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Sector Analysis
Norway Cards and Payments – Opportunities and Risks to 2026
Norway Cards and Payments Market Report Overview The Norway cards and payments market size was valued at $105.7 billion in 2022 and is expected to achieve a CAGR of more than 4% during 2022-2026. Contactless technology is gaining prominence in Norway, with banks and scheme providers increasingly promoting this technology. Norway Cards and Payments Market Outlook, 2022-2026 ($ Billion) To gain more information on the Norway cards and payments market forecast, download a free report sample The Norway cards and...
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Sector Analysis
Kenya Cards and Payments – Opportunities and Risks to 2026
Kenya Cards and Payments Market Report Overview The Kenya cards and payments market volume was $49.5 million in 2022 and is expected to achieve a CAGR of more than 17% during 2022-2026. The launch of digital-only banks is expected to promote financial inclusion in Kenya, which in turn will further drive the adoption of debit card transactions. Additionally, mobile POS terminals are being launched in the country to capitalize the growth of card-based payments. Kenya Cards and Payments Market Outlook,...
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Sector Analysis
Netherlands Cards and Payments – Opportunities and Risks to 2026
Netherlands Cards and Payments Market Report Overview The Netherlands cards and payments market size was valued at $158.2 billion in 2022 and is expected to achieve a CAGR of more than 4% during 2022-2026. Growth in the payment card market has been supported by well-developed infrastructure, the rise of contactless payments, affordable and widely available financial products, the strong presence of digital-only banks, and consumers’ growing preference for digital payments. Netherlands Cards and Payments Market Outlook, 2022-2026 ($ Billion) To...
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Sector Analysis
Sweden Cards and Payments – Opportunities and Risks to 2026
Sweden Cards and Payments Market Report Overview The Sweden cards and payments market size was valued at $117.9 billion in 2022 and is expected to achieve a CAGR of more than 4% during 2022-2026. Cards are the preferred method of payment among Swedish consumers. The convenience of cards, enhanced security, and the growing adoption of contactless have supported its growth. The Sweden cards and payments market research report provides a detailed analysis of market trends in the Sweden cards and...
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Sector Analysis
Belgium Cards and Payments – Opportunities and Risks to 2026
Belgium Cards and Payments Market Report Overview The Belgium cards and payments market size was valued at $141.4 billion in 2022 and is expected to achieve a CAGR of more than 6% during 2022-2026. The Belgian payment card market can be characterized as rapidly growing and innovative. Card penetration in the country stood at 2.2 cards per individual in 2022e. Persistent efforts from Belgian financial authorities and banks to ensure a robust banked population, a high level of awareness of...
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Sector Analysis
Hong Kong (China SAR) Cards and Payments – Opportunities and Risks to 2026
Hong Kong (China SAR) Cards and Payments Market Report Overview The Hong Kong cards and payments market size was valued at $129 billion in 2022 and is expected to achieve a CAGR of more than 3% during 2022-2026. The Hong Kong (China SAR) payment card market is mature despite a strong inclination towards cash. This is due to consistent efforts to promote electronic payment methods, such as waiving minimum balance fees on bank accounts, launching digital-only banks, and developing and...
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Sector Analysis
Vietnam Cards and Payments – Opportunities and Risks to 2026
Vietnam Cards and Payments Market Report Overview The Vietnam cards and payments market size was valued at $36.4 billion in 2022 and is expected to achieve a CAGR of more than 11% during 2022-2026. Cash dominates the payment market in Vietnam owing to the highly unbanked population, limited financial awareness among consumers, and inadequate payment infrastructure. However, the government along with the State Bank of Vietnam (SBV) and other regulatory authorities is taking several initiatives to boost non-cash payments. The...
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Sector Analysis
Portugal Cards and Payments – Opportunities and Risks to 2026
Portugal Cards and Payments Market Report Overview The annual value of card transactions in the Portugal cards and payments market was $114 billion in 2022 and is expected to achieve a CAGR of more than 6% during 2022-2026. Cash is the most preferred method of consumer payment in Portugal. However, the Portuguese are increasingly adopting payment cards, resulting in a rise in overall payment card penetration and usage in the country. The Portugal cards and payments market research report provides...
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Sector Analysis
Lithuania Cards and Payments – Opportunities and Risks to 2026
Lithuania Cards and Payments Market Report Overview The annual value of card transactions in the Lithuania cards and payments market was $14.60 billion in 2022 and is expected to grow at a CAGR of more than 14% during 2022-2026. Lithuanians are prolific users of payment cards, with the frequency of card transactions higher than in well-developed markets such as the US, Germany, and Italy. While cash still accounts for most payments, electronic payments are rising to prominence with encouragement from...
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Macroeconomic Analysis
United Kingdom (UK) PESTLE Insights – A Macroeconomic Outlook Report
According to GlobalData estimates, in 2022, financial intermediation, real estate and business activities contributed 34.1% towards GVA, followed by mining, manufacturing and utilities (12.9%), and wholesale, retail, hotels (12.1%). The three sectors are forecast to grow by 5.6%, 5.3%, and 5.5%, respectively, in 2023. London, Manchester, Breckland and South Norfolk, and East Sussex County Council contributed 39.9% to the country’s GDP and were home to 28.5% of the UK’s population, as of 2022, according to GlobalData’s cities database.
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Macroeconomic Analysis
Colombia PESTLE Insights – A Macroeconomic Outlook Report
Mining, manufacturing and utilities contributed 22.1% to gross value added (GVA) in 2022, followed by financial intermediation, real estate and business activities (21.9%) and wholesale, retail and hotels (13.7%), according to GlobalData. In nominal terms, the three sectors are forecast to grow by 6.2%, 7.8% and 6.6%, respectively, in 2023. Bogota, Cali and Medellin are among the best performing cities of Colombia. These areas contributed 33.2% of GDP and comprised 33.6% of Colombia’s population in 2022.
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Sector Analysis
Spain Cards and Payments – Opportunities and Risks to 2026
Spain Cards and Payments Market Report Overview The annual value of card transactions in the Spain cards and payments market was valued at $322.6 billion in 2022 and is expected to grow at a CAGR of more than 5% during 2022-2026. Cash remains the preferred method of payment in Spain, accounting for a major share of total payment transaction volume in 2022e. The Spain cards and payments market research report provides a detailed analysis of market trends in the Spain...
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Macroeconomic Analysis
Malaysia PESTLE Insights – A Macroeconomic Outlook Report
Mining, manufacturing and utilities activities contributed 34.3% to the gross value added (GVA) in 2022, followed by wholesale, retail and hotels (17.7%), and transport, storage and communications (10.9%). These sectors are expected to grow by 7.2%, 8.7% and 9.8%, respectively, in 2023. Four major states (Penang, Kuala Lumpur, Kuching and Johor) contributed 61.2% of the country’s GDP in 2022 and comprised 35.5% of Malaysia’s population in 2022, according to GlobalData’s cities database.
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Macroeconomic Analysis
Egypt PESTLE Insights – A Macroeconomic Outlook Report
Mining, manufacturing and utilities activities contributed 26.8% to the gross value added (GVA) in 2022, followed by wholesale, retail and hotels (16.8%), agriculture (12.0%). In nominal terms, the three sectors are expected to grow by 17.2%, 17.0% and 18.2%, respectively, in 2023. Cairo and Alexandria are the best performing metropolitan areas in the country. They together accounted for 26.4% of the total GDP of the country and 15.6% of the total population in 2022, according to GlobalData’s cities database.
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Macroeconomic Analysis
Germany PESTLE Insights – A Macroeconomic Outlook Report
Financial intermediation, real estate and business activities contributed 25.7% to the gross value added (GVA) in 2022, followed by Mining, manufacturing and utilities (23.4%), and Other services (22.8%). The three sectors are forecast to grow by 4.8%, 4.8% and 5.3%, respectively, in 2023. Four major states comprised 60.4% of the country’s population in 2022 and 63% of the German GDP in 2021, according to EuroStat database
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Macroeconomic Analysis
United Arab Emirates (UAE) PESTLE Insights – A Macroeconomic Outlook Report
According to GlobalData estimates, mining, manufacturing and utilities activities contributed 31.3% towards GVA, followed by financial intermediation, real estate and business activities (21.9%), and wholesale, retail and hotels utilities (15.1%) in 2022. The three sectors are forecast to grow by 2.9%, 3.7%, and 2.5%, respectively, in 2023. The Emirates of Abu Dhabi, Dubai, and Sharjah were among the best performing regions in the UAE in 2022, according to GlobalData.
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Sector Analysis
Croatia Cards and Payments – Opportunities and Risks to 2026
Croatia Cards and Payments Market Report Overview The Croatia cards and payments market size was valued at $17.7 billion in 2022 and is expected to achieve a CAGR of more than 8% during 2022-2026. This growth can be attributed to Croatia’s improving payment infrastructure, the increasing adoption of contactless payments, the rapid growth of the ecommerce market, and the convenience of electronic payments. The Croatia cards and payments market research report provides a detailed analysis of market trends in the...
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Company Insights
Goldman Sachs – Digital Transformation Strategies
Goldman Sachs - Digital Transformation Strategies Overview Goldman Sachs has been leveraging the capabilities of artificial intelligence (AI) and machine learning (ML) to accelerate its business operations and mitigate risks. The annual ICT spending of Goldman Sachs was estimated at $1.7 billion in 2022. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. Goldman Sachs is a multinational financial institution that offers a variety of investment banking, consumer banking, securities, and investment...
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Company Insights
Fiserv – Competitor Profile
Fiserv is a leading global provider of payments and financial services. It provides a wide range of services, including electronic payment processing for electronic bill payments; account-to-account transfers; debit and credit card processing and services; internet and mobile banking systems; card and print personalization services; loan origination and servicing products; as well as fraud and risk management services. Launched in 1984, the company offers its services to over 12,000 clients in over 100 countries. The company mostly offers its services...
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Thematic Analysis