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Company Insights
NewPhonePe – Competitor Profile
PhonePe is one of the most widely adopted mobile wallets in India, with over 520 million users. The company was founded as a fintech startup in late 2015; by April 2016, PhonePe was operating as a subsidiary of ecommerce platform Flipkart. With heavy financial backing from Flipkart, the mobile wallet service flourished. In 2020, US retail giant Walmart (the owner of Flipkart) decided to spin off PhonePe to operate as a separate entity (a process that was completed in December...
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Product Insights
Innovation in Payments – Reward Programs, Payment Loyalty by Region and Consumer Attitudes
Innovation in Payments Report Overview Loyalty programs have developed from a simple, unique premise to complex, omnichannel, and personalized programs. Reward points are a key method providers use to attract new customers. Such programs encourage switching, cross-selling, and retention. Most reward programs are focused on either cashback or points. The innovation in payments report covers the latest innovations by businesses in the payment sector pertaining to reward programs, payment loyalties by region, and consumer attitudes toward loyalty. Furthermore, this report...
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Company Insights
Paytm – Competitor Profile
Paytm is the leading alternative payment solution in India. Owned by One97 Communications, it initially began its operations as a prepaid mobile and direct-to-home (DTH) recharge platform in India in 2010. In 2014, the company launched Paytm Wallet, which can now be used for both online and in-store payments. Funds can be loaded to the wallet via online banking, debit cards, and credit cards. Initially used only on Paytm’s own online marketplace for ecommerce and bill payments, the wallet is...
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Company Insights
Visa – Enterprise Tech Ecosystem Series
Visa has been focusing on using technologies like AI, cybersecurity, blockchain, cloud, and big data to enhance operations and improve customer service. The annual ICT spending of Visa was estimated at $3.6 billion in 2022. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. It is a global digital payment technology company catering to individual and commercial clients, financial institutions, government entities, and merchants. It facilitates global ecommerce through digital payments and...
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Sector Analysis
India Cards and Payments – Opportunities and Risks to 2026
India Cards and Payments Market Report Overview The India cards and payments market size was valued at $263.5 billion in 2022 and is expected to achieve a CAGR of more than 18% during 2022-2026. Cash use is gradually declining in India because of government initiatives, bank efforts, and growing consumer confidence in electronic payments. The government has taken several steps to bring more of the population under the purview of the banking system, as well as to promote electronic payments....
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Analyst Opinions
Green Business – How Carbon Management is Helping Enterprises Tackle Climate Change
Carbon Management Market Overview Carbon management, from an enterprise perspective, is an organized approach that combines various practical, cost-effective technologies and practices to reduce CO2 emissions and make the low-carbon future a reality. The green business - how carbon management is helping enterprises tackle climate change report showcases how enterprises are quickly capitalizing on carbon management technologies for carbon assessment, capture, recycling, trading, and other use cases to make the low carbon future a reality. It presents real-world innovation use...
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Company Insights
Life Insurance Corporation of India 2022 – Digital Transformation Strategies
Life Insurance Corporation of India (LIC) has been focusing on using artificial intelligence & machine learning, mobile technologies and cloud to digitally transform its operations. The annual ICT spending of LIC was estimated at $4.7 billion for 2021. A major share of this spending is earmarked for acquiring software, hardware and consulting services from vendors. LIC is a provider of life insurance plans. The company offers endowment plans, money back plans, term assurance plans, pension plans, unit-linked plans, group schemes,...
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Analyst Opinions
Instant Payments Market Analysis, Key Trends, Strategies, and Future Implications, 2022
The global instant payment transaction volume reached 70.4 billion in 2020. It is expected to grow at a CAGR of over 30% by 2024. Instant payment technology is gradually being adopted by most countries to improve payment infrastructure by ensuring transactions happen in seconds and without interruption. India is leading the adoption of instant payment in the world and is already working on expanding its Unified Payments Interface (UPI) platform to other countries including Bhutan, Singapore, and the UAE. Countries...
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Track & Monitor
Smart Money Investing in the Financial Services Industry – Q1 2018: Tracking M&A, venture capital, and private equity investments globally
GlobalData’s "Smart Money Investing in the Financial Services Industry - Q1 2018", report provides detailed analysis of investment activities in financial services industry globally during the first quarter of 2018. The report provides comprehensive coverage of investment activities including mergers, acquisitions, asset transactions, venture financing and private equity, both in terms of deal value and volume. It also provides a global snapshot of investment trends in sectors including banking, payments, insurance and wealth management, and information on best practices followed...