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.
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.
Consumer payment preferences in Latin America have shifted significantly since 2019, with electronic transfers challenging cash and card usage. Real-time payments (RTPs), which enable instant electronic transfers from different bank accounts, have emerged, reducing fees and increasing accessibility to new digital payment methods for both consumers and merchants in the region.