A total of 1,098 venture capital (VC) funding deals worth $12 billion were announced in the UK during January-October 2023. Both deal volume and value recorded year-on-year (YoY) decline “compared to the VC funding activity registered during January-October 2022,” reveals GlobalData, a data and analytics… Read More
The UK witnessed 898 venture capital (VC) funding deals of worth $8.7 billion during January-August 2023. This represents “a 27.2% drop in the volume compared to the same period in 2022.” Notably, the decline in terms of disclosed deal value “was significantly steeper, registering at… Read More
The US startup ecosystem witnessed a considerable decline in venture capital (VC) funding activity “during the first three quarters (Q1-Q3) of 2023.” A total of 5,448 VC funding deals “with disclosed value worth of $89.3 billion were announced in the US during the period.” This… Read More
A total of 40,374 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during the first three quarters (Q1-Q3) of 2023. This represents a year-on-year (YoY) “decline of 24.3% in volume over 53,369 deals announced during the same period… Read More
A total of 9,527 deals (mergers & acquisitions (M&A), private equity, and venture financing deals) were announced in the Asia-Pacific (APAC) region during January to August 2023, which was “a decline of 21.5% over the 12,142 deals announced during the same period in 2022,” according… Read More
China is set to retain its dominant position in the global e-Commerce landscape, according to an update shared by GlobalData. Bolstered by a solid 9.9% growth, the Chinese e-Commerce market is “anticipated to surge to CNY 15.2 trillion ($2.2 trillion) in 2023, driven by the… Read More
A total of 808 venture capital (VC) funding deals “worth $8 billion were announced in the UK during January to July 2023,” according to a recent update shared by GlobalData. Both VC funding deals volume and value “witnessed considerable year-on-year (YoY) decline of 28.4% and… Read More
Alternative payment methods such as mobile and digital wallets are being widely used in the e-Commerce space in Singapore, “accounting for 38.6% of the payments made on the online payments in 2023,” reveals GlobalData, a data and analytics company. GlobalData’s e-Commerce Analytics reveals “that Singapore’s… Read More
A total of 2,765 mergers and acquisitions (M&A) deals were announced in the Asia-Pacific (APAC) region during January to May 2023, “a decline of 16.3% compared to the 3,304 M&A deals announced during the same period in the previous year,” finds GlobalData, a data and… Read More
Hong Kong’s card payments market is “expected to grow by 4.8% to reach HKD1.06 trillion ($136.0 billion) in 2023, supported by an economic rebound and a growing consumer preference for electronic payments,” says GlobalData, a data and analytics company. According to GlobalData’s Payment Cards Analytics,… Read More
Venture capital (VC) funding activity in the US experienced a significant decline from January to May 2023. A total of 3,532 VC funding deals of worth $55.3 billion “were announced in the US during the period.” This represents “a year-on-year (YoY) decline of 36.4% in… Read More
One in every five global consumers surveyed in 2022 said they “fell victim to payments fraud in the last four years — 26.9% of whom are victims of Authorized Push Payment (APP) scams, which is the number one fraud threat globally” — according to the… Read More
Card payments in the Philippines are set to “grow by 10.1% in 2023 to reach PHP2.5 trillion ($45.3 billion) in 2023,” forecasts GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveal “that the card payments market in the Philippines registered a growth of… Read More
The Hong Kong credit and charge card payments market is set “to grow at a compound annual growth rate (CAGR) of 3.9% between 2022–2026 to reach HKD 831.9 billion ($106.7 billion) in 2026, driven by a significant shift in consumer preferences towards non-cash payment methods… Read More
The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More
Deal activity (mergers & acquisitions [M&A], private equity, and venture financing deals) in the Asia-Pacific (APAC) region “continues to bear the brunt of the ongoing global geopolitical issues and volatile market conditions on the back of rise in the number of COVID-19 cases in some… Read More
Following the news that British lender TSB Bank was fined $48.65m ($59.07m) by the Financial Conduct Authority and the Prudential Regulation Authority over “a botched IT platform migration that left two million customers locked out of their accounts in 2018,” Chris Dinga, Payments Analyst at… Read More
With embedded finance set to become a “quintessential” component of many industries, smaller businesses and individuals can now “have greater access to financial services than ever before owing to banking-as-a-service (BaaS),” according to an update from GlobalData. With the right partners and systems in place,… Read More
Driven by vaccination certificates, the need for identity checks in financial services, and the potential of the metaverse, governments across the world “realize the benefits and the importance of digital identity, enabling the technology to take off,” says GlobalData, a data and analytics company. GlobalData’s… Read More
The current business environment is getting tougher with higher interest rates, rising inflation, talent crunch, and weaker supply chains while investors “are increasingly demanding profitable growth,” according to an update from GlobalData. To hedge against these shifts, startups as well as bigger corporations are “revisiting… Read More
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