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Analyst Opinions
UK Mortgage Market 2016: Forecasts and Future Opportunities
2016 has been a good year for the market, with gross lending expected to be 12% higher than in 2015. However, market conditions over the next few years are predicted to dampen prospects for future growth. On the supply side, legislative changes in the buy-to-let sector, namely higher rates of stamp duty and more stringent underwriting requirements, will act as a drag on future growth in what has been the standout sector in the years since the financial crisis. On...
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Sector Analysis
The Cards and Payments Industry in Cambodia: Emerging Trends and Opportunities to 2021
GlobalData’s 'The Cards and Payments Industry in Cambodia: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Cambodian cards and payments industry, including: • Current and forecast values for each market in the Cambodian cards and payments industry, including debit and credit cards. • Detailed insights into payment instruments including checks and payment cards. It also includes an overview of the country's key alternative payment instruments. • Analysis of various market drivers and...
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Analyst Opinions
Retail Banking Country Snapshot: UAE 2016
The UAE is overbanked with around 49 players, making it a fragmented and highly competitive market. Penetration is high and consumers are well informed and sophisticated, but the large number of expats in the UAE (over 90% of the population) creates unique requirements. Reputation is key, and customers favor established providers and traditional structures. Although online channels are gaining ground, awareness of fintech and peer to peer (P2P) providers remains low, and partnerships with existing banks are the best way...
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Analyst Opinions
Consumer Payments Country Snapshot: China 2016
China represents a mature payment card market in Asia, with over 5 billion payment cards in issue. Despite a high card-per-customer ratio China is expected to see mild growth in both card numbers and the value of transactions, as mobile has become the payment mechanism of choice in the country. China UnionPay is the fastest-growing card scheme in China, claiming a more than 90% market share in 2015.
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Analyst Opinions
Consumer Payments Country Snapshot: Sweden 2016
Sweden has the potential to become the world’s first cashless society. The use of cash is declining quickly in Sweden and over half of all bank branches no longer deal with cash-based transactions. Payment cards are widely held and widely used in Sweden, and it has a strong alternative payments market.
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Analyst Opinions
Consumer Payments Country Snapshot: Spain 2016
The Spanish payments market was significantly impacted by the economic crisis. While the crisis affected banks’ reputations, it also accelerated their efforts to rejuvenate in order to regain the trust of Spanish consumers. CaixaBank, BBVA, Banco Popular, and Banco Santander are the leading players in this process. The Spanish economy has only recorded positive values since 2014, raising the employment rate and stimulating consumption. This has created an environment where consumers are increasingly confident about the use of financial technologies...
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Analyst Opinions
Consumer Payments Country Snapshot: India 2016
The second largest consumer market globally, India remains a cash-driven economy. However, digital payments will see growth in the Indian market, and are forecast to overtake cash transactions by 2023.The key opportunity is the digitization of payments – if they are as easy to use, convenient, and secure as cash then they will contribute to the growth of financial inclusion in the country. The main factors that will play a significant role in the process will be the rise of...
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Analyst Opinions
UK Consumer Credit 2016: Forecasts and Future Opportunities
Consumer credit lending in 2016 will rise by 7%, but growth will slow over the forecast period, with balances outstanding reaching £292.5bn in 2020. Consumer confidence will maintain current demand, despite the uncertainty caused by the UK’s vote to leave the EU in June 2016. Strong competition is increasing the availability of credit but also weakening credit scoring criteria; consequently, there are signs that credit quality is deteriorating. Accommodating monetary policy should mitigate increases in the cost of credit due...
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Analyst Opinions
Retail Banking Country Snapshot: Brazil 2016
The Brazilian banking sector is highly consolidated, with a handful of large banks controlling a significant market share. Product ownership rates are high, particularly for current and savings accounts. Both younger and older age groups use branches often. Internet penetration in Brazil is low, and hence providers need to maintain a multi-channel approach or focus on specific geographical areas in the country. Consumers are generally conservative in their choice of provider, with a bias towards those with which they have...
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Analyst Opinions
Retail Banking Country Snapshot: Denmark 2016
Danske Bank and Nordea are the leading providers in the current account and savings account markets, with Nykredit dominating the provision of mortgages. Although branches remain the most important channel for acquisition, online – and increasingly mobile – are the main channels for ongoing interaction for both complex and routine tasks. Only a minority of consumers have used fintech providers to date, and peer to peer (P2P) lending has yet to make a mark, with providers in this sector primarily...
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