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Company Insights
Competitor Profile: Ripple
Ripple offers a global real-time payment system that enables banks and financial institutions around the world to transact cross-border via RippleNet, a decentralized global network of banks and payment providers. The organizations in the network use Ripple’s distributed ledger technology (DLT), which provides real-time clearing and settlement of financial transactions. In addition to cross-border transfers, Ripple enables trading of its cryptocurrency, XRP, which is now listed on over 100 digital asset exchanges globally, including Bitstamp, Kraken, Coinone, Bitso, and Coincheck....
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Sector Analysis
Norway Cards & Payments: Opportunities and Risks to 2023
GlobalData’s 'Norway Cards & Payments: Opportunities and Risks to 2023' report provides detailed analysis of market trends in the Norwegian 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 (2015-19e). 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 during...
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Sector Analysis
Wealth Management Competitive Dynamics 2019
The global private wealth market had an off year in 2018, with a good profit result but contracting assets under management (AUM). While there was no change in the order of the world’s five largest private wealth managers, there was more movement lower down the rankings as continued merger and acquisition activity boosted some players’ AUM in a down year for most. Net inflows were down significantly from the bumper year of 2017 yet remained positive at all but a...
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Analyst Opinions
Competitor Profile: Alipay
Launched in 2004, Alipay is the largest alternative payment services provider globally in terms of transaction value. It is a subsidiary of Ant Financial Services, 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. In FY 2019 ended March 31, almost 70% of gross merchandise value in Alibaba’s...
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Analyst Opinions
Competitor Profile: Tenpay
Tenpay is the second-largest online payment platform in China, behind only Alipay. It was launched in 2005 by Tencent, China’s leading internet company. Tenpay supports online, in-app, and in-store payments both in China and abroad. Tenpay users can make fund transfers to other users’ Tenpay accounts or their bank accounts. Users can also make mortgage and credit card payments, and can even invest in various financial products. Tencent also owns popular social media platforms including QQ Messenger and WeChat, and...
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Analyst Opinions
Competitor Profile: Google Pay
Google Pay was launched in February 2018. The service was formed following the merger of Google’s existing Google Wallet and Android Pay payment brands. The solution is accepted at millions of retail outlets globally and supports all of the major payment networks, including American Express, Mastercard, Visa, Discover (US only), Visa Electron (excluding the US), PayPal, and JCB (Japan and US only). It is supported by a host of major banks and credit unions in the US. Users can store...
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Sector Analysis
Payments in South Korea - (COVID-19) Impact Snapshot
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. South Korea’s GDP has been revised downward for 2020 due to the economic disruption caused following the outbreak of Coronavirus. There has been a sharp rise...
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Sector Analysis
Payments Snapshot in Canada - Coronavirus (COVID-19) Sector Impact
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. Canada has so far recorded total confirmed cases of 113,777 - much lower compared to other developed markets such as the US, the UK, France, Italy, and Germany....
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Sector Analysis
Coronavirus (COVID-19) Sector Impact - Payments Snapshot - New Zealand
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. New Zealand has been able to successfully contain the virus spread with strict lockdown measures and policies, with total confirmed cases of 1,507 and a death...
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Sector Analysis
Retail Savings and Investments in Canada - Coronavirus (COVID-19) Sector Impact
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. This report focuses on the impact of the coronavirus outbreak on the Canadian economy and the country’s retail savings and investment market. It also highlights the...
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