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Analyst Opinions
Competitor Profile: Skrill
Skrill is a global payment solution provider headquartered in London. It allows users to store payment details in a Skrill Digital Wallet, which they can use to make payments for online purchases. Consumers can also make payments with their Skrill account balance and register debit and credit cards, bank accounts, and other payment options such as paysafecard within the wallet for future payments. In addition, Skrill offers Skrill 1-Tap, which enables users to make payments with a single click without...
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Analyst Opinions
Competitor Profile: Klarna
Klarna is a Swedish online payment service provider (PSP). Established in 2005, the company now serves 80 million customers and is accepted by over 190,000 online merchants across 17 countries. Klarna acquired SOFORT in 2014, turning it into one of the largest PSPs in European e-commerce. Today, Klarna accounts for 10% of total e-commerce payments in Northern Europe. Klarna offers both immediate and pay-later options for e-commerce purchases, allowing customers to make payments after receiving the purchased items. It also...
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Analyst Opinions
Competitor Profile: China UnionPay
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
Competitor Profile: Yandex.Money
Yandex.Money is one of the most popular payment solutions in Russia. It was launched in July 2002 as a joint venture between Yandex and PayCash Group, before Yandex later became the sole owner. However, Yandex sold a 75% stake in Yandex.Money to Sberbank in July 2013 and is now a minority stakeholder. Yandex.Money allows users to make both online and offline payments as well as peer-to-peer (P2P) fund transfers. It offers online checkout through Yandex.Checkout, allowing online merchants to accept...
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Company Insights
Competitor Profile: TransferWise
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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Sector Analysis
Germany Cards & Payments: Opportunities and Risks to 2023
GlobalData’s 'Germany Cards & Payments: Opportunities and Risks to 2023' report provides detailed analysis of market trends in the German 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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Company Insights
Competitor Profile: Morgan Stanley Wealth Management
Morgan Stanley is a global financial institution that offers products and services to individuals, corporations, governments, and other financial companies. Headquartered in New York, it provides wealth management services through its Morgan Stanley Wealth Management (MSWM) division, which is focused mostly but not exclusively in the US. This competitor profile provides a comprehensive analysis of Morgan Stanley’s wealth operations. It offers insight into the company’s strategy and financial performance, including key data on assets under management (AUM). Customer targeting and...
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Sector Analysis
Targeting and Servicing High Net Worth (HNW) Investors - Strategies, Investment Behaviors, Investor Proclivities with regards to Risk, Loyalty, and Product Uptake
This report analyzes and sizes key segments of the global HNW market, providing detailed recommendations on how best to target and service these segments. It explores how investment behaviors differ across different target segments, and highlights different investor proclivities with regards to risk, loyalty, and product uptake. It is based on our proprietary Global Wealth Managers Surveys. A key focus for most wealth providers, HNW entrepreneurs constitute the second-largest target segment (after professionals), followed by females and expats, who represent...
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Sector Analysis
Mass Affluent Target Propositions, 2021 Update - A Key for Sustainability and Growth
The global wealth market will increase by 8% in 2021. Targeting the mass affluent demographic has worked its way up the priority list for banks and wealth managers in recent years. Some banks are not new to capturing this demographic with dedicated services, but in this digital transformation period competition for this lucrative group is on the rise. Heightened competition and regulatory costs for wealth managers, low interest rate margins for banks, and new digital entrants keen to keep their...
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Sector Analysis
Italy Wealth Management - Market Sizing and Opportunities to 2025
The Italian resident retail savings and investments market was $2,240.56 billion in 2020. The market is expected to grow at a CAGR of more than 3% during the forecast period 2021-2025. Italy’s affluent segment (covering HNWs and mass affluents) accounted for just 15.1% of the total population and held 86% of the country’s total onshore liquid assets in 2020. The majority of the affluent segment holds their wealth in deposits and bonds, indicating their preference for safe-haven assets. Therefore, as...
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