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GlobalData

Banking

Card payments in Thailand market to surpass $65 billion in 2025 as digital spending accelerates, forecasts GlobalData

Thailand’s card payment market is set to grow by 2.7% to reach THB2.3 trillion ($65.4 billion) in 2025e, driven by growing consumer preference for digital transactions, rising financial inclusion, and robust POS infrastructure. Although cash and PromptPay dominate, card usage, especially credit and charge cards, is gaining momentum, signaling a shift in consumer behavior and […]
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E-commerce and digital trends propel Taiwan credit card payments beyond $150 billion in 2025, forecasts GlobalData

Taiwan’s (Province of China) credit card payments market is projected to grow by 7% in 2025 to reach TWD5 trillion ($156.2 billion), driven by rising consumer preference for non-cash transactions. Growth is supported by expanding e-commerce, contactless payment adoption, and value-added benefits such as cashback and instalments, despite headwinds from global economic uncertainty and the […]
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Credit cards to drive South Korea payment market to over $950 billion in 2025 despite economic slowdown, forecasts GlobalData

South Korea’s card payments market is set to grow by 3.8% in 2025, reaching KRW1.3 quadrillion ($969.8 billion), driven by rising consumer spending. Despite economic challenges, the country’s high card usage, expanding POS infrastructure, and strong preference for credit cards with value-added benefits continue to support digital payment adoption and maintain South Korea’s leadership in […]
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Card payments market in Japan to surpass $890 billion in 2025 as cashless shift gains momentum, forecasts GlobalData

Japan’s card payment market is set to grow 9.6% in 2025f to reach JPY134.9 trillion ($892.5 billion), driven by rising consumer spending and a shift toward digital payments. While cash remains dominant, strong government support, growing card penetration, and evolving consumer preferences are accelerating Japan’s transition to a more cashless economy, reshaping the financial services […]
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Australia payment card market to grow by 5.2% in 2025, forecasts GlobalData

The Australian payment card market (including at POS and ATM cash withdrawals) is expected to grow by 5.2% to reach AUD1.2 trillion ($804.7 billion) in 2025e, supported by constant consumer shift towards non-cash payments, forecasts GlobalData, a leading data and analytics company. GlobalData’s Payment Card Analytics reveals that card payments value (including payments at physical […]
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India’s consumer lending market to surpass $720 billion in 2025 amid rising credit demand, forecasts GlobalData

The consumer lending market in India is expected to grow by 4.9% to reach $724.2 billion in 2025 supported by robust economic growth, urbanization and growing consumer demand for housing, vehicles, and consumer durables. Despite global headwinds, India’s growing middle class, improving disposable incomes, and supportive monetary policies continue to propel credit demand, solidifying the […]
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Digital wallet market in Australia to surpass $130 billion in 2025 amid cashless shift, forecasts GlobalData

Digital wallet adoption is accelerating rapidly in Australia, with transaction values projected to grow by 20.8% in 2025 to reach AUD201.3 billion ($132.9 billion). This surge is fueled by the shift towards cashless payments, rising smartphone usage, and broader acceptance of NFC and QR-based solutions—highlighting the growing role of digital wallets in Australia’s evolving financial […]
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Ireland card payments market to surpass $124 billion in 2025 despite economic headwinds, forecasts GlobalData

The Ireland card payments market is expected to growth by 8.7% to reach EUR114.8 billion ($124.2 billion) in 2025 supported by growing preference for electronic payments. Despite economic headwinds, including new US tariffs, strong banking infrastructure, a declining reliance on cash, and steady debit card use are supporting growth, though momentum may slow amid weakening […]
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Asia-Pacific card payments market to reach nearly $25 trillion in 2025, forecasts GlobalData

The Asia-Pacific (APAC) card payments market is expected to growth by 4.3% to reach $24.7 trillion in 2025 supported by growing preference for electronic payments. Strong growth in markets like China, South Korea, Japan, and Australia is complemented by rising adoption in emerging economies, supported by infrastructure improvements, regulatory initiatives, and expanding financial inclusion across […]
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