Tagged: globaldata

January 29, 2023 @ 6:32 pm By Omar Faridi  |  

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

January 18, 2023 @ 9:52 am By Omar Faridi  |  

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

December 26, 2022 @ 2:17 pm By Omar Faridi  |  

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

December 22, 2022 @ 2:54 pm By Omar Faridi  |  

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

December 18, 2022 @ 6:02 pm By Omar Faridi  |  

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

December 13, 2022 @ 8:00 am By Omar Faridi  |  

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

December 12, 2022 @ 8:13 am By Omar Faridi  |  

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

November 28, 2022 @ 9:27 pm By Omar Faridi  |  

A total of 1,456 venture capital (VC) funding deals worth $19.3 billion were announced in India during January to October 2022, which is a 7.5% growth in deal volume but 29.8% decline in deal value compared to the same period last year,” finds GlobalData, a… Read More

November 27, 2022 @ 10:58 pm By Omar Faridi  |  

The bankruptcy of cryptocurrency exchange FTX has “highlighted the risk of crypto investment with a number of investors having to write off their losses” including Singapore state investment firm Temasek Holdings (Private) Ltd. The company recently announced that “it would write off $275 million invested… Read More

September 25, 2022 @ 10:56 pm By Omar Faridi  |  

Amid the funding winter, 128 Indian startups have managed to “raise $995.1 million in August 2022, which is a 9.7% growth compared to the previous month,” reveals GlobalData, a data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although the total VC funding… Read More

September 20, 2022 @ 9:52 pm By Omar Faridi  |  

The Taiwanese card payments market will “grow by 6.2% in 2022 to reach TWD3.5 trillion ($127.5 billion), as the country’s economy gradually recovers from the COVID-19 pandemic,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment Cards Analytics, the value of card payments… Read More

September 17, 2022 @ 4:27 pm By Omar Faridi  |  

The UK happens to be the “top” European market and is also one of the key global markets for venture capital (VC) funding, according to an update from GlobalData. However, it has been “experiencing a subdued funding activity in the recent months with monthly VC… Read More

August 23, 2022 @ 8:17 pm By Omar Faridi  |  

The New Zealand payment card market is expected to “gradually recover” from the COVID-19 pandemic to register a compound annual growth rate (CAGR) of 5.0% “between 2022 and 2026 and reach NZ$98.0 billion ($67.1 billion) in 2026,” forecasts GlobalData, a data and analytics company. According… Read More

August 18, 2022 @ 3:38 pm By JD Alois  |  

While so much of Fintech boomed during the height of the COVID health crisis due to lockdowns, social distancing, and a rise in shopping online, Insurtech is one area of Fintech that fortunes sagged, at least according to GlobalData’s numbers. According to their research, in… Read More

August 8, 2022 @ 9:09 pm By Omar Faridi  |  

The Malaysian card payments market is “set to record a robust growth of 15.2% in 2022, supported by the gradual rise in consumer spending, government’s financial inclusion measures, and increasing preference for contactless payments,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment… Read More

July 11, 2022 @ 5:29 pm By Omar Faridi  |  

  Business sentiment towards cryptocurrencies as a “theme” declined by 8% in Q2 2022 verses Q1 2022, according to the Company Filings Analytics Database by GlobalData. The data and analytics company notes that crypto’s sentiments “have been on the downtrend since Q4 2021.” As part… Read More

July 3, 2022 @ 9:27 pm By Omar Faridi  |  

Following the news that non-fungible token (NFT) marketplace OpenSea had suffered a data breach, Kaleb Ells, Analyst on the Thematic Team at GlobalData, a data and analytics company, noted: “This mass data breach highlights that OpenSea is not yet providing the security fundamentals that are… Read More

April 30, 2022 @ 12:27 pm By Omar Faridi  |  

Asia-Pacific is getting ready for the next phase of its real-time payments journey as the region’s key service providers look for new growth opportunities and prepare “to enter the next stage of their real-time payments development.” This, according to the third edition of Prime Time… Read More

April 19, 2022 @ 9:49 pm By Omar Faridi  |  

Buy Now, Pay Later (BNPL) is gaining prominence and emerging “as an alternative credit tool for consumers in Australia, with tech-savvy millennials especially using the service,” according to a report from GlobalData, a data and analytics firm. BNPL offers clients with the flexibility or option… Read More

December 27, 2021 @ 1:40 pm By Omar Faridi  |  

The blockchain and crypto-assets space has grown tremendously during the past 18 months due in part to the acceleration of the ongoing digital transformation. Many more consumers and business organizations are completing tasks online instead of visiting physical locations to avoid the further spread of… Read More