Category: Service Industries
Service Industries market research reports by Euromonitor International
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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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New Economic Reality: Geopolitical Risks and Globalisation Reset
New Economic Reality: Geopolitical Risks and Globalisation Reset The global economy is facing weaker growth and increasing fragmentation, as a result of rising geopolitical tensions, especially due to the war in Ukraine and the US-China strategic rivalry. Protectionism, industrial policy and a focus ... 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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Financial Cards and Payments in Latin America
Financial Cards and Payments in Latin America Although it is not the case in Brazil, the region’s biggest market, cash is still the leading payment method in many Latin American countries. However, governments and financial institutions are working hard to encourage greater use of cards and digital ... Read More
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UnionPay in Consumer Finance (World)
UnionPay in Consumer Finance (World) Although UnionPay is the largest card operator globally by card payment value, it is still far behind Visa and Mastercard outside China across all card segments. Besides commercial cards, its mobile app and QR, in which it has been expanding, UnionPay could explo ... Read More
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Economies in 2023
Economies in 2023 Euromonitor International forecasts global economic growth to slow significantly to 2.3% in 2023, as demand weakens amid uncertainties, inflation and tightened financial conditions. Unemployment could rise, but the labour market will remain tight. Commodities prices are expected to ... Read More
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Digital Payments in Mobility Index 2022:Where to Play Next?
Digital Payments in Mobility Index 2022:Where to Play Next? Consumer mobility is evolving as urbanisation, sustainability and growing technological savviness are driving demand for travel supported by dynamic payment solutions. Euromonitor International introduces the Digital Payments in Mobility In ... Read More
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Charge Cards in Vietnam
Charge Cards in Vietnam American Express signed a partnership with Vietnam JSC Bank for Industry & Trade (Vietinbank) in 2021 to increase acceptance of its cards in Vietnam. However, charge cards are not issued in Vietnam and there is unlikely to be any significant demand for them in the future. The ... Read More
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Store Cards in Vietnam
Store Cards in Vietnam Store cards have a negligible presence in Vietnam with there being little interest or awareness of these card products. Furthermore, the government strictly controls the supply of credit in Vietnam which makes it a complicated and lengthy process to offer store cards, which di ... Read More
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Financial Cards and Payments in Saudi Arabia
Financial Cards and Payments in Saudi Arabia Owing to the Saudi Vision 2030, Saudi Arabia had already been taking steps to transform into a cashless society, even before the COVID-19 pandemic hit. With the pandemic measures greatly supporting this cause, Saudi Arabia has witnessed significant progre ... Read More
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