Card payments in Singapore to grow by 14.3% in 2024, forecasts GlobalData
The Singapore card payments market is forecast to grow by 14.3% in 2024, supported by a constant consumer shift towards non-cash payments.
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Tag: GlobalData
South Korea card payments market to reach almost $1 trillion in 2024
The South Korean card payments market is forecast to reach almost $1 trillion supported by high consumer preference for electronic payments.
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South Africa card payments market to reach $125 billion in 2024 – GlobalData
South Africa’s card payments market is forecast to grow by 11.4% in 2024 supported by a continued shift towards non-cash payments
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GlobalData: Mobile wallets dominate China payment landscape
Mobile wallets have become the dominant payment method in China, with over 84% of users utilising them for transactions in the past year.
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Saudi Arabia card payments market to grow by 7.6% in 2024
GlobalData’s Payment Cards Analytics has revealed that card payment value in Saudi Arabia registered a growth of 17.8% in 2022, followed by 9.7% in 2023 to reach SAR511.5bn ($136.4bn), driven by a rise in consumer spending.
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Mobile wallet payments in India to surpass $6 trillion in 2028, forecasts GlobalData
Mobile wallet adoption is surging in India, swiftly becoming a primary payment option, surpassing traditional methods like cash and cards.
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GlobalData: E-commerce market to grow 9.5% annually by 2027
The value of e-commerce transactions will continue to rise between now and 2027, driven by improved technology, new delivery services, and wider internet adoption.
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China continues to lead global e-commerce market with expected $2.2 trillion sales in 2023, says GlobalData
China accounted for 33.9% share in the global e-commerce market in terms of payments value in 2022. It was followed by the US with $1.8 trillion while the UK stood at a distant third with $287.4 billion.
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Alternative payments account for nearly 40% of e-commerce transactions in Singapore in 2023
Alternative payment methods such as mobile and digital wallets are being widely used in the e-commerce space in Singapore, accounting for 38.6% of online payments made in 2023, a GlobalData report has revealed.
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Saudi Arabia card payments market to grow by 14.6% in 2023, forecasts GlobalData
Saudi Arabia card payments market to grow by 14.6% in 2023, forecasts GlobalData
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