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Innovation Ranking
NewInnovation Ranking – Visa Inc
Visa Inc (Visa) is a global digital payment technology company that serves individual and commercial clients, financial institutions, government entities, and merchants. It facilitates global e-commerce through digital payments and information. Visa’s transaction processing network, VisaNet, conducts clearing, authorization, and settlement of payment transactions. The company also routes payment information and related data. Its portfolio of offerings consists of mobile payments, payment cards, commercial payments, transaction processing services, merchant solutions, and other digital services. It also supports the local businesses....
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Thematic Analysis
NewEcommerce Sector Scorecard, Q1 2024 Update – Thematic Intelligence
Consumers expect a seamless digital experience when shopping online, and central to this is a safe and secure payment process. Digital payments is an important theme for ecommerce companies, with all of the top five companies in the thematic screen of GlobalData’s ecommerce sector scorecard scoring at least 4 out of 5 in this theme. Additionally, the top three ranked companies (Visa, Mastercard, and Klarna) all provide consumer payment services, highlighting the importance of this aspect of ecommerce.
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Sector Analysis
NewNetherlands Cards and Payments – Opportunities and Risks to 2028
Netherlands Cards and Payments Market Report Overview The annual value of card transactions in the Netherlands cards and payments market was $205.1 billion in 2023. The Dutch cards and payments market will grow at a CAGR of more than 6% during 2024-2028. Dutch banks are progressively switching from Maestro and V PAY to Mastercard- and Visa-branded debit cards. Since July 2023, Mastercard and Visa have no longer issued Maestro and V PAY cards. Netherlands Card Transactions Outlook, 2024-2028 ($ Billion)...
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Company Insights
NewStripe – Competitor Profile
Stripe is a global payment services provider. Founded in 2010, the solution allows online merchants and vendors to accept payments for products and services offered through their own websites and mobile apps, as well as for those offered through third-party online marketplaces and platforms. Stripe works on all web-enabled devices. It has been deployed by a host of businesses globally, including online merchants, marketplaces, and platforms. The solution allows businesses to accept payments in over 135 currencies through more than...
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Company Insights
NewM-PESA – Competitor Profile
M-PESA is a mobile-based fund transfer and micro-level banking service available to customers of Safaricom, Kenya’s largest mobile network. Introduced in 2007, the service has become a primary channel for fund transfers in the country. Originally developed as a low-cost microfinance loan repayment system, it was extended as an open platform to remit funds and make consumer payments due to its rising popularity. This was largely a result of factors such as the high cost of remitting funds through banks,...
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Company Insights
MobilePay – Competitor Profile
MobilePay is a popular mobile payment solution in Denmark. Launched as a money transfer app by Danske Bank in 2013, it later extended its offering to include online, in-app, and in-store payments. It allows users to make fund transfers between friends, family members, and businesses using their phone number. Users can store card details within the MobilePay app, which can be used for payments at online and offline merchants. To make online payments, users choose MobilePay at the checkout and...
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Sector Analysis
NewMorocco Cards and Payments – Opportunities and Risks to 2028
Morocco Cards and Payments Market Report Overview The annual value of card transactions in the Morocco cards and payments market was $6.3 billion in 2023 and will grow at a CAGR of more than 12% during 2024-2028. Cash remains a strong preference for Moroccan consumers. However, the government and banks are striving to increase awareness levels to encourage electronic payments. Morocco Card Transactions Outlook, 2023-2028 ($ Billion) Buy the Full Report for More Information on the Morocco Cards and Payments...
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Sector Analysis
NewSlovakia Cards and Payments – Opportunities and Risks to 2028
Slovakia Cards and Payments Market Report Overview The annual value of card transactions in the Slovakia cards and payments market was $27.6 billion in 2023. The value will grow at a CAGR of more than 7% during 2024-2028 owing to the growing adoption of contactless cards for payments. Slovakia Card Transactions Outlook, 2023-2028 ($ Billion) Buy the Full Report for More Information on the Slovakia Cards and Payments Market Forecast Download a Free Sample Report The Slovakia cards and payments...
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Sector Analysis
NewBulgaria Cards and Payments – Opportunities and Risks to 2028
Bulgaria Cards and Payments Market Report Overview The annual value of card transactions in the Bulgaria cards and payments market was $17.3 billion in 2023. The value will grow at a CAGR of more than 12% during 2024-2028. Cash continues to play a pivotal role in Bulgaria. However, the central bank and government are introducing payment regulations, improving payment-acceptance infrastructure, and mandating POS terminal installation in the country to promote electronic payments. Bulgaria Card Transactions Outlook, 2023-2028 ($ Billion) Buy...
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Sector Analysis
NewKuwait Cards and Payments – Opportunities and Risks to 2028
Kuwait Cards and Payments Market Report Overview The annual value of card transactions in the Kuwait cards and payments market was $126.6 billion in 2023 and the value will grow at a CAGR of more than 6% during 2024-2028. Kuwait’s payment card market is growing, driven by the combined efforts of the government and financial institutions to promote electronic payments. In addition, a developing and expanding payment acceptance infrastructure has encouraged consumers to use electronic payments for day-to-day transactions. Kuwait...