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GlobalData
GlobalData

Banking

New Zealand card payments set for 3.9% growth, driven by shift to contactless and electronic payments, forecasts GlobalData

The New Zealand card payments market is projected to grow at a compound annual growth rate (CAGR) of 3.9% from 2025 to 2029, reaching NZD125.6 billion ($77.1 billion) by 2029. This growth is driven by the continued shift toward electronic payments, the increasing adoption of contactless cards, and a robust digital payments infrastructure that supports […]
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Japan e-commerce payments to surpass $200 billion 2025, forecasts GlobalData

The e-commerce market in Japan is poised for 7.7% growth in 2025, reaching JPY29 trillion ($206.8 billion). This surge is driven by shifting consumer preferences towards online shopping and strong mobile penetration, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, “Japan Cards and Payments – Opportunities and Risks to 2028,” reveals that […]
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Barclays tech outage highlights legacy banking system risks amid rising digital competition, says GlobalData

Barclays, British multinational universal bank, faced a severe 48-hour technical outage (31 January-2 February), disrupting payments and online banking for millions of UK customers. The incident underscores the persistent vulnerabilities of legacy banking systems, despite substantial ICT investments. As digital-native challengers redefine industry standards, traditional banks must accelerate transformation or risk losing relevance in an […]
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Alternative payments account for over half of total e-commerce payments in Australia, reveals GlobalData

Alternative payment methods such as mobile and digital wallets and buy now pay later (BNPL) solutions have reshaped Australia’s e-commerce landscape, overtaking traditional cash and card payments. With a 53% market share in 2024, these digital solutions are driving seamless transactions, fuelling online sales, and reinforcing the sector’s robust growth trajectory, reveals GlobalData, a leading […]
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X needs to overcome significant hurdles to become WeChat of the West in payments, says GlobalData

Elon Musk’s X has taken another bold step toward realizing its super-app ambitions, securing a partnership with Visa to enable a payments push. Branded as X Money, the proposition centers on peer-to-peer (P2P) transactions, aiming to integrate payments seamlessly into the social platform. However, in a competitive payments landscape dominated by established players, turning ambition […]
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CBDC requires interoperability, privacy protection, robust infrastructure, and clear benefits of use to become currency in future, says GlobalData

Retail central bank digital currency (CBDC) development projects continue to face significant hurdles before achieving large-scale implementation. Key challenges include ensuring system interoperability with existing payment methods and currencies worldwide, addressing privacy concerns in advanced economies, and overcoming infrastructure limitations in emerging economies, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
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Nubank dethrones Banco do Brasil as Brazil’s top main bank with digital-first innovation and financial inclusion, says GlobalData

Digital lender Nubank’s ascent to Brazil’s number one bank provider by dethroning Banco do Brasil, the country’s oldest bank founded in 1808, signifies a paradigm shift in the banking industry. By prioritizing digital-first strategies and financial inclusion, the neobank has reshaped consumer expectations, exposing legacy banks’ challenges in user experience and innovation, and setting a […]
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New Zealand credit and charge card payments market to reach nearly $40 billion in 2028, forecasts GlobalData

The New Zealand credit and charge card payments market is forecast to register a compound annual growth rate (CAGR) of 4.4% between 2024 and 2028 to reach NZD64.5 billion ($39.6 billion) in 2028, supported by the constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics […]
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Global economies can save $3.13 trillion annually using AI to detect and prevent money laundering and terrorist financing, finds inaugural Napier AI / AML Index report

Napier AI / AML Index provides insights into 35 countries, highlighting which are stronger and weaker when it comes to stopping money flowing into the shadow economy  Money laundering cost the global economy $5.2 trillion in 2023 alone  Italy, the Czech Republic and Finland rank at the top, respectively, in terms of countries with the […]
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