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Mobile wallet adoption and usage growing rapidly in Asia-Pacific region, reveals GlobalData

Mobile wallet adoption and usage is growing at a fast pace in the Asia-Pacific region, supported by accelerated consumer shift towards non-cash payment methods, reveals GlobalData, a leading data and analytics company. Asian-Pacific markets have been actively promoting mobile wallets, placing them ahead of their Western counterparts. While already popular in countries like India and […]
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Real-time cross-border payments see widespread adoption amid G20 challenges, says GlobalData

Real-time cross-border payments are gaining significant momentum as global consumers increasingly rely on them for seamless transactions. Many consumers rely on them to send money to family and friends, while others use them to purchase goods, underscoring their growing importance in the international economy. However, despite the progress, challenges persist in meeting G20 targets for […]
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Thailand credit and charge card payments market to grow by 7.1% in 2024, forecasts GlobalData

Thailand’s credit and charge card payments market is on a growth trajectory and is forecast to grow by 7.1% in 2024 to reach THB2.2 trillion ($62.1 billion), supported by growing consumer preference for electronic payments and developing payment infrastructure, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that credit […]
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Alternative payment methods surge in popularity for online purchases in Philippines, reveals GlobalData

While cash remains the preferred payment method for online purchases in the Philippines, alternative payments are increasingly being preferred. Alternative payment solutions collectively accounted for over one-third share in the overall e-commerce payments in 2023, reveals GlobalData, a leading data and analytics company. According to GlobalData’s 2023 Financial Services Consumer Survey*, 88.2% Filipino consumers reported […]
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Payment cards dominate e-commerce payments in Australia, reveals GlobalData

Payment cards are the most are the preferred payment method for e-commerce purchases in Australia, collectively accounting for 50.6% share in 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Australian e-commerce market is estimated to register 8.3% growth in 2024 to reach AUD77.2 billion ($51.3 billion), as consumers increasingly […]
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Card payments in Singapore to grow by 14.3% in 2024, forecasts GlobalData

The Singapore card payments market is forecast to grow by 14.3% to reach SGD162.1 billion ($120.7 billion) in 2024, supported by a constant consumer shift towards non-cash payments, says GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payments value in Singapore registered a growth of 20.9% in 2022, driven […]
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Japan card payments market to grow by 10.8% in 2024, forecasts GlobalData

The Japan card payments market is forecast to grow by 10.8% in 2024 to reach JPY121.4 trillion ($866.8 billion), supported by the growing consumer preference for non-cash payments, forecasts GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payment value in Japan registered a growth of 15.8% in 2022, driven […]
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