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Macroeconomic Analysis
NewLuxembourg PESTLE Insights – A Macroeconomic Outlook Report
Financial intermediation, real estate, and business activities contributed 47.1% to the gross value added (GVA) in 2023, followed by transport, storage and communication (11.6%) and wholesale, retail, and hotel activities (10.1%). In nominal terms, the three sectors are expected to grow by 5.1%, 5.6%, and 5.5%, respectively, in 2024. According to the Central Bank of Luxembourg, Luxembourg’s direct investment position was at $994.9 billion in Q4 2023, compared to the investment of $969.2 billion in Q4 2022. The country had...
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Macroeconomic Analysis
NewGlobal Macroeconomic Outlook – Q2 2024 Update
Global Macroeconomic Outlook Report Overview 2024 is anticipated to be a pivotal year, characterized by a shift in consumption from services to goods and an acceleration in investment as monetary conditions gradually ease. Furthermore, industrial production is expected to rebound in 2024 and 2025, following a slump in 2023. This recovery is likely to be driven by gradual improvements in external demand and easing supply chain constraints. However, non-macroeconomic risks, particularly geopolitical shocks, remain significant, contributing to the uncertainty surrounding...
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Thematic Analysis
NewHealth and Wellness in Insurance – Thematic Intelligence
Health and Wellness in Insurance Thematic Report Overview Insurers are actively promoting physical and mental well-being by evolving their wellness offerings beyond traditional insurance. They provide a diverse range of products to enhance various aspects of well-being, including physical, emotional, and financial wellness. The industry's innovation has been spurred by the pandemic and the current cost-of-living challenges, underscoring the significance of financial well-being on physical and mental health. Insurers are embracing a new approach by not only processing medical claims...
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Sector Analysis
NewBancassurance Market Trends and Analysis by Region, Competitive Landscape and Forecast to 2028
GlobalData’s '2024 Global Bancassurance Market Report’ insight analysis report provides in-depth market analysis, information, and insights into the global and regional bancassurance market. GlobalData’s '2024 Global Bancassurance Market Report' provides a detailed outlook of the Global bancassurance market. It provides values for key performance indicators such as written premiums and claims during the review period (2019–23) and forecast period (2024–28). The report gives a comprehensive overview of the global and regional bancassurance space, key lines of business, key trends, drivers,...
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Sector Analysis
NewIndonesia Cards and Payments – Opportunities and Risks to 2028
GlobalData’s ‘Indonesia Cards and Payments: Opportunities and Risks to 2028' report provides detailed analysis of market trends in the Indonesian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, mobile wallets, cards, cheques, and direct debits during the review-period (2020–24e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and...
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Company Insights
NewMeta Pay – Competitor Profile
Meta Pay (formerly Facebook Pay) is a digital payment provider that allows users to make payments via Meta-owned social media platforms Facebook, Messenger, WhatsApp, and Instagram. Meta Pay is now available to users across 144 countries and supports payments in 55 currencies, enabling online, in-app, and P2P payments. Facebook initially rolled out P2P payments in the US via Messenger in 2015. It subsequently introduced Facebook Pay in November 2019, bringing its payment options under a single umbrella across Facebook, Messenger,...
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Consumer Insights
NewMass Affluent Banking in the ASEAN Region – Regional Breakdown by Market Trends, Investment Preferences and Competitor Benchmarking
Mass Affluent Banking in the ASEAN Region Report Overview The mass affluent and emerging affluent continue to grow in the ASEAN region, boosting spending at a retail level as well as opening more opportunities for banks to offer investment services. Additional growth drivers include the increase in regional integration, the slowing Chinese economy, and Singapore’s safe-haven status. This report provides crucial insights into the behavior of mass affluent customers, empowering banks to tailor their offerings effectively. By leveraging data on...
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Thematic Analysis
NewCybersecurity in Banking and Payments – Thematic Intelligence
Cybersecurity in Banking and Payments Thematic Report Overview The rapid evolution of digital banking and the growing number of interconnected devices have made it easier for customers to manage their finances through online channels. Unfortunately, this has exposed banking companies to increasing levels of cyber threats. Since the impact of cyberattacks on banks can be catastrophic, stronger measures will be needed to counter the continuously evolving cyber threat landscape. Due to the proliferation of data breaches and digital heists across...
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Company Insights
NewAlipay – Competitor Profile
Launched in 2004, Alipay is among the leading alternative payment services providers (PSP) globally. It is a subsidiary of Ant Group, which is controlled by Alibaba Group. Alipay allows users to make fund transfers as well as online, in-app, and in-store payments at home and abroad. It is the primary method of payment for Alibaba’s online marketplaces, including AliExpress, Tmall, and Taobao. Alipay is accepted in more than 110 countries, allowing Chinese tourists to make payments in Chinese renminbi and...
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Company Insights
NewClick to Pay – Competitor Profile
Online payment solution Click to Pay was launched by Mastercard, Visa, American Express, and Discover in October 2019. The solution was initially known as Secure Remote Commerce and was developed based on EMV Secure Remote Commerce industry specifications. It was rebranded as Click to Pay in July 2020. The solution is administered by EMVCo, the international association of the six leading card scheme networks (American Express, Discover, JCB, Mastercard, UnionPay, and Visa). The solution brings four major international card schemes...