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Analyst Opinions
POLi – Competitor Profile
POLi is an online payment solution offered by POLi Payments. Launched in 2006, it is currently available in Australia and New Zealand. The solution offers online banking-based payment services and is used to make payments to online retailers, utility service providers, airline operators, and government agencies. The solution allows users to pay for online purchases directly from their bank account without the need for a payment card. Merchants receive instant payment acknowledgment, allowing them to immediately supply goods or services...
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Sector Analysis
Instant Payments: A Global View
"Instant Payments: A Global View", report contains an in-depth review of instant payment systems around the world, including analysis of the key systems currently in place, and their strengths and weaknesses. Instant payment systems are becoming increasingly prevalent worldwide, as central banks and other national bodies react to the drastic increase in electronic payment volume that has taken place over the past decade. The “instant” payment aspect of these new systems is also derived from consumer demand for instant gratification,...
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Analyst Opinions
Wearable Payments: Sizing the Opportunity
The wearable payments market is still very much in its infancy, with most companies in this space still experimenting with form factors and functionality. Apple has emerged as a frontrunner with its payments-capable Apple Watch, but it is far from the only high-profile company in this space. With the market in its current state it is far too early to call Apple’s first-mover advantage decisive, and while this space is likely to see a lot of attention and investment in...
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Sector Analysis
The Cards and Payments Industry in Australia: Emerging Trends and Opportunities to 2020
GlobalData’s 'The Cards and Payments Industry in Australia: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Australian cards and payments industry, including: • Current and forecast values for each market in the Australian cards and payments industry, including debit, credit and charge cards. • Detailed insights into payment instruments including direct debit, credit transfers, cash transactions, checks and payment cards. It also includes an overview of the country's key alternative payment instruments....
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Sector Analysis
The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2021
GlobalData’s 'The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the UK's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, check payments, payment cards and cash transactions during the review period (2012–2016). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number...
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Analyst Opinions
Alternative Payment Solution: POLi
POLi is an online payment solution offered by POLi Payments. Launched in 2006, it is currently available in Australia and New Zealand. The solution offers online banking-based payment services and is used to make payments to online retailers, utility service providers, airline operators, and government agencies. The solution allows users to pay for online purchases directly from their bank account without the need for a payment card. Merchants receive instant payment acknowledgment, allowing them to immediately supply goods or services...
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Sector Analysis
Australian Retail Deposits 2019: Review, Forecasts, and Future Opportunities
The Australian retail deposits market has been characterized by weaker growth of 5% in 2019 (A$1,168bn [$764bn]) compared to previous years and is forecast to grow close to that level until 2023. Weak GDP growth and poor consumer sentiment have persuaded consumers to save rather than spend, despite falling interest rates. The shrinking gap between deposits products has led to a market preference for on-demand deposits over term deposits. Meanwhile, fee income has fallen for the first time in years,...
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Company Insights
Competitor Profile: UBank
UBank is a digital-only bank that is a wholly owned but separately operated division of National Australia Bank. Founded by Gerd Schenkel in 2007, UBank has recently seen more than 10,000 new customers joining per month, growing 40% in the two years to September 2019. The bank has an app, though some features are not available on Android, while it also has a website and a seven-day telephone service. UBank also claims that its customer advocacy levels are the highest...
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Company Insights
Competitor Profile: Up
Up is a mobile-only Australian bank and the creation of a collaboration between software company Ferocia and Bendigo and Adelaide Bank. The bank is currently growing at around 500-1,000 customers per day and is aimed at under-35-year-olds. The team behind Up has taken inspiration from UK challenger banks and personal financial management tools such as Monzo and Cleo, offering a wide array of new features to the Australian market such as Savers, which are similar to Monzo’s “Pots.” Up is...