The card reigns supreme in Norway, with few individuals using cash on a daily basis and most possessing a minimum of three payment cards. Norway’s …
India: Banked population soars but cash continues to dominate February 11, 2019 Malaysia: Alternative payments gather speed
The Malaysian payments market remains cash-reliant, but has high growth potential as it shifts towards digital payments. The government and banks have started to provide …
Hong Kong: Alternative payments gather speed
Hong Kong is a widely recognised global financial hub, with few regulatory barriers for foreign banks and card payment participants. This status acts as an …
Australia: Contactless growth characterises a rapidly evolving market
The Australian payment card market continues to evolve at a rapid pace. Australians are very comfortable using debit and credit cards for payments, and the …
The US: Contactless growth remains pedestrian
The US payment card market is mature, with a high penetration of more than four cards per inhabitant. A wide range of card-issuing and alternative …
Vietnam: Financial inclusion and improved penetration the top priorities
Vietnam is a largely cash-dominated society, with consumers preferring cash for day-to-day transactions due to factors such as a large unbanked population, limited financial awareness, …
South Korea: Payment cards lead the way in a well-developed economy
South Korea’s cards and payments industry is well developed, and the country’s consumers are prolific users of payment cards. The average number of monthly card …
Taiwan: POS penetration is poor despite a dense urban environment
Cash remains the preferred method of payment in Taiwan, accounting for more than three-quarters of the total payment transaction volume. Consumers in Taiwan have a …
Peru: financial inclusion initiatives fuel growth in prepaid
Use of cash for retail purchases remains prevalent among the majority of Peruvians, especially the rural population. This is primarily a result of a combination …
Saudi Arabia payments: high-value transactions gradually shift to electronic platforms
For Saudi Arabia payments, cash remains the preferred method of consumer payment, accounting for more than 90% of the total payment transaction volume. While high-value …