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Analyst Opinions
Masterpass - Competitor Profile
Masterpass by Mastercard is a global payment service launched in 2013 as an extension of the PayPass wallet service. It allows users to store card details and billing addresses for faster checkout online. Once details are saved, it skips the process of entering card and shipping details for all future payments. It also allows users to make in-store payments via smartphones by scanning a QR code at partner merchant stores. Masterpass works on all web-enabled devices, including desktop computers, mobile...
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Company Insights
China Merchants Bank - Competitor Profile
GlobalData’s 'China Merchants Bank - Competitor Profile' provides a comprehensive analysis of CMB's private banking and wealth management operations. It offers insights into the company’s strategy and financial performance, including key data on assets under management (AUM). Customer targeting and service propositions are covered, as are product innovation and marketing activities. Headquartered in Shenzhen, China Merchants Bank (CMB) is one of the leading Chinese private banks, with over 70,000 employees and a service network of more than 1,800 branches worldwide....
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Thematic Analysis
Blockchain in Payments - Thematic Research
Blockchain is a method of storing information that makes it very difficult to change the information or cheat the system. The technology can be seen as a digital record of transactions like a ledger that is decentralized, meaning that there is no central authority or intermediary (such as a government or a bank) to validate a transaction. Instead, transactions are shared (distributed) with all participants in a network on a P2P basis. Transactions are then validated using consensus methods and...
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Sector Analysis
Coronavirus (COVID-19) Sector Impact - Payments Snapshot - China
GlobalData’s 'Coronavirus (COVID-19) Sector Impact: Payments Snapshot - China' analyzes China’s payments market, with a focus on impact of coronavirus outbreak’s on the economy and cards and payments industry. Based on our proprietary datasets, the snapshot provides a detailed comparison between pre COVID-19 forecast and revised forecasts of total payment card, debit card, and credit and charge card transactions by value and volume. It also offers information on measures taken by the government to combat coronavirus. GlobalData’s 'Coronavirus (COVID-19) Sector...
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Sector Analysis
Coronavirus (COVID-19) Sector Impact - Payments Snapshot - the UK
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 it 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 world losing 20-50% of their value for the year to...
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Sector Analysis
Coronavirus (COVID-19) Sector Impact - Payments Snapshot - France
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 hampered the global economy, with key markets across the globe losing 20-50% of their value year-to-date. Many...
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Company Insights
TransferWise - Competitor Profile
TransferWise is a global cross-border money transfer solution. Founded in the UK in March 2010, the solution now enables users to send money globally in more than 50 currencies to recipients’ bank accounts. TransferWise operates on a peer-to-peer (P2P) money transfer model with a network of international accounts around the world. Instead of transferring the sender's money directly to the recipient in a foreign country, TransferWise redirects them to the recipient of another transfer going in the opposite direction, thereby...
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Analyst Opinions
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. It is the sole scheme provider of payment cards in China. According to China’s central bank regulation, all card issuers in the country are required to route yuan-based transactions through CUP’s electronic payment network. Card issuance under the UnionPay brand is mostly concentrated in China. UnionPay founded its UnionPay International subsidiary in 2004...
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Company Insights
Tyro - Competitor Profile
Founded in 2003, Tyro Payments is an Australia-based neobank and the first EFTPOS provider in the country since 1996. Tyro offers payment solutions through bank accounts, loans, and deposits. One of its main activities is EFTPOS acquiring focused on SMEs. It also offers online payment acceptance through its eCommerce platform. In addition, Tyro offers Tyro Connect, an integration hub that allows hospitality businesses to connect their menus, orders, and payments in a single app. The company has operated as a...
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Analyst Opinions
Visa Checkout - Competitor Profile
Visa Checkout is an online payment solution developed by Visa. Launched in 2014, the service allows users to store multiple card details and billing addresses for faster checkout. Visa Checkout works on all web-enabled devices. It is currently supported by more than 350,000 merchants globally, with more joining each month. No extra charges are associated with Visa Checkout in addition to regular interchange fees, which helps boost uptake among merchants. Visa Checkout supports all major payment schemes - including Visa,...
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