Category: Financial Services
Asia Financial Services
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Consumer Credit in South Korea
... as “thin filers”, to obtain goods and pay at a later date. Globally, many thin filers prefer using BNPL over credit cards. However, South Korea exhibits a different trend compared to the rest of the ... Read More
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Debit Cards in South Korea
... fundamental factors; namely the declining teenage population and the surging prominence of mobile payment methods. In the context of South Korea, debit cards have traditionally found their principal user base among teenagers, particularly those who ... Read More
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Financial Cards and Payments in South Korea
... the widespread adoption of mobile financial services, a trend that has gained significant traction, especially in response to the challenges posed by the pandemic. Local governments, with Seoul leading the way, are spearheading innovative initiatives ... Read More
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Consumer Lending in South Korea
... on card lending (encompassing card purchases and loans against the card) has notably risen in 2023 to outperform gross lending. Due to increased loan requirements by banks to mitigate delinquency rates, consumers with low creditworthiness ... Read More
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Non-Life Insurance BRIC (Brazil, Russia, India, China) Industry Guide 2018-2027
... The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Key Highlights Brazil, Russian Federation, India and China (BRIC) are the emerging and fast ... Read More
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Life Insurance BRIC (Brazil, Russia, India, China) Industry Guide 2018-2027
... The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Key Highlights Brazil, Russian Federation, India and China (BRIC) are the emerging and fast ... Read More
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Philippines Remittance Market Size and Forecast (2018-2028)
... crucial support system for millions of Filipino families. Notably, the Philippines ranks as the world's fourth-largest remittance market, trailing behind India, China, and Mexico, as outlined by the World Bank. These remittances from overseas Filipinos ... Read More
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China Economy Performance and Forecast - Edition 2023
... shifted from double-digit figures to a more sustainable pace, still outpacing many major economies. Following the relaxation of COVID restrictions, economic activity picked up momentum, experiencing a notable increase of 4.5% in Q1 2023 compared ... Read More
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Indonesia Insurance Industry - Governance, Risk and Compliance
... analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies ... Read More
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Payments in Asia/Pacific 2023: Real-Time, Cross-Border, and Localization Trends Dominate
... services, several key themes, such as real-time payments, buy-now-pay-later payment schemes, cross-border payments, local payment networks, and payments as a service, are driving the development of a unique payment composition in the region that is ... Read More
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Azerbaijan Insurance Industry - Governance, Risk and Compliance
... analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies ... Read More
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Pre-Paid Cards in Thailand
... transportation systems BTS and MRT. During the COVID-19 pandemic, commuting dropped dramatically leading to a significant contraction in transaction spend. After a strong recovery in 2022, pre-paid card transactions continue to enjoy double-digit growth in ... Read More
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Debit Cards in the Philippines
... making cash withdrawals. This was because most people were either unaware that they could use their debit card to make cashless transactions or were reluctant to use them because of security concerns. However, the COVID-19 ... Read More
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Financial Cards and Payments in Thailand
... aided by the government program “Shop Dee Mee Kuen” (Shopping and Payback), which stimulated demand in the first quarter of the year. Card transactions have shown an improvement in both value and volume of transactions ... Read More
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Financial Cards and Payments in Malaysia
... a cashless society in Malaysia, pushed by the government and private actors, such as retailers, and accelerated by the experience of the pandemic, continue to dictate many of the developments in the industry. This is ... Read More
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Charge Cards in Thailand
... era, consumers have returned to routine spending, with robust value growth in 2023 in terms of charge card transactions. The strong rebound in the tourism and hospitality industry is having a notable impact, with high-income ... Read More
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Credit Cards in Malaysia
... credit cards in circulation is rebounding, following declines caused by the effects of the pandemic on the business and travel operations of companies. The reopening of society and related growth in both personal and commercial ... Read More
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Pre-Paid Cards in the Philippines
... especially for lower-income Filipinos. These developments were primarily driven by the state-run Land Bank of the Philippines - LBP as it continued to collaborate with different government agencies. The bank is strengthening its partnership with ... Read More
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Store Cards in Thailand
... programme covers a variety of goods and services such as fuel, food and beverages, products sold in convenience stores, IT equipment, computers, smartphones, and books (excluding alcohol, cigarettes, and vehicles). The scheme is designed to ... Read More
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Debit Cards in Thailand
... has launched cardless withdrawals to bring greater convenience to customers. Payment service providers also offer free cash transactions across all channels to support students or low-income earners who frequently withdraw a small amount of money. ... Read More
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Charge Cards in Malaysia
... supply of charge cards from banking institutions in Malaysia. Indeed, many banks have dropped their offer of charge cards, especially commercial charge cards, due to limited demand in the market. Over 2023, the numbers of ... Read More
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Credit Cards in the Philippines
... reflects local consumers’ resurgence in terms of shopping, travelling and purchasing goods after around two years of COVID-19 lockdown and other restrictions. The notable increase in credit card billings serves as an indicator of heightened ... Read More
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Debit Cards in Malaysia
... transactions. The increased numbers of POS terminals is widening the acceptance of debit cards nationwide. That this is occurring without incurring minimum spend requirements further boosts the use of personal debit cards. The development of ... Read More
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Pre-Paid Cards in Malaysia
... a trend accelerated by the Coronavirus (COVID-19) pandemic, many local consumers, including those among the unbanked population, who do not own a financial card of any type, are more likely to convert to pre-paid cards. ... Read More
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Financial Cards and Payments in the Philippines
... stabilise, the Philippines continues to experience robust growth in both volume and value terms within digital payments. This growth is observed across various areas of financial cards and payments. Notably, travel, dining, entertainment and e-commerce ... Read More