Category: Financial Services
Asia Financial Services
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Consumer Credit in Indonesia
... as a result of increased community mobility since the removal of restrictions imposed to limit the spread of COVID-19, as well as promotional activities by players. The end of the year has been a key ... Read More
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Consumer Credit in Thailand
... in the service sector, which is key to driving economic growth. In addition, inflation has returned to its target range as a result of an upturn in consumer confidence. Private consumption in the country increased ... Read More
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Pre-Paid Cards in Hong Kong, China
... interest among local residents to explore the mainland during weekends or holidays, Octopus has strategically capitalised on the integration of the Greater Bay Area. To cater for the needs of Hong Kong residents travelling to ... Read More
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Consumer Credit in Malaysia
... providing flexible repayments and offering longer repayment terms when required. The ongoing economic uncertainty in Malaysia is expected to see more efforts by banks to stimulate personal loans over 2023. However, while some local consumers ... Read More
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Debit Cards in Indonesia
... lifting of restrictions imposed to limit the spread of COVID-19 has been the main reason for the category’s strong performance. The high public interest in visiting shopping centres again, not only for shopping, but also ... Read More
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Charge Cards in Hong Kong, China
... Diners Club are determined to customise their latest offers to better cater for this shrinking client base. Following the reopening of borders, there has been a surge in revenge travel, leading to a significant shift ... Read More
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Consumer Credit in Turkey
... cards when they needed small sums of money. This shift in consumer behaviour can be attributed to the Central Bank's deliberate efforts to sustain consumer demand prior to the government elections by keeping interest rates ... Read More
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Analysis by Region - Emerging Markets - Lao PDR
... therefore revised our 2024 GDP growth forecast to 4.6% y/y. Our updated forecast reflects lower household real income due to elevated inflation that is being driven by rapid kip depreciation and high global commodity prices. Read More
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Credit Cards in Taiwan
... United Bank with 5.77 million, CITIC Bank with 5.34 million, E Sun Bank with 4.69 million, Taishin Bank with 4.26 million, and Fubon Bank with 3.27 million active cards. Euromonitor International's Credit Card Transactions in ... Read More
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Consumer Credit in the Philippines
... options, particularly salary-based general purpose loans. Meanwhile, the performances of some categories, such as auto and home lending, have come under pressure, partly due to the higher interest rates introduced during the year. Economists point ... Read More
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Consumer Lending in the Philippines
... share of consumers also resorted to loans to manage their expenses. Notably, there has been a rise in loans, especially in credit cards and personal loans. The Bangko Sentral ng Pilipinas (BSP), the central bank ... Read More
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Consumer Lending in Indonesia
... as a result of people's increased mobility since the end of the COVID-19 crisis, people's rising purchasing power (which is also being supported by the relaxation of COVID-19 related policies), especially for the middle-income segment, ... Read More
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Consumer Lending in Taiwan
... of institutions holding significant liquid funds. Taiwanese consumers are increasingly open to borrowing credit, a trend driven by economic stability, technological advancements, and streamlined credit procedures. Euromonitor International's Consumer Lending in Taiwan report establishes the ... Read More
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Consumer Credit in Vietnam
... to increase their lending activities, including consumer lending, the State Bank issued Circular No. 06/2023/TT-NHNN on 28 June 2023, amending and supplementing certain provisions of Circular No. 39/2016/TT-NHNN, which regulates credit activities of credit institutions ... Read More
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Store Cards in Turkey
... payment in specific retail outlets. Over the forecast period, prospects for store cards remain weak as consumers seeking “pay later” functionality have the established option of credit cards. Euromonitor International's Store Card Transactions in Turkey ... Read More
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Pre-Paid Cards in Turkey
... cards to access their wages, a different consumer profile is emerging among underage individuals, students, and unemployed young consumers. These individuals often opt for pre-paid cards, as they can up-load cash and use them for ... Read More
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Debit Cards in Turkey
... consumers to use their debit cards for small purchases, while saving their credit cards for more expensive purchases. Moreover, the continued demand for e-commerce also fuelled debit card purchases online. Some banks offer loyalty campaigns ... Read More
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Global Macroeconomic Outlook - Q4 2023 Update
... such as anticipated real disposable income growth, a diminished influence of rate hikes on growth, and the expected recovery in industrial activity are set to strengthen global growth in the year ahead. However, potential challenges ... Read More
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India Blockchain Technology Market Forecast to 2030
... with a range of international organizations and technology businesses emphasizing the benefits of its use in lowering operational and compliance costs while also enhancing efficiency. While the technical foundations of the technology might be scary ... Read More
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Consumer Lending in China
... However, growth in consumer lending in China is expected to be slow, following the sluggish growth of domestic consumption and an ongoing real estate crisis, which is raising concerns over the stability of the financial ... Read More
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Charge Cards in Singapore
... restrictions have been removed. The revival of international travel, encompassing both personal and business purposes, has played a pivotal role in driving the growth of charge card transactions. Charge cardholders, often comprising individuals who are ... Read More
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Financial Cards and Payments in Singapore
... driven by the rise of digitalisation, empowering payment industry stakeholders to create seamless payment solutions for both card-based and electronic direct/ACH transactions. As a result, paperless contactless payments have gained significant traction throughout Singapore. Euromonitor ... Read More
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Credit Cards in Singapore
... travel has become the key growth driver for recent credit card offerings and promotional campaigns, resulting in a highly competitive landscape. To meet the ongoing demand and capitalise on the increasing desire for travel experiences, ... Read More
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Consumer Lending in Japan
... players, such as LINE Pocket Money by LINE Credit Corporation and Merpay Smart Money by Merpay Inc, have different screening methods compared to conventional loan service providers, making them even more accessible for consumers, especially ... Read More
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Pre-Paid Cards in Singapore
... convenient payment solution for various modes of public transportation, but it has also garnered popularity among Singaporeans travelling abroad. EZ-link previously launched its digital wallet application, EZ-link Wallet, integrating the pre-paid card with users' mobile ... Read More
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