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Home » Global Intelligence » Cards, Payments & Mobile Intelligence

Cards, Payments & Mobile Intelligence

Middle East Net credit losses
Thursday 23rd March @ 11:34am

Although still in its infancy, the Middle East's credit card business is growing exponentially: the number of credit cards expanded at nearly four times the global rate between 2010 and 2016. Over the same period, total billed volume on credit cards increased at a compound annual growth rate (CAGR) of 20 percent, joint top with Asia-Pacific. At the end of 2016, there were, on average, 15 credit cards per 100 adults across the region, up from ten per 100 adults in 2010...MORE

Wednesday 22nd March @ 6:04pm

For all of its technological and cultural import, bitcoin is not particularly easy for non-tech heads to use. California remittances start-up Abra hopes to use bitcoin to deliver low-cost cross-border payments while maintaining that its users won't have to know anything about bitcoin. In fact, Abra's story goes to the heart of the bitcoin battle: for years we've heard the claim that bitcoin will upend the expensive global money transfer business because of its low...MORE

Nordics 2 jpg
Wednesday 22nd March @ 5:30pm

One of the most obvious trends apparent in the cards and payments industry in recent times has been the push to reduce or even eliminate cash from the payments ecosystem. While such a prospect remains distant today, some countries are moving closer to a situation where cash is assuming less importance with each passing day. With that in mind, Lafferty Global Research (LGR) has cast its eye over some of the pertinent data from the Nordic countries (Denmark, Finland and Sweden), often viewed as...MORE

Wednesday 22nd March @ 5:22pm

The question of who will win the mobile payments war has been a topic of discussion for several years but we seem to be no closer to an answer. If anything, the mobile payments market in the West has become more crowded and fragmented. While many players have pulled the plug and others have faded into obscurity, more have stepped in to take their place. Still, few appear to have significant numbers of active users. The mobile wallet story so far has been a battle for control...MORE

Wednesday 22nd March @ 4:21pm

Management of the payment system has of tradition been a fundamental function of banks but until now has been regarded as a role of lesser luminosity. From both a customer and bank perspective, payments, as a highly automated, mechanistic activity, has always operated below the waterline: the poor relation, so to speak, of the deposit, lending and wealth management facets of the business. Indeed, for many banks, payments services represent the 'free' element in 'free banking'...MORE

Wednesday 22nd March @ 3:56pm

Warning: many TLAs (three-letter acronyms) ahead Margaret Thatcher had many a battle with Europe during her premiership and quickly acquired the nickname 'Iron Lady'. Many expected the European Banking Authority (EBA) to show equal firmness with their proposed regulatory technical standards (RTS) for secure customer authentication (SCA), under the Revised Payment Services Directive (PSD2), when it was first published last year for consultation. Having witnessed the UK voting to...MORE

Friday 13th January @ 2:29pm

Growing acceptance of cards globally is leading to increased competition among private equity groups for a share of the lucrative payments processing industry. In the latest move, private equity businesses Advent International and Bain Private Equity have announced a deal to acquire Germany-based payments processor Concardis. According to Marcus Mosen, CEO of Concardis, with "Advent International and Bain Capital Private Equity, Concardis...MORE

Thursday 12th January @ 2:01pm

The payments industry needs to keep a close eye on Amazon as the firm continues to build revenue, rearranging industries at will as it powers towards dominance. Say what you like about Amazon, but one cannot accuse them of not being innovative. Now it is moving into the bricks-and-mortar grocery business, with an audacious plan to drop the actual checkout. Shops without checkouts: of all the strange stories in 2016, this one turns out not to be fake. In a breathtaking...MORE

David2 copy
Thursday 12th January @ 12:32pm

Global credit card profits continue to climb according to Lafferty profit pool data, reaching an estimated $141 billion in 2016, up from just $35 billion in 2010. While this performance is partly explained by an unwinding of the effects of the global financial crisis, the growth has been sustained, albeit at lower levels, in recent years. There have been two key drivers of this growth; firstly, there has been a dramatic fall in loss rates on credit cards. In 2010, eight...MORE

Screen Shot 2017-01-11 at 2-48-46 PM
Wednesday 11th January @ 2:22pm

Credit cards are the darling of the banking industry, and Western Europe in turn is one of the most profitable regions, second only to North America. And banks are relying on this profitable sector even more, as profits continue to remain subdued in other areas. Overall profits across the major European banks in the first quarter of 2016 were disappointing, mainly because of volatile conditions in the financial markets and concerns about slowing growth in China. With banking...MORE

Wednesday 11th January @ 2:16pm

The world's great automobile manufacturers are becoming greatly dependent on the world's great (or at least large) technology companies. The payments business is sitting at the intersection where those industries meet. Several recent developments suggest that this intersection is going to be a crowded place, especially when machines (cars) start paying for services automatically. Back in the 1980s, David Hasselhof — aka Knight Rider — gained fame acting as the driver...MORE

Tuesday 22nd November @ 11:49am

Kuwait is predominantly a cash-orientated society with coins and banknotes being used for the majority of low-value purchases. The payment cards market is developing significantly, with the number of payment cards in circulation (debit and credit card) reaching 4.2 million at the end of 2015, a 44 percent increase when compared to 2009. Kuwait's payments market is going through some major changes, including improvements in the card acceptance infrastructure, as consumers slowly move towards...MORE

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