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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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Company Insights
NewHuawei Pay – Competitor Profile
Huawei Pay was launched in 2016 via a collaboration between payment scheme China UnionPay and smartphone brand Huawei, with the aim of competing in China’s exponentially expanding mobile payments market. Huawei Pay offers a ranges of payment services, including in-app and in-store payments. It offers both NFC payment as well as QR code payments for in-store purchases. To ensure privacy and security for payments, Huawei Pay utilizes tokenization and biometric authentication such as fingerprint recognition. Challenging the dominance of established...
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Sector Analysis
NewSlovenia Cards and Payments – Opportunities and Risks to 2028
Slovenia Cards and Payments Market Report Overview The annual value of card transactions in the Slovenia cards and payments market was $12.2 billion in 2023 and the value will grow at a CAGR of more than 8% during 2024-2028. The country’s payments market is considered fast-developing because of the consistent surge in technological innovations and the launch of new banking and payment services. This is supported by government initiatives to improve banking penetration, increasing financial knowledge among citizens, and efforts...
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Consumer Insights
NewMass Affluent Banking in Greater China – Regional Breakdown by Market Trends, Investment Preferences and Competitor Benchmarking
Mass Affluent Banking Market in Greater China Report Overview Emerging affluents and mass affluents make up most of the affluent population in the Greater China region. The population of affluents has been exponential in the last decade in the region. However, the growth is expected to slow down in the upcoming years as the economies mature. Despite low growth, the number of mass affluent customers in the region is exceedingly large, offering a huge market to the financial providers looking...
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Sector Analysis
NewNorway Cards and Payments – Opportunities and Risks to 2027
Norway Cards and Payments Market Report Overview The annual value of card transactions in the Norway cards and payments market was $121.1 billion in 2023. The value is expected to grow at a CAGR of more than 6% during 2023-2027. The government’s substantial investments in building long-term infrastructure for cashless transactions are driving the gradual rise in the popularity of electronic payments. Moreover, factors such as affordable and widely available financial products, the growing presence of digital-only banks, and consumer...
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Company Insights
NewGlobal Payments – Competitor Profile
Global Payments is a global merchant acquiring and payment processing company that connects merchants directly to all major and local card schemes and alternative payment methods. The company enables merchants to accept payments through both online and offline channels. Global Payments offers services to four million merchant locations globally, enabling them to accept payments via 150 payment methods (including digital wallets, card payments, and local and alternative payment methods). In addition to ecommerce payment acceptance for individual merchants, Global Payments...
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Sector Analysis
Luxembourg Cards and Payments – Opportunities and Risks to 2027
Luxembourg Cards and Payments Market Report Overview The annual value of card transactions in the Luxembourg cards and payments market was $20.8 billion in 2023. The value will grow at a CAGR of more than 7% during 2023-2027. Luxembourg’s payment card market can be characterized as mature and consistently evolving, with a high penetration rate of 5.8 cards per inhabitant. This is due to factors such as strong banking penetration, advanced payment infrastructure, enhanced security, high awareness of payment cards,...
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Sector Analysis
Greece Cards and Payments – Opportunities and Risks to 2027
Greece Cards and Payments Market Report Overview The annual value of card transactions in the Greece cards and payments market was $76.9 billion in 2023. The value is expected to grow at a CAGR of more than 7% during 2023-2027. Cash is the preferred payment method in Greece. However, the government has undertaken various initiatives to boost electronic payments in the country, such as a cap on cash transactions and electronic payment of salaries. Greek consumers are substituting cash payments...
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Analyst Opinions
Key Payments Trends for 2024
Exploring trends and insights from the ‘Payments Trends’ report will help you: Identify the top trends impacting the payment industry - mobile payments, social commerce, alternative solutions, AI, open banking, and blockchain. Analyze the leading trends in the industry and learn how they provide fast and frictionless user experiences. Understand each trend in detail to gain a competitive advantage in the market. Identify factors driving the growth of the payments landscape, including super apps, mobile payments, and blockchain. Understand the...
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Sector Analysis
Switzerland Cards and Payments – Opportunities and Risks to 2027
Switzerland Cards and Payments Market Report Overview The annual value of card transactions in the Switzerland cards and payments market was $145.8 billion in 2023. The value is expected to grow at a CAGR of more than 4% during 2023-2027. Switzerland Card Transactions Outlook, 2023-2027 ($ Billion) Buy the Full Report for More Information on the Switzerland Cards and Payments Market Forecast Download a Free Sample Report The Switzerland cards and payments market research report provides a detailed analysis of...