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Thailand’s National e-Payment Master Plan has opened door to less-cash economy, says GlobalData

Even though cash remains the preferred mode of payment in Thailand, its share in the country is on a gradual decline due to the concerted efforts by the government to promote electronic payments under its National e-Payment Master Plan, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Cards & Payments: Opportunities and […]

Banking

Taiwan’s push for card and mobile-based payments will reduce cash dependency, says GlobalData

While cash remains the preferred payment method in Taiwan, its share in the country’s total payment volume is expected to decline from 69.1% in 2019 to 59.7% in 2023 due to the rising preference for electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Taiwan Cards & Payments: Opportunities and Risks […]

Banking

Affluent population in China to surpass 56 million mark in 2022, says GlobalData

The number of affluent population, including mass affluents (holding liquid assets of US$50,000–1m) and High-net-worth (HNW) population (holding liquid assets of more than US$1m), is expected to grow from 40.13 million in 2018 to 56.67 million in 2022, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘China Wealth Management: Opportunities and […]

Banking, Press Release

US$8.6 trillion of global HNW wealth will change hands over the next ten years

The sheer volume of high-net-worth (HNW) wealth changing hands over the next ten years will open the door for significant churn in the industry, warns GlobalData, a leading data and analytics company. The demographic makeup of the global HNW market differs notably from the wider population, given the above-average age of HNW individuals. According to […]

Banking

Alternative payments account for 23.2% of total e-commerce transaction value in New Zealand in 2019, says GlobalData

Alternative payments are strengthening their place at the core of New Zealand’s e-commerce market as their transaction value share has grown from 17.2% in 2015 to 23.2% in 2019, according to GlobalData, a leading data and analytics company. This is much higher than bank transfers (13.2%) and cash (2.9%), although payment cards continue to dominate […]

Banking

Financial instability and hyperinflation are driving a shift to electronic payments in Venezuela, says GlobalData

Venezuela is currently undergoing an economic crisis due to declining global oil prices, over-reliance on oil exports and the government’s restricted fiscal policy. Amid political and economic turmoil, non-cash payments in the country are growing rapidly, with payment cards leading the way, says GlobalData, a leading data and analytics company. The company’s report, Payments Landscape […]

Banking

Czech Republic embracing contactless payment technology supported by wide merchant acceptance and improved infrastructure, says GlobalData

Czech consumers are adopting contactless payments in ever-increasing numbers, with almost every individual now holding a contactless card, says GlobalData, a leading data and analytics company. GlobalData’s latest report, Payments Landscape in the Czech Republic: Opportunities and Risks to 2022, reveals that the number of contactless cards in the Czech Republic is set to increase […]

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Thailand’s National e-Payment Master Plan has opened door to less-cash economy, says GlobalData

Taiwan’s push for card and mobile-based payments will reduce cash dependency, says GlobalData

Affluent population in China to surpass 56 million mark in 2022, says GlobalData

US$8.6 trillion of global HNW wealth will change hands over the next ten years

Alternative payments account for 23.2% of total e-commerce transaction value in New Zealand in 2019, says GlobalData

Financial instability and hyperinflation are driving a shift to electronic payments in Venezuela, says GlobalData

Czech Republic embracing contactless payment technology supported by wide merchant acceptance and improved infrastructure, says GlobalData

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