as digital payments gain traction, forecasts GlobalData

Taiwan’s (Province of China) payment card market is projected to grow 3.8% to reach TWD18.6 trillion ($578.3 billion) in 2025e, reflecting a shift from cash to digital payments. Despite ATM withdrawals still accounting for 71% of transaction value, rising POS card usage, contactless innovations, and government initiatives highlight Taiwan’s digital transformation and future opportunities for […]
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China’s credit and charge card payments market to register 2.4% growth in 2025 despite challenges, forecasts GlobalData

China’s credit and charge card payments market is expected to register a growth of 2.4% to reach CNY38.4 trillion ($5.3 trillion) in 2025, after a sluggish performance in the past two years. This growth will be driven by the rising consumer spending and increasing consumer preference for cashless transactions. Enhanced by value-added incentives such as […]
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