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Company Insights
NewHuawei Pay – Competitor Profile
Huawei Pay was launched in 2016 via a collaboration between payment scheme China UnionPay and smartphone brand Huawei, with the aim of competing in China’s exponentially expanding mobile payments market. Huawei Pay offers a ranges of payment services, including in-app and in-store payments. It offers both NFC payment as well as QR code payments for in-store purchases. To ensure privacy and security for payments, Huawei Pay utilizes tokenization and biometric authentication such as fingerprint recognition. Challenging the dominance of established...
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Company Insights
NewBlock – Competitor Profile
Block (formerly Square) is a US-based payment services provider that was launched in 2009. Effective from December 10, 2021, Square changed its legal name to Block. However, the company continues to offer its merchant services under the Square brand name, enabling businesses to accept payments through methods including debit and credit cards issued by all major scheme providers, as well as NFC-based solutions such as Google Pay and Apple Pay. For offline payments, the company offers an array of traditional...
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Company Insights
Stripe – Competitor Profile
Stripe is a global payment services provider. Founded in 2010, the solution allows online merchants and vendors to accept payments for products and services offered through their own websites and mobile apps, as well as for those offered through third-party online marketplaces and platforms. Stripe works on all web-enabled devices. It has been deployed by a host of businesses globally, including online merchants, marketplaces, and platforms. The solution allows businesses to accept payments in over 135 currencies through more than...
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Company Insights
NewMeta Pay – Competitor Profile
Meta Pay (formerly Facebook Pay) is a digital payment provider that allows users to make payments via Meta-owned social media platforms Facebook, Messenger, WhatsApp, and Instagram. Meta Pay is now available to users across 144 countries and supports payments in 55 currencies, enabling online, in-app, and P2P payments. Facebook initially rolled out P2P payments in the US via Messenger in 2015. It subsequently introduced Facebook Pay in November 2019, bringing its payment options under a single umbrella across Facebook, Messenger,...
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Sector Analysis
Slovenia Cards and Payments – Opportunities and Risks to 2028
Slovenia Cards and Payments Market Report Overview The annual value of card transactions in the Slovenia cards and payments market was $12.2 billion in 2023 and the value will grow at a CAGR of more than 8% during 2024-2028. The country’s payments market is considered fast-developing because of the consistent surge in technological innovations and the launch of new banking and payment services. This is supported by government initiatives to improve banking penetration, increasing financial knowledge among citizens, and efforts...
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Sector Analysis
NewBulgaria Cards and Payments – Opportunities and Risks to 2028
Bulgaria Cards and Payments Market Report Overview The annual value of card transactions in the Bulgaria cards and payments market was $17.3 billion in 2023. The value will grow at a CAGR of more than 12% during 2024-2028. The following are some of the key highlights of the Bulgaria cards and payments market: Cash continues to play a pivotal role in Bulgaria. However, the central bank and government are introducing payment regulations, improving payment-acceptance infrastructure, and mandating POS terminal installation...
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Sector Analysis
NewOnline Shopping – Key Trends and Consumer Insights
Online Shopping Report Overview The global online market is expected to increase by more than 22% between 2024 to 2028 owing to investments in e-commerce capabilities, expansion of international players, and enhanced technology capabilities. For non-essential retailers, augmented and virtual reality (AR/VR) will drive innovation and support a seamless shopping experience for consumers. New technology will lessen the need for physical showroom space and heighten customers’ experience, enabling virtual fitting rooms, testing out make-up, and viewing homeware and furniture pieces...
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Thematic Analysis
Strategic Partnerships in Fintech – Thematic Intelligence
Reasons to buy the ‘Strategic Partnerships in Fintech’ thematic intelligence report: Gain access to a scientific overview of strategic fintech partnerships. Analyze studies of emerging technological trends and their broader impact on the market. Identify the key categories of fintech partnership and a few of the major players in each category. Explore the role of digitization of banking and the partnership opportunities it creates across front, middle, and back-office functions. How is our ‘Strategic Partnerships in Fintech’ report unique from...
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Company Insights
NewVenmo – Competitor Profile
Founded in 2009, Venmo initially allowed users to send money via SMS. In late 2010, a Venmo app was launched. This was initially a payment service that focused on P2P payments and simple purchase transactions, such as payments to food trucks. Over the years, Venmo has expanded its use cases, allowing users to make payments to a wider range of merchants both online and offline via Venmo. Users can top up their accounts and link their app account to their...