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Sector Analysis
NewKazakhstan Cards and Payments – Opportunities and Risks to 2028
GlobalData’s ‘Kazakhstan Cards and Payments: Opportunities and Risks to 2028' report provides detailed analysis of market trends in the Kazakhstani cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, credit transfer, direct debits, and cheques during the review-period (2020–24e). 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
M-PESA – Competitor Profile
M-PESA is a mobile-based fund transfer and micro-level banking service available to customers of Safaricom, Kenya’s largest mobile network. Introduced in 2007, the service has become a primary channel for fund transfers in the country. Originally developed as a low-cost microfinance loan repayment system, it was extended as an open platform to remit funds and make consumer payments due to its rising popularity. This was largely a result of factors such as the high cost of remitting funds through banks,...
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Sector Analysis
NewIndonesia Cards and Payments – Opportunities and Risks to 2028
GlobalData’s ‘Indonesia Cards and Payments: Opportunities and Risks to 2028' report provides detailed analysis of market trends in the Indonesian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, mobile wallets, cards, cheques, and direct debits during the review-period (2020–24e). 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...
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Sector Analysis
NewRomania Cards and Payments – Opportunities and Risks to 2028
Romania Cards and Payments Market Report Overview The annual value of card transactions in the Romania cards and payments market was $62.2 billion in 2023 and will grow at a CAGR of more than 12% during 2024-2028. Romania is a cash-dominated market. However, cash usage will continue to decline over the forecast period amid the growing preference for electronic payments and the country’s improving payment infrastructure. Romania Card Transactions Outlook, 2023-2028 ($ Billion) Buy the Full Report for More Information...
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Thematic Analysis
NewCybersecurity in Banking and Payments – Thematic Intelligence
Cybersecurity in Banking and Payments Thematic Report Overview The rapid evolution of digital banking and the growing number of interconnected devices have made it easier for customers to manage their finances through online channels. Unfortunately, this has exposed banking companies to increasing levels of cyber threats. Since the impact of cyberattacks on banks can be catastrophic, stronger measures will be needed to counter the continuously evolving cyber threat landscape. Due to the proliferation of data breaches and digital heists across...
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Sector Analysis
NewArgentina Cards and Payments – Opportunities and Risks to 2028
Argentina Cards and Payments Market Report Overview The annual value of card transactions in the Argentina cards and payments market was $253.49 billion in 2023 and will grow at a CAGR of more than 68% during 2024-2028. Although cash is the preferred method of payment, there has been a rise in card payments in Argentina. This has been supported by the government’s efforts to boost electronic payments. Argentina Card Transactions Outlook, 2023-2028 ($ Billion) Buy the Full Report for More...
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Thematic Analysis
NewBlockchain in Travel and Tourism – Thematic Intelligence
Blockchain in Travel and Tourism Report Overview The globalization and digitization of travel and tourism are both driving the demand for easy-to-use and cheap international transaction processes and payment systems. Blockchain technologies are predicted to substantially transform the tourism industry. Blockchain is a very recent development in the digitization of the tourism industry that hinges on the pervasiveness of information and communication technologies (ICTs). Over the past decade, technology has triggered numerous changes in the tourism industry. The internet has...
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Sector Analysis
NewSlovakia Cards and Payments – Opportunities and Risks to 2028
Slovakia Cards and Payments Market Report Overview The annual value of card transactions in the Slovakia cards and payments market was $27.6 billion in 2023. The value will grow at a CAGR of more than 7% during 2024-2028 owing to the growing adoption of contactless cards for payments. Slovakia Card Transactions Outlook, 2023-2028 ($ Billion) Buy the Full Report for More Information on the Slovakia Cards and Payments Market Forecast Download a Free Sample Report The Slovakia cards and payments...
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Macroeconomic Analysis
Saudi Arabia PESTLE Insights – A Macroeconomic Outlook Report
Saudi Arabia PESTLE Insights Report Overview The GDP of Saudi Arabia was $1.1 trillion in 2023 and the country ranked 31st out of 153 nations in the GCRI Q3 2023. Saudi Arabia has launched the KSA Visa platform, a unified national visa application system connecting over 30 ministries and organizations to facilitate visa applications for Hajj, Umrah, tourism, business, and employment. The system utilizes AI to identify available visas and streamline application processes, which is expected to benefit pilgrims. Buy...
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Company Insights
NewGrupo Financiero Banorte – Digital Transformation Strategies
Banorte Digital Transformation Strategies Overview Banorte has been investing in emerging technologies over the years to improve efficiencies, and product offerings, and streamline operations. AI, big data, cloud, and payments are among the key technologies under focus for the company. The annual ICT spending of Banorte was estimated at $503 million in 2023. A major share of this spending is earmarked for acquiring software, ICT services, and network and communications from vendors. Grupo Financiero Banorte SAB de CV (GFNorte) is...