April 1st, 2017
As the largest single region by card payment value, Asia is positioned to drive global card payment trends over the forecast period. Euromonitor International’s recent report on the region looks at what is driving this growth and how payment policy has positively and negatively impacted certain markets. This podcast looks at the key findings of […]
January 29th, 2017
Euromonitor International’s Wealth and Income distribution model looks at 50 markets through a measure of income and accumulated wealth. Our model forecast the growth of these factors to 2030 and has valuable insight as to where consumers will exit poverty and enter the middle class over the forecast period. For consumer finance, these consumers that are […]
September 23rd, 2016
The recent Bank Customer Experience Summit in Chicago brought together several of the largest financial institutions and payment technology providers to discuss the changing financial service landscape. The challenges facing mainstream financial service providers included adopting technology preferred by younger consumers while maintaining services preferred by older consumers, transitioning to a lower cost branch network […]
September 20th, 2016
According to new data from Euromonitor, from 2015 to 2016, there was US 1.8 trillion dollars in card spend worldwide. Of this card spend, roughly two-thirds is coming from the conversion from paper payments to card payments in China alone. Also, for the first time, consumer cash payments will register negative growth over the […]
August 27th, 2016
Moving from financially underserved to fully banked There were more financially underserved consumers as a share of total banked consumers in 2015 in the US in over a decade. This presents a significant opportunity for financial institutions looking to increase share of consumer lending and total consumer credit. The share of the banked population considered […]
July 21st, 2016
Retailers and payment companies continue to battle, but what about shoppers? Walmart’s tussle with Visa in Canada and Costco’s transition from American Express to Visa serve are the two most recent high-profile examples. Listen to Euromonitor’s Retailing and Consumer Finance analysts outline reasons for these conflicts and debate their potential effects. Listen as MP3 http://traffic.libsyn.com/euromonitor/VisaWalmart.mp3
April 23rd, 2016
I attended Card Forum last week in Los Angeles and had three key takeaways from the conference: the implications of the transition to EMV in the US; what’s missing from mobile payments; and expanding card payment security measures.
September 24th, 2015
The October 2015 deadline for EMV-compliant POS terminals and cards for the US has nearly arrived. Early estimates put total merchant compliance at just above 25%, with some not aware a conversion is required at all. Merchants that have not upgraded their POS terminals face a shift in the fraud liability that is traditionally covered […]
September 5th, 2015
Consumer finance card circulation is growing, with an estimated 6 billion new cards on the market by 2020. Driving this growth is new technology, policy changes shifting consumer payment preferences, and government regulations. Asia Pacific will be the largest market for cards, representing 54 percent of global payment growth by 2020.
May 18th, 2015
Card networks are generally more trusted than individual retailers and the Plenti platform might just have the right combination of simplicity and additional value to make inroads into the more diverse consumer base American Express has so long pursued.