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Payment cards continue to dominate Taiwan e-commerce market, reveals GlobalData

Payment cards remain the preferred payment method for online purchases in Taiwan (Province of China), collectively accounting for 53.6% share in total e-commerce payments in 2023, finds GlobalData, a leading data and analytics company. According to GlobalData’s 2023 Financial Services Consumer Survey*, around 94% Taiwanese consumers reported having shopped online in the past six months, […]
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Payment cards continue to lead e-commerce payments in South Korea with 54% share, reveals GlobalData

Payment cards remain the most preferred payment tool for e-commerce purchases in South Korea, collectively accounting for over half (54%) of the total e-commerce payments in 2023, signifying a strong preference for secure and convenient transactions among the online shoppers, finds GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that the e-commerce […]
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Card payments in Taiwan to grow by 14% in 2024, estimates GlobalData

The Taiwan card payments market is forecast to grow by 14% to reach TWD5.2 trillion ($167.6 billion) in 2024, supported by a constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payment value in Taiwan registered a growth of 13.9% in 2022, […]
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Malaysia e-commerce payments to grow by 12.8% in 2024, reveals GlobalData

The Malaysia e-commerce market is anticipated to surge by 12.8% in 2024, driven by the ongoing shift of consumer preferences from offline to online shopping, finds GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Malaysia e-commerce market registered 15% growth in 2023 to reach MYR44.6 billion ($9.8 billion), as consumers increasingly […]
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Alternative payments account for over 40% of Hong Kong e-commerce payments in 2023, reveals GlobalData

Alternative payment solutions are the preferred payment method for e-commerce purchases in Hong Kong (China SAR), collectively accounting for 41.7% share in 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that e-commerce market in Hong Kong grew by 9.2% in 2023 to reach HKD158.3 billion ($20.2 billion), as increasing number […]
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Top 50 APAC firms amass over $650 billion in MCap in Q1 2024, reveals GlobalData

The Asia-Pacific (APAC) region, which includes several of the world’s fastest-growing economies, performed strongly in the first quarter of 2024. This led to an increase in the market capitalization (MCap) of companies within the region. China moving away from lockdowns, strong domestic demand in India and Indonesia, and better-than-expected corporate earnings across the region led […]
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