Category: Financial Services
Financial Services market research reports by Euromonitor International
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Charge Cards in Spain
Charge Cards in Spain Charge cards are the second-most-favoured option of local consumers when it comes to payment cards, after debit cards but ahead of credit cards. This is partly down to inertia—charge cards have a longer tradition than credit cards in Spain. Euromonitor International's Charge Ca ... Read More
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Embedded Finance Revolutionising Cross-Border Transaction
Embedded Finance Revolutionising Cross-Border Transaction Global cross-border transaction market is projected to exceed USD40 trillion in 2028, largely driven by trading. Fast, low cost and secure became the three key service requirements of embedded cross-border transaction solutions, while local p ... Read More
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Debit Cards in Spain
Debit Cards in Spain Banks in Spain are changing their business strategy, resulting in a decline in the number of debit cards issued in 2023. Whilst customers previously had access to a free debit card if they had other banking products and services, including mortgages and insurance, most banks now ... Read More
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Pre-Paid Cards in Spain
Pre-Paid Cards in Spain Closed loop pre-paid cards remain dominant in Spain, accounting for around four-fifths of transactions by value. Indeed, closed loop pre-paid cards issued by the public transportation systems in Madrid and Bilbao (Consorcio Transporte Madrid and Consorcio de Transportes de Bi ... Read More
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Consumer Lending in Portugal
Consumer Lending in Portugal Consumer lending in Portugal is expanding in 2023 amid rising interest rates and decline in households’ disposable incomes. Demand for mortgages is slowing down with card lending posting the most dynamic growth. BNPL, although representing a small share of other personal ... Read More
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Consumer Credit in Portugal
Consumer Credit in Portugal Consumer lending in Portugal maintains its positive growth trend in 2023. Demand for loans both for last-minute expenses and for current expenses is rising as consumers lose purchasing power and as savings stashed during the pandemic diminish. In 2023 all areas are seeing ... Read More
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Store Cards in Portugal
Store Cards in Portugal With the economy reopened post pandemic and consumers returning to store-based outlets, store cards is again enjoying positive growth. In 2023, the category’s growth is boosted by rising consumers’ expenditure levels and high inflation rates. Although there are attractive ben ... Read More
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Consumer Credit in Spain
Consumer Credit in Spain Buy now pay later (BNPL) continues to grow in popularity, particularly among young adults, and there is a notable shift to BNPL loans. A significant number of financial services providers have launched their own BNPL programmes, including Banco Santander, CaixaBank and BBVA, ... Read More
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Pre-Paid Cards in Portugal
Pre-Paid Cards in Portugal Boosted by the recovery of transportation cards, which had suffered severely during the COVID-19 pandemic, closed loop cards is seeing double-digit growth in 2023. Otlis, Lisbon’s transportation system cards, leads in terms of number of cards in circulation. Economic recov ... Read More
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Charge Cards in Portugal
Charge Cards in Portugal With low levels of penetration in the country, charge cards continues to grow in 2023 as it recovers from its sharp drop in 2020 during the COVID-19 pandemic. In 2023, boosted by inflation and by the recovery of business, transaction value is surpassing 2019 levels. Euromoni ... Read More
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Credit Cards in Portugal
Credit Cards in Portugal After a robust rise in 2022, credit cards continues to enjoy positive growth in 2023, boosted by local consumers’ increasing expenditure and higher levels of penetration. However, and in contrast to 2022, in 2023 credit cards is seeing slower growth than debit cards in terms ... Read More
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Financial Cards and Payments in Spain
Financial Cards and Payments in Spain The Spanish economy has performed better than anticipated in 2023, despite the challenges posed by high energy costs and the aftermath of the COVID-19 pandemic, with consumption continuing to recover to 2019 levels, boosted by the recovery of travel and tourism. ... Read More
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World Market for Consumer Finance
World Market for Consumer Finance The world market for consumer finance continues to see card and electronic payment value grow for consumers around the world as consumer confidence strengthens. Card payment value growth over the forecast period is expected to be driven by credit card functions whil ... Read More
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Embedded Finance Driving Growth of Digital Ecosystem: Part II - Key Products
Embedded Finance Driving Growth of Digital Ecosystem: Part II - Key Products From a product perspective, embedded payment market competition has been intensified with digital players, which are challenging the card operators. For deposit and lending, leading banks such as Goldman Sachs and CIMB have ... Read More
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Elevating Engagement: The Loyalty Landscape in Asia Pacific
Elevating Engagement: The Loyalty Landscape in Asia Pacific Asia Pacific is a region characterised by diverse economies, cultures and demographics. In such an environment, loyalty programmes need to be crafted to meet local consumers’ preferences. Asia Pacific is facing a turning point where it can ... Read More
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Embedded Finance Driving Growth of Digital Ecosystem: Part I – Key Drivers
Embedded Finance Driving Growth of Digital Ecosystem: Part I – Key Drivers Embedded finance has been rapidly evolving from non-digital to digital. If finance is the fuel for the economy, then digital embedded finance is the invisible aviation grade fuel powering jets of digital businesses. Supportiv ... Read More
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Sub-Saharan Africa: A Rising Economic Frontier?
Sub-Saharan Africa: A Rising Economic Frontier? The report analyses the economic state of Sub-Saharan Africa. It seeks to assess the opportunities in the region against the backdrop of its young, large and fast-growing population, as well as the bottlenecks Sub-Saharan Africa faces, including widesp ... Read More
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Building Brand Loyalty in Latin America
Building Brand Loyalty in Latin America Customer loyalty in Latin America is evolving amid the evolving consumer preferences and needs. Players must embrace regional macroeconomic, social and consumer specifics to be able to withstand the increasing competition. Embracing technological innovation an ... Read More
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Fintech Applied
Fintech Applied “Fintech Applied” refers to the greater integration of fintech with commerce. Fintech companies are innovating to increase access to financial products and services, improve the security of payments, increase funding, and enhance the merchant and customer relationship. In this next p ... Read More
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Fintech’s Next Phase
Fintech’s Next Phase “Fintech’s next phase” refers to the greater integration of fintech with commerce. Fintech companies are innovating to increase access to financial products and services, improve the security of payments, increase funding, and enhance the merchant and customer relationship. In t ... Read More
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Disruptive Trends in Digital Banks in Asia Pacific and Australasia - III: Recommendations
Disruptive Trends in Digital Banks in Asia Pacific and Australasia - III: Recommendations Besides building ecosystem partnerships, banks have to balance between convenience and data privacy and risk control, on alternative data usage. Also, BNPL poses a threat to banks’ growth, if banks do not under ... Read More
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Disruptive Trends in Digital Banks in Asia Pacific and Australasia - II: Market landscape
Disruptive Trends in Digital Banks in Asia Pacific and Australasia - II: Market landscape Early digital banks in East and South Asia have generated profits. Their success in both developed and emerging markets is a good reference for new digital banks, especially in Southeast Asia. However, a few di ... Read More
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Visa Inc in Consumer Finance (World)
Visa Inc in Consumer Finance (World) Visa is the second largest network operator globally after UnionPay. The company is known for its long-term stability and global reach, enabling secure payments for consumers in all of the world’s regions. 2022 has been a successful year for Visa, as confirmed by ... Read More
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Disruptive Trends of Digital Banks in Asia Pacific and Australasia – How to Win the Profit Battle
Disruptive Trends of Digital Banks in Asia Pacific and Australasia – How to Win the Profit Battle Benefiting from growing smartphone penetration, supportive regulations and so on, a growing number of digital banks have been launched, challenging the incumbents. However, among all digital banks, less ... Read More
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American Express Co in Consumer Finance (World)
American Express Co in Consumer Finance (World) American Express is a diverse financial services provider and is one of the largest card issuers and card networks globally. In financial products, the company is best known for its charge and commercial card products. American Express is one of the fe ... Read More
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