October 19th, 2016
In Q3 2016, the global economic outlook declined as mounting uncertainty in Europe, the UK and the US outweighed any boost from the BRICs. This quarter, fast moving consumer goods (FMCG) forecast growth revisions from Euromonitor International’s Industry Forecast Model generally point to marginal retail sales downgrades through 2020.
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 22nd, 2016
CHICAGO – Global market research company Euromonitor International released today new consumer finance industry data. According to the new research, consumer card payments will surpass cash payments for the first time in 2016, registering USD $23.1 trillion globally. Consumer card payments and mobile-commerce will see a 6.6 percent and 23 percent compound annual growth rate […]
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 […]
September 9th, 2016
Apple held its annual fall event this Wednesday, September 7th 2016. While the iPhone continues to headline Apple’s fall events, Wednesday’s presentation also spent considerable time focused on an important country for Apple and its mobile devices – Japan. The big announcement for the Japanese market came when Apple unveiled that it would be extending […]
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 […]
August 7th, 2016
In 2015, non-cash transactions constituted only about 35% of all consumer payments in Poland. Given Poland’s low share of non-cash transactions, it is surprising that this nation is a European leader in terms of utilisation of contactless cards.
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
July 6th, 2016
Financial technology, commonly known as fintech, continues to be a hot spot for innovation and investment across the world.
June 15th, 2016
In this episode of Viewpoint, Senior Services & Payments Analyst Philip Benton interviews Fortumo CEO and Co-Founder Martin Koppel. Fortumo founded in Estonia, with five other offices worldwide, is a leading global provider of direct carrier billing.