The global post-COVID-19 tokenization market size is forecasted to grow from USD 1.9 billion in 2020 to USD 4.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.5% during 2020–2025. The major growth drivers for the market include increasing need to stay compliant with regulations, growing need to ensure continuous customer experience...
The COVID-19 pandemic had a major impact on Israel’s financial cards and payments industry during 2020. Financial Cards and Payments in Israel report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market...
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 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...
Like many markets, Hong Kong has been hit hard by COVID-19 and its measures taken to control it. Hong Kong’s economy was already under pressure with GDP contracting by 1.2% in 2019 and, with the added challenges presented by COVID-19, GDP is expected to decline by 6% in 2020. With added political tensions due to Hong Kong’s strained relations...
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...
The strict measures taken to control the spread of COVID-19 in India, including a nationwide lockdown, has taken a heavy toll on the country’s economy with trade, transport and construction all being badly hit. The lockdown disproportionately hit small businesses with limited cashflow, with this impacting supply and distribution chains. After...
United Kingdom E-Commerce Payment Market & Forecast, by Category (Clothes & Sports, Travel, Electronic, Others), Payment Method (Bank Transfer, Card, D-Wallet, & Others), Bank Analysis The United Kingdom e-commerce sector continues to be one with high growth, innovation and dynamism. Cards transactions...
The COVID-19 dynamic had a strong impact on all categories of financial cards and payments during 2020. In general, consumer spending was under pressure for much of the year as many households sought to avoid all unnecessary spending due to the hostile and uncertain economic environment that unfolded over the course of the year. This suppressed...
Italy Cards and Payments - Opportunities and Risks to 2024 Summary ’Italy Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Italian cards and payments industry. It provides values and volumes for a number of key performance indicators...