Technology and innovation have fuelled advancements in payments and lending and are poised to contribute to the further evolution over the next five years. Here we look at the key trends that will shape the payments and lending market.
Financial cards are cementing their status as the world's top payment choice, while cash continues its steady decline. Shifting consumer preferences and government pushes for safer, more transparent transactions are driving this shift. Debit cards lead in payment value, but credit cards are set to grow faster globally. Watch this video to find out what lies behind this trend.
This infographic highlights recent trends in payments and lending, and Euromonitor's projections for the industry.
Electronic payments are on the rise across many markets in the APAC region, and this growth is forecast to continue over the next five years. Having already seen some success in markets like China, digital wallets still have further room for growth in the APAC region and while there are many challenges to overcome, the future is bright for this payment method.
Financial experience impacts overall customer satisfaction across travel verticals. While prior analysis discussed intermediaries, lodging, shopping, food and dining, this article focuses on airlines, surface travel modes, attractions and wellness.
The 2020s have been a time of tremendous growth for personal credit cards around the world as large swathes of businesses improved acceptance in the wake of pandemic-era turbulence. Rewards and loyalty programmes remain an important element of the competitive landscape for credit cards across various markets.