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Sector Analysis
NewLatvia Cards and Payments – Opportunities and Risks to 2027
Latvia Cards and Payments Market Report Overview The annual value of card transactions in the Latvia cards and payments market is estimated to be $10.1 billion in 2023 and is expected to grow at a CAGR of more than 8% during 2023-2027. Electronic payments are gaining prominence in the Latvian payments market. Although cash is still the most preferred payment method, it is steadily losing ground to payment cards. A strong banking population, financial inclusion efforts by the government such...
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Sector Analysis
NewEgypt Cards and Payments – Opportunities and Risks to 2027
Egypt Cards and Payments Market Overview The annual value of card transactions in the Egypt cards and payments market is estimated to be $10.3 billion in 2023 and is expected to grow at a CAGR of more than 10% during 2023-2027. Electronic payments are gradually gaining ground in Egypt. The usage and adoption of payment cards are steadily increasing because of government initiatives to boost financial inclusion as well as improvements to the country’s payment infrastructure. Meanwhile, banks offer value-added...
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Sector Analysis
NewThailand Cards and Payments – Opportunities and Risks to 2027
Thailand Cards and Payments Market Report Overview The annual value of card transactions in the Thailand cards and payments market is estimated to be $62.5 billion in 2023 and is expected to grow at a CAGR of more than 7% during 2023-2027. To encourage the adoption of cashless payments, the government and payment providers are increasingly pushing QR code-based mobile payments as an alternative to cash. Thailand Card Transactions Outlook, 2023-2027 ($ Billion) Buy the Full Report for More Information...
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Company Insights
NewSociété Générale – Digital Transformation Strategies
Société Générale Digital Transformation Strategies Report Overview Société Générale has been focusing on using artificial intelligence, cloud, data analytics, and cybersecurity to digitally transform its operations. The annual ICT spending of Société Générale was estimated at $2.7 billion for 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Société Générale is a financial services group headquartered in France. The group’s operations include retail banking, private banking, corporate and investment banking,...
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Sector Analysis
NewMalaysia Cards and Payments – Opportunities and Risks to 2027
Malaysia Cards and Payments Market Report Overview The annual value of card transactions in the Malaysia cards and payments market is estimated to be $84.5 billion in 2023 and is expected to grow at a CAGR of more than 10% during 2023-2027. The Malaysian payments market remains cash-reliant but has high growth potential as it shifts towards digital payments. Government initiatives including the introduction of an interchange fee cap, the migration of payment cards to support contactless payments, charges on...
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Sector Analysis
NewIsrael Cards and Payments – Opportunities and Risks to 2027
Israel Cards and Payments Market Report Overview The annual value of card transactions in the Israel cards and payments market is estimated to be $149.5 billion in 2023 and is expected to grow at a CAGR of more than 9% during 2023-2027. Israel is one of the most developed and unique payment card markets in the Middle East and Africa. The country is a prolific user of payment cards and the market is unique since it was developed as a...
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Sector Analysis
NewRomania Cards and Payments – Opportunities and Risks to 2027
Romania Cards and Payments Market Report Overview The annual value of card transactions in the Romania cards and payments market is estimated to be $61.5 billion in 2023 and is expected to grow at a CAGR of more than 15% during 2023-2027. The Romanian government and the central bank are promoting electronic payments. That, coupled with a growing consumer awareness and a gradual rise in payment card acceptance are the factors gradually driving the Romanians towards electronic payments. The central...
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Analyst Opinions
NewTaiwan Cards and Payments – Opportunities and Risks to 2027
Taiwan Cards and Payments Market Report Overview The Taiwan cards and payments market size is $139.5 billion in 2023. The market is expected to achieve a CAGR of more than 8% during 2023-2027. A strong banked population, high financial awareness, banks incentivizing customers through a range of benefits (including cashback and discounts), the increasing preference for digital banking, and efforts by financial authorities to boost cashless payments have driven payment card adoption in the country. Taiwan Cards and Payments Market...
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Sector Analysis
NewBahrain Cards and Payments – Opportunities and Risks to 2027
Bahrain Cards and Payments Market Report Overview The Bahrain cards and payments market size is $11.5 billion in 2023. The market is expected to achieve a CAGR of more than 11% during 2023-2027. Cash usage is gradually declining in Bahrain. In contrast, payment card adoption is gradually rising, driven by the combined efforts of the government, private companies, and banks to encourage electronic payments. This is supported by the initiatives of the Central Bank of Bahrain (CBB) to boost electronic...
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Sector Analysis
NewBanking & Payments: Patents Trends Q3 2023
GlobalData, the industry analysis specialist, has released its latest sector patent insights databook "Banking & Payments: Patents Trends Q3 2023". The databook highlights the patenting activity of the sector in terms of growth in filings and grants and geographical focus. It provides a contextual analysis of major IP players and their strategy (share in total patent filings) in the sector. The databook will be delivered within 2-3 business days of the purchase, excluding weekends and holidays. Certain sections of the...
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