Overall consumer expenditure in Romania has been negatively impacted by the COVID-19 outbreak and consequent widespread decline in demand for services, tourism and foodservice throughout the country. Consumer payments were already shifting away from cash before the pandemic, in line with ongoing technological development and rising demand...
Numerous interesting trends emerged in Peru’s financial cards and payments industry as a result of the COVID-19 pandemic during 2020. The most important and influential of these trends was the substantial shift seen away from the use of cash and towards the use of financial cards in general. This trend needs to be assessed within the context...
Overall consumer expenditure in Austria has been negatively impacted by the COVID-19 outbreak and consequent widespread decline in demand for services, tourism and foodservice throughout the country. Consumer payments were already shifting away from cash before the pandemic, in line with ongoing technological development and rising demand...
The COVID-19 pandemic had a relatively limited use on the use of financial cards in Morocco during 2020. This mainly because cash remains the payment method used for the vast majority of transactions in the country. For this reason, the Moroccan population reacted to the announcement of the quarantine lockdown during late March by flocking...
Overall consumer expenditure in Denmark has been negatively impacted by the COVID-19 outbreak and consequent widespread decline in demand for services, tourism and foodservice throughout the country. Consumer payments were already shifting away from cash before the pandemic, in line with ongoing technological development and rising demand...
The COVID-19 pandemic had a fairly limited impact on Norway’s financial cards and payments industry over the course of 2020. The main reason for this is that Norway’s official response to the pandemic was relatively moderate in comparison with what was seen in most other European countries. Financial Cards and Payments in Norway report...
The change in credit conditions in the current situation has generated three distinct new trends in the financial cards and payment market: a drop in demand; a loosing of lending criteria; and a greater perception of risk by lenders. Financial Cards and Payments in Colombia report establishes the size and structure of the market for...
Overall consumer expenditure in Russia has been negatively impacted by the widespread decline in demand for services, tourism and foodservice throughout the country and consequent impact on GDP. Consumer payments were already shifting away from cash before the COVID-19 outbreak, in line with ongoing modernisation and government programmes...
Although transaction value growth had been relatively anaemic in recent years in current value terms, it had, at least, been positive. In 2020, this has changed, with consumer payments expected to record quite a marked decline. Card transactions will have fallen over the course of 2020, although cash transactions, already on a downward trajectory...
Significant declines were seen in transactions value across all categories of financial cards and payments over the course of 2020 as the COVID-19 pandemic took its toll on commercial activity of all types across Thailand. There were two main outcomes of the COVID-19 pandemic of specific relevance for financial cards and payments. Financial...