Coronavirus (COVID-19) had a major impact on financial cards and payments in 2020, with a marked slowdown in consumer payment transactions. The pandemic helped to speed up the ongoing move away from cash, with consumers and retailers avoiding handling cash for health reasons. This helped encourage consumers to move in the direction of contactless...
Rabobank - Enterprise Tech Ecosystem Series Summary Rabobank Group is a global banking and related financial solutions provider.It is also a leading bank for the food, agribusiness, and beverage industries. It offers a wide range of products and services, including accounts, deposits,...
The global shift away from cash payments at POS The spread of COVID-19 speeds the acceptance of alternatives to cash The COVID-19 health crisis has affected the payment preferences at point of sale for shoppers around the world. A survey cited in the publication indicates that a large double-digit share...
Ireland Cards and Payments - Opportunities and Risks to 2024 Summary ’Ireland Cards and Payments - Opportunities and Risks to 2024’ 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 indicators...
The North America Real-Time Payments Market would witness market growth of 31.5% CAGR during the forecast period (2020-2026). Real-time payment is considered as an immediate, instant, quick payment and is capable of supporting retail, person to person, and mobile payments. Real-time payment systems provide an immediate interbank electronic...
Financial cards and payments were significantly impacted by Coronavirus (COVID-19) during 2020. While the pandemic had a negative effect on overall consumer speeding in this year, it also helped to speed up the ongoing move away from cash. Consumers and retailers tried to avoid handling cash for health reasons, boosting card use, and, in particular,...
Indonesia Cards and Payments - Opportunities and Risks to 2024 Summary ‘Indonesia Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Indonesian cards and payments industry. It provides values and volumes for a number of key performance...
The emergence of the pandemic and subsequent lockdown measures introduced by the government in an attempt to control the spread of the virus had a significant impact on transaction value across consumer payment transactions in 2020, due to price sensitivity amongst many South Africans as result of rising unemployment and decreasing disposable...
Turkey Cards and Payments - Opportunities and Risks to 2024 Summary ’Turkey Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Turkish cards and payments industry. It provides values and volumes for a number of key performance indicators...
Like in most countries, GDP growth in South Korea was negatively impacted by COVID-19 in 2020. Similarly demand for taking on credit and consumer repayment capacity has also been hit hard. However, the decline in consumer payment transaction volume and value was not equally distributed across card, cash and electronic payments. For example,...