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Company Insights
Competitor Profile: Starbucks Mobile Wallet
Starbucks, one of the world’s most popular coffee chains, launched Starbucks Mobile Wallet (or Starbucks Mobile App) in September 2009, enabling users to make in-store payments at Starbucks outlets on a closed-loop basis. Users can make payments by scanning the barcode on their wallet at merchant outlets; the amount is deducted from the wallet balance. The solution was initially launched in select locations and to select users in the US. It is now available across a host of different markets....
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Company Insights
China UnionPay - Competitor Profile
China UnionPay (CUP) is a global bank card scheme established under the approval of the People’s Bank of China (PBOC) and the State Council in March 2002. CUP used to be the sole scheme provider of payment cards in China. According to China’s central bank regulation, all card issuers in the country were required to route yuan-based transactions through CUP’s electronic payment network. However, a new regulation was issued in 2015, paving the way for international card schemes to enter...
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Sector Analysis
The Cashless World - Evolving Payment Environments in Key Asia Pacific and Western Markets
The depth of internet connectivity and smartphone penetration in many markets means it can be very easy to drive the adoption of cashless payments, but the path to moving away from cash has become very different between markets. Cashless payments in most developed markets are still focused on payment cards, while in a lot of developing markets consumers are leapfrogging from cash to mobile payments. Compared to when payment cards were first introduced, the options for cashless payments and the...
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Sector Analysis
Payments Industry Revenue Models in 2021 and Beyond
Pandemic has accelerated the move away from cash towards digital payment solutions. The shift challenges traditional payment revenue models in a number of ways, including through convenient alternatives to card payments via digital wallets, payment network innovations, and simple, transparent substitutes for credit cards via buy now pay later (BNPL) apps. This report discusses the existing revenue models in the payments market and evaluates the challenges they face from emerging technologies and business models. New solutions have the potential to...
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Case Studies
Federal Bank’s Implementation of IBM API Connect - Use Case
The Indian banking sector has long been dependent on legacy technologies that have proven to be successful in the past. However, with a dynamically changing business climate and more recently the COVID-19 pandemic, it has become necessary for these players to step up their game and invest in smart technologies that can help them remain competitive, especially as excessive dependence on legacy solutions and processes have proven detrimental to business and reputation. As the digital banking industry future-proofs its businesses...
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Analyst Opinions
Boku - Competitor Profile
Launched in 2009 in the US, Boku is one of the world’s leading carrier billing-based mobile payment services. Primarily used for purchases of digital content, Boku is offered by leading digital companies including Apple, Google, Sony, Microsoft, Facebook, and Spotify. Boku enables customers to charge payments directly to their mobile phone bill and provides merchants with the ability to accept payments from anyone with a mobile phone. In addition to carrier billing, Boku allows merchants to accept payments via over...
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Company Insights
Competitor Profile: Pingit
Pingit was the UK’s first instant mobile payments app, introduced by Barclays in 2012. Initially launched as a peer-to-peer (P2P) payment service between individuals, it was extended for merchants, allowing them to accept payments for online and offline purchases. The service was initially only offered to Barclays account holders, before being extended to all UK residents with a UK-registered mobile number and UK bank account. The app can be downloaded from the Apple App Store or Google Play Store. The...
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Analyst Opinions
Competitor Profile: ELV
Elektronisches Lastschriftverfahren (ELV) is an electronic direct debit system in Germany. Launched in the 1980s by a group of merchants, it accounted for 5.9% of the country’s non-cash transaction volume in 2018. It is a popular payment solution in Germany for both in-store and online payments and is an alternative payment option for customers who do not like using credit cards online to pay for products or services. In-store ELV payments are made using debit cards that contain the necessary...
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Sector Analysis
Taiwan Cards and Payments - Opportunities and Risks to 2024
GlobalData’s 'Taiwan Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in the Taiwanese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2016-20e). 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 volumes...
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Sector Analysis
Coronavirus (COVID-19) Sector Impact: Retail Savings & Investments - China
The coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020. Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with key markets across the globe losing 20-50% of their value for the...
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