As the recovery from the initial pandemic continues, the focus in the world of cards and payments has now moved firmly towards profitability as well as the opportunities and threats afforded by evolving consumer behaviour, with up-to-date data and insights imperative for industry decision-makers.
The latest market intelligence reports from Verisk Financial Report cover four markets: United States, Malaysia, South Africa and Kuwait. Our country-by-country guides deliver in-depth research, expert analysis and valuable commentary, now featuring data showing impacts and trends related to the pandemic.
UNITED STATES: Competition has resumed in the credit cards market with issuers vying to capture their share of the return of spend as restrictions lift. A new form of competition has emerged in the form of BNPL, which has blossomed here in recent years. The accelerating rollout of contactless shows that, despite a powerful tradition and legacy infrastructure, change can happen quickly if industry desires it. You will learn:
MALAYSIA: Despite the rapid increase of digital payment methods, there remains a golden opportunity to claim market share both in issuing and acquiring. Supported by successful efforts to launch an interoperable standard, the QR code is gaining ground fast, paving the way for super-apps to gain market share. You will learn:
SOUTH AFRICA: Digital banking is growing fast and new lenders are challenging incumbents through purely digital offerings, while the emergence from non-banks of new tech (eg, QR codes, SoftPOS and mPOS) is set to drive down the cost of payment acceptance for merchants. The central bank is currently consulting with stakeholders about creating a domestic card network. You will learn:
KUWAIT: Acceptance improvements will accelerate the POS rebound in tandem with e-commerce's increasing popularity, rising smartphone penetration and initiatives to encourage cards and digital usage. The debit card is notably popular here, in contrast to the wider region, while the rise of Premium products shows that the credit card is growing in appeal. You will learn:
Each Verisk Financial Research report takes a consistent approach, providing concise commentary and deep data on the latest market trends and regulatory developments, with insights and profiles covering the key market players including banks, issuers, networks, acquirers and processors. Contact us to request a demo, discuss bespoke research projects or find out more.
About Verisk Financial Research The market-leading online, interactive database and data dashboards covering the global cards and payments industry in detail, plus a range of data-packed country and regional reports. Leveraging financial cards data going back to 2010 – and forecasts up to 2022 – our unique datasets cover 72 countries around the world and feature more than 250 metrics per market.