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GlobalData

Banking

SEPA Instant will account for 18% of all euro payments by 2035, forecasts Celent, a GlobalData company

The Instant Payments Regulation (IPR) mandating availability of immediate payments for euro-denominated credit transfers is a watershed moment for Europe’s payments market, moving instant transfers from a niche offering to a mainstream expectation. Against this backdrop, SEPA Instant Payments (SCT Inst) are set to account for 18% of all euro payments by 2035, driven by […]
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Vietnam card payments market to surpass $70 billion in 2029, forecasts GlobalData

The Vietnamese card payments market is forecast to register a compound annual growth rate (CAGR) of 9.7% between 2025 and 2029 to reach VND1.8 quadrillion ($70.6 billion) in 2029, supported by improving payment infrastructure, rising banking penetration, and regulatory measures that enhance security and strengthen trust in electronic transactions, forecasts GlobalData, a leading intelligence and […]
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Malaysia card payments market to grow by 6.1% in 2025, forecasts GlobalData

The Malaysia card payments market is forecast to grow by 6.1% in 2025 to reach MYR408.5 billion ($89.3 billion), supported by the increasing adoption of electronic payments. The growth is being underpinned by government-led efforts to build digital payment infrastructure, rising adult banking penetration, wider access to bank accounts and payment cards, and the continuing […]
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Hong Kong card payments to rise 4.5% in 2025, forecasts GlobalData

The Hong Kong (China SAR) payment card market is mature, yet the total card payment value is forecast to grow by 4.5% in 2025 to reach HKD1.32 trillion ($168.4 billion), supported by the ongoing efforts to promote electronic payments and the steady build-out of acceptance infrastructure, according to GlobalData, a leading intelligence and productivity platform. […]
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Thailand card payments to rise by 2.7% in 2025, forecasts GlobalData

Thailand’s total card payments market is forecast to grow by 2.7% in 2025 to reach THB2.3 trillion ($65.4 billion), supported by the expansion of payment acceptance infrastructure, government-led financial inclusion initiatives, and the increasing adoption of contactless payments, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Payment Cards Analytics reveals that the total […]
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Philippines card payments set to grow 18.8% in 2025, forecasts GlobalData

The Philippines’ card payments market is projected to grow by 18.8% in 2025 to reach PHP4.2 trillion ($72 billion), supported by sustained financial inclusion efforts and improving acquiring infrastructure, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that the total card payment value in the Philippines grew by 20.5% […]
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Singapore card payments market to grow by 6.2% in 2025, forecasts GlobalData

Singapore’s card payments market is forecast to grow by 6.2% in 2025, reaching SGD158.2 billion ($119.6 billion), supported by near-universal bank access, extensive merchant acceptance, and rising use of contactless cards, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that the card payment value in Singapore increased robustly in […]
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Two in five FS organizations got involved with cryptos in H1, showing growing confidence in digital currencies technology, says GlobalData

20% of financial services (FS) industry insiders reported having cryptos as part of their organizations’ core operation in a sentiment poll* conducted globally across GlobalData’s FS news media sites during the first half (H1) of 2025. An additional 20% are expected to follow suit, either having implementation plans in place (6%), or looking into strategies […]
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Agentic and GenAI adoption across capital markets rises but financial institutions temper expectations, finds Celent, a GlobalData company

54% of survey respondents expect to have Agentic AI in production next year GenAI sentiment down YoY as industry focuses on ROI Financial institutions across capital markets indicates respondents are taking a reality check when it comes to expectations around GenAI and Agentic AI. While financial institutions quickly implemented the more straight-forward use cases such […]
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Vietnam card payments market to grow by 5% in 2025 to reach $48.7 billion, forecasts GlobalData

The card payments market in Vietnam is expected to grow by 5% to reach VND1.2 quadrillion ($48.7 billion) in 2025, supported by the constant consumer shift towards non-cash payments. While cash remains dominant, strong government support, growing card penetration, and evolving consumer preferences are supporting the country’s transition to a less cash-dependent economy and reshaping […]
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Gen AI and agentic AI drive next stage in trade finance digitization, says Celent, a GlobalData company

Trade finance remains slowed by manual processes, paper documents, and persistent fraud, delaying operations by days and increasing risk. Emerging generative AI (GenAI) and agentic AI applications offer banks an opportunity to digitize critical workflows, improve efficiency, strengthen risk detection, and enhance customer experience, potentially transforming trade finance operations and creating a competitive edge in […]
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India e-commerce market to surpass $200 billion mark in 2025, forecasts GlobalData

India’s e-commerce market is forecast to grow by 12.5% in 2025, reaching INR17.7 trillion ($211.6 billion). This rapid growth will be driven by strong consumer appetite for online shopping and growing trust in digital payments. The sector’s momentum reflects deeper digital integration, government-led policy support, and rising adoption of AI-driven payment innovations, reveals GlobalData, a leading […]
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Revolut’s UK banking license delay highlights gap between innovation and regulation, says GlobalData

Revolut’s meteoric rise to over 65 million users across 38 markets underscores how digital-first banks are reshaping global finance. However, the neobank’s wait for a full UK banking license exposes a deeper challenge: how regulators adapt legacy frameworks to fast-scaling fintechs. The Prudential Regulation Authority’s (PRA) caution reflects a broader tension between safeguarding financial stability […]
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