Payments Landscape in Ukraine: Opportunities and Risks to 2022 Summary Ukraine’s economy was severely affected by the global financial crisis of 2008 and the political crisis of 2013-14, which had a significant impact on the country’s banking industry.As a result, over 90 banks were declared insolvent...
A robust economy, rising disposable incomes and strong consumer confidence all supported the transaction value and volume growth of financial cards in Germany in 2018. German consumers showed themselves to be willing to spend their money, increasingly using cards instead of cash. New EU regulations, such as the Interchange Fee Regulation and...
Venezuelans are concerned about obtaining bolivars for any transaction, as they will need more notes to buy the same thing. The smallest denomination of paper money in any country should be intended to at least be able to pay for short transportation trips or small goods. However, such a premise is far from the reality in Venezuela. Thus,...
In a continuation from earlier years, Sweden witnessed a robust trend in which cash payments declined, while digital payments eroded the share of payment by financial cards. In terms of payment types, cash has already dropped to single-digit values while retaining a somewhat higher share in transactions. According to a survey by Riksbank –...
Payments Landscape in Germany: Opportunities and Risks to 2022 Summary GlobalData’s "Payments Landscape in Germany: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the German cards and payments industry. It provides values and volumes for a number of key performance...
Payments Landscape in Ireland: Opportunities and Risks to 2022 Summary GlobalData’s "Payments Landscape in Ireland: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Irish cards and payments industry. It provides values and volumes for a number of key performance...
Payments Landscape in Russia: Opportunities and Risks to 2022 Summary The Russian payment card market evolved at a rapid pace during the review period; it experienced a strong compound annual growth rate (CAGR) of 20.6% between 2014 and 2018, in terms of the overall transaction value. Consumers are...
Payments Landscape in the Philippines: Opportunities and Risks to 2022 Summary Cash remains the most popular consumer payment instrument in the Philippines, accounting for 99.4% of the country’s total payment transaction volume in 2018. This is mainly due to the high unbanked population, inadequate...
Payments Landscape in Nigeria: Opportunities and Risks to 2022 Summary The use of cash for consumer payments remains highly prevalent among Nigerians, especially among the rural population; this is primarily due to a limited public awareness of other instruments and limited access to banking infrastructure.However,...
Payments Landscape in the UAE: Opportunities and Risks to 2022 Summary Cash remains the preferred method of payment in the UAE, accounting for 82.0% of total payment transaction volume in 2018. However, consumers are gradually shifting towards electronic payments as both awareness and the benefits...