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Banking

Revolut’s EUR1 billion investment in France raises concerns over UK FinTech competitiveness, says GlobalData

Following the news that London-based FinTech giant Revolut Ltd plans to invest EUR1 billion in France and relocate its Western European headquarters to Paris; Harry Swain, Banking and Payments Analyst at GlobalData, a leading data and analytics company, offers his view: “Revolut’s shift towards a dual-headquarter model in Paris and Vilnius speaks volumes about the […]
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Indonesia credit and charge card payments market to grow by 3.2% in 2025, forecasts GlobalData

Indonesia’s credit and charge card payments market is expected to register a growth of 3.2% to reach IDR441.8 trillion ($27.9 billion) in 2025. This growth will be driven by the rising consumer spending and increasing consumer preference for cashless transactions. Enhanced by value-added incentives such as cashback offers, flexible repayment options, and installment facilities, the […]
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Italy card payments to hit $443.7 billion in 2025 despite economic headwinds, forecasts GlobalData

The Italy card payments market is expected to grow by 6.6% to reach EUR410.2 billion ($443.7 billion) in 2025 despite global economic uncertainty. This reflects rising consumer preference for electronic payments, supported by government policies, increased contactless adoption, and a shift towards digital banking, according to GlobalData, a leading data and analytics company. GlobalData’s Payment […]
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Australia card acquiring market to hit $700 billion in 2025 as growth set to slow amid global uncertainty, says GlobalData

The Australian card acquiring market is projected to grow by 5.5% to reach AUD1.1 trillion ($713.4 billion) in 2025. Despite this growth, global economic uncertainty linked to recent US tariffs may weigh on momentum, slowing the pace of expansion compared to previous years of stronger performance driven by cashless trends and consumer spending, according to […]
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South Africa card payments to exceed $158 billion in 2025 amid digital surge and inclusion push, forecasts GlobalData

The South African card payments market is on a solid growth trajectory, projected to reach ZAR2.9 trillion ($158.8 billion) in 2025. This momentum is driven by a growing shift toward digital payments, bolstered by enhanced financial inclusion, expanding payment infrastructure, and rising consumer preference for speed, safety, and convenience in everyday transactions, says GlobalData, a […]
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Australia’s credit and charge card payments to near $300 billion in 2025 amid consumer and e-commerce growth, forecasts GlobalData

Australia’s credit and charge card payments market continues to demonstrate resilience and growth, underpinned by rising consumer spending, robust payment infrastructure, and an expanding e-commerce landscape. Enhanced by value-added incentives such as cashback offers, flexible repayment options, and installment facilities, the market is set to maintain an upward trajectory, reaching AUD453.9 billion ($299.7 billion) in […]
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Saudi Arabia card payments to surpass $160 billion in 2025 amid digital shift and policy push, forecasts GlobalData

Saudi Arabia’s card payments market is projected to reach SAR615.5 billion ($164.1 billion) in 2025, driven by a growing shift toward digital transactions and declining cash usage. Strong government support, improved payment infrastructure, and increasing consumer preference for contactless and electronic payments are accelerating this transition, reinforcing the Kingdom’s broader goals of financial inclusion and […]
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UAE card payments to surpass $150 billion in 2025 amid push for cashless economy, forecasts GlobalData

The UAE’s card payments market is set to grow by 10.6% in 2025 to AED565.5 billion ($154 billion), reflecting a clear shift towards electronic payments. Driven by rising consumer preference for digital transactions and strong government support for financial inclusion, this trend signals the country’s steady move towards a cashless economy amid broader digital transformation […]
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US card payments market growth to slow in 2025 amid tariffs and inflationary pressures, forecasts GlobalData

The US card payments market is projected to grow by a modest 2.4% in 2025, reaching $10.8 trillion, as economic uncertainty and rising tariffs weigh on consumer spending. While strong foundations like high card penetration and contactless adoption persist, inflationary pressures and trade disruptions are expected to challenge the market’s resilience and slow its previously […]
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Indonesia’s e-commerce market to surpass $46 billion in 2025, forecasts GlobalData

Indonesia’s e-commerce market is witnessing rapid growth, driven by rising internet penetration, smartphone usage, and a growing middle class. Online shopping festivals, payment innovations, and mobile wallet adoption are fueling consumer demand. Government efforts to boost digital infrastructure and transaction security are further accelerating the shift. Against this backdrop, the market is projected to reach […]
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Malaysia credit and charge card payments market to grow by 6.8% in 2025, forecasts GlobalData

Malaysia’s credit and charge card payments market is expected to register a growth of 6.8% to reach MYR245.7 billion ($53.7 billion) in 2025. This growth will be driven by the rising consumer spending and increasing consumer preference for cashless transactions, reveals GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that credit […]
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Australia card payments market to grow at 6.3% in 2025, forecasts GlobalData

The Australian card payments market is projected to reach AUD1.1 trillion ($726.4 billion) in 2025e, growing at 6.3% compared to the previous year. This growth is driven by the rising consumer spending and increasing consumer preference for cashless transactions, reveals GlobalData, a leading data and analytics company. GlobalData’s report, “Australia Cards and Payments: Opportunities and […]
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Taiwan e-commerce market to grow by 7.9% in 2025, forecasts GlobalData

Taiwan’s e-commerce market is forecast to grow by 7.9% in 2025, continuing its fast-paced growth driven by the ongoing shift of consumer preferences from offline to online shopping, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Taiwan Cards and Payments – Opportunities and Risks to 2028,” reveals that the e-commerce transaction […]
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Malaysia card payments market to surpass $90 billion in 2025 driven by digital shift, forecasts GlobalData

The card payment market in Malaysia is poised for strong growth, projected to reach MYR422.4 billion ($92.6 billion) in 2025, driven by increasing consumer spending and the growing shift towards digital payments. This growth is supported by government initiatives, expanding POS infrastructure, and rising consumer adoption of contactless and credit card payments, positioning the market […]
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American Express and Alipay partnership revolutionizes payment access to international travelers in China, says GlobalData

Following the news that American Express and Alipay have partnered to integrate global AmEx cards to the Alipay digital wallet in China; Jonathan Vaughan Burleigh, Associate Analyst, Banking and Payments at GlobalData, a leading data and analytics company, offers his view: “While it has been possible to link foreign credit cards and debit cards with […]
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