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149 posts categorized "Consumer Finance"

September 11, 2014

The Impact of the Indian Budget on Consumer Goods and Services

Euroindia_Shreyansh.Kocheri_LThumbHosted by Shreyansh Kocheri, Research Analyst

The Union Budget of India for 2014-2015, presented on July 10 has an impact on almost every area of consumer goods and services in the country. Research analysts from Euromonitor International’s office in Bangalore, India respond to the budget in this podcast series.

 

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 Featuring:  Shabori Das - Research Analyst, Ina Dawer, - Senior Research Analyst, Manjunath Reddy - Research Analyst and Priyanshu Rana - Reseach Analyst

Introduction to the Big Indian Budget (mp3)

The Indian Budget's Impact on the Tobacco Market (mp3)

The Indian Budget's Impact on Internet Retailing (mp3)

The Indian Budget's Impact on Consumer Electronics (mp3)

The Indian Budget's Impact on Consumer Finance (mp3

The Indian Budget's Impact on Food and Beverages (mp3)

The Indian Budget's Impact on Travel and Tourism (mp3)

The Indian Budget's Impact on Apparel and Footwear (mp3)

September 9, 2014

With Apple Pay, Mobile Payments Have Arrived in the US

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

The vision that Apple’s founder Steve Jobs once had of a new type of mobile phone that could become so instrumental and integrated into people’s lives that consumers would rather leave their wallet at home than their iPhone is starting to take shape.

After years of speculation and numerous rumors, Apple officially made its entry into the US mobile payments’ ecosystem as it unveiled Apple Pay at its recent product launch event. Mobile payments, which has long been promised for its potential to revolutionize the entire consumer shopping experience has so far struggled to gain much traction from retailers and consumers. Now a brand with a proven track record of changing consumer behavior has joined the movement.

“As it turns out, most people who have worked on this have started by focusing on creating a business model that was centered around their self-interest rather than focusing on the user experience,” Apple CEO Tim Cook said at the Apple Pay announcement. “We love this kind of problem. This is exactly what Apple does best.”

Continue reading "With Apple Pay, Mobile Payments Have Arrived in the US" »

August 31, 2014

Alibaba: Ready to Conquer the Far West?

Filippo BattainiAnalyst Insight by Filippo Battaini - Retailing Analyst

View Filippo Battaini's profile on LinkedIn

Alibaba has been featuring quite frequently in business news of late as the company piques investors’ interest with the issuing of its prospects for the planned IPO on the New York Stock Exchange. Notably with the opening of 11Mail.com, the Chinese e-commerce giant made clear that its presence in the US market will not only be limited to Wall Street or to Silicon Valley with investments in tech start-ups and that, with this move, Alibaba will attempt to compete against its fiercest global rivals, Amazon and eBay, in their domestic territory.

Global E-Commerce Competitive Environment

At present, and despite being mainly a regional player, Alibaba is the world’s second largest e-commerce company, with total B2C value sales of US$44.3 billion in 2013, according to Euromonitor International. However, when considering other indicators, in 2013 Alibaba was already the biggest online retailer in the world. For example, in terms of Gross Merchandise Volume, the Chinese company is bigger than Amazon and eBay combined, and also appears ahead of its two main competitions in terms of profits. So how do Alibaba’s operations compare with those of its main competitors?

Continue reading "Alibaba: Ready to Conquer the Far West?" »

August 30, 2014

The Prevalence of Electronic Payments in the UAE

Dependence on cash is shrinking in the United Arab Emirates faster than many other markets around the world due to the prevalence of electronic payment methods. Improved infrastructure and a rise in point-of-service terminals and ATMs in the country are making it easy for consumers to pay for goods and services with electronic payments. Euromonitor forecasts that card payment transactions in the UAE will grow by 10.4 percent until 2018.

Watch on Youtube

 

August 27, 2014

Lessons Learned from the Mobile Innovation Summit

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

The CONNECT: Mobile Innovation Summit took place in mid-August in Chicago. The emergence of the connected mobile consumer was the conference’s overall theme. Throughout the event, speakers talked about the impact of mobility on various aspects of the commerce experience, including payments, marketing, loyalty, security and privacy. The conference explored many of the opportunities that retailers and restaurants have for leveraging mobile and digital channels to build their brands, increase sales and improve customer engagement.

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Continue reading "Lessons Learned from the Mobile Innovation Summit" »

August 24, 2014

FMCG and Retailing in Russia: Uncovering Business Opportunities

The 7th annual Euromonitor International seminar FMCG and Retailing in RussiaUncovering Business Opportunities is organised for top-level management from leading companies operating in consumer markets, as well as government, trade and banking institutions. 

Hear more about each session from our expert panel of analysts by watching the video.

Register Now >>

 

August 21, 2014

The Four Aspects of PayPal’s Current Growth Strategy

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

When PayPal launched in 1999, online card payments were still a challenge for many merchants. PayPal’s great breakthrough was determining how individuals and businesses could more easily accept money over the web. PayPal’s founders figured out early on that it could make a decent profit in this low-margin business of processing transactions if it could encourage enough users to fund PayPal payments via bank accounts rather than financial cards.

In time, it was speed, convenience and security that made PayPal’s online platform popular, especially among eBay’s small-time sellers. PayPal went public in 2002, and immediately its market value skyrocketed. Within a year, eBay, which once dominated the e-commerce market, bought the start-up for US$1.5 billion, as it realised PayPal was squeezing out its own in-house payment option.

The core component of PayPal’s strategy today still hinges on this online platform that dates back to its roots. Today, the online platform enables its 150 million registered users to send money in 26 different currencies to over 200 countries and territories. Over time, PayPal has also moved into other aspects of financial services, including consumer credit, mobile card acceptance and even card issuance.

Even so, PayPal, which dominated the e-commerce storyline a decade ago, now finds itself fighting to stay relevant as consumers shift their focus to the emerging mobile channel. PayPal today is in the more established role as payment incumbent, facing increased competition from younger start-ups. The entire payments landscape today is filled with innovative start-ups all are aiming to solve problems while siphoning a portion of the payment transaction fees from more established players like PayPal.

Continue reading "The Four Aspects of PayPal’s Current Growth Strategy" »

August 2, 2014

Arrival of Financial Cards to Latin America Led to Credit Binge

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

The introduction of financial cards to many emerging markets not only gave many consumers a new way to pay, but it also gave them easy access to credit. Consumers could fund more purchases than ever before. Of course, this newfound access to credit also came with its own set of challenges as many consumers can attest. While card lending helped some markets to rebound more quickly from the global recession or expand the economy in general, this emerging category of lending also left numerous consumers deep in debt.

The debt troubles associated with this lending type for consumers were especially pronounced across Latin America more so than any other region. Three Latin American countries (Colombia, Argentina and Chile) ranked in the top 10 for the fastest growth in card lending debt since 2008. In addition, out of the top 15 markets with the greatest reliance on card lending as of 2013, four are located in Latin America (Venezuela, Colombia, Argentina and Brazil). In fact, Latin America is the most reliant on card lending only after Asia Pacific, which was heavily influenced by China. 

Continue reading "Arrival of Financial Cards to Latin America Led to Credit Binge" »

August 1, 2014

Euromonitor to Speak at Cartes 2014

CartesLogoEvent: Cartes: Secure Connexions

Date: November 4-6, 2014

Location: Paris, France

Event Description: The landscape of payment in the world is changing, non-bank players are emerging, offline – online – mobile: multi-channel era is on its way. As the world becomes more integrated and interconnected, it is important to have a level of trust while maintaining security between transactions. Moreover, new threats appear and thus new countermeasures are needed. Secure identity has become a critically important issue for citizens, enterprises and governments.

The 2014 conferences will provide an insight into major trends shaping the future of payments, digital security, identification & mobility.

Continue reading "Euromonitor to Speak at Cartes 2014" »

July 23, 2014

Open-Loop Pre-Paid Cards: The Fastest Growing Card Function

Kendrick SandsWith Kendrick Sands, Analyst - Consumer Finance

Open-loop pre-paid cards, which are network branded payment cards that do not have a limited pre-defined acceptance network, are the fastest growing card type in the world. These cards have proved their ability to replace cash and electronic transfer channels in several instances including government benefits and traveller’s cheques. Open-loop pre-paid cards can also help the unbanked and financially underserved by offering an alternative to traditional financial services and as a stepping-stone to other products and services.  

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Recent Posts

The Impact of the Indian Budget on Consumer Goods and Services

With Apple Pay, Mobile Payments Have Arrived in the US

Alibaba: Ready to Conquer the Far West?

The Prevalence of Electronic Payments in the UAE

Lessons Learned from the Mobile Innovation Summit

FMCG and Retailing in Russia: Uncovering Business Opportunities

The Four Aspects of PayPal’s Current Growth Strategy

Arrival of Financial Cards to Latin America Led to Credit Binge

Euromonitor to Speak at Cartes 2014

Open-Loop Pre-Paid Cards: The Fastest Growing Card Function