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Credit to Cambodia's burgeoning cards market

  • Author: EPI editorial
  • Published: 24 Apr 2017

Cambodia is a largely cash-based society, as a result of low banking penetration, a lack of consumer knowledge of other payment instruments such as payment cards, and limited access to payment infrastructure. However, the small credit card market is receiving support and growing strongly. read more

Electronic payment harmonia in Estonia

  • Author: EPI editorial
  • Published: 19 Apr 2017

As is common in the region, rates of card adoption and use by Estonian consumers are significantly above the global average. Younger buyers tend to be the most prolific users of card payments, and debit cards account for over 90% of both the total transaction volume and value, with contactless set for growth. read more

Payments are a thriller in Manila

  • Author: EPI editorial
  • Published: 11 Apr 2017

Cash’s dominance of the payments landscape in the Philippines is verging on total, with much of the population unbanked and consumer awareness of electronic payments limited. Initiatives by the central bank, and migrants’ increasing use of electronic payments to send money home could be catalysts for change, however. read more

Payments Eden in Sweden?

  • Author: EPI editorial
  • Published: 8 Mar 2017

Swedish consumers are prolific payment card users. The average monthly card transaction volume and the average annual spend per card are higher in Sweden than in other mature European markets such as the UK and Germany, although they lag behind Sweden’s Nordic neighbours of Denmark, Norway and Finland. read more

Finland's payments market flourishes since the finn-ancial crisis

  • Author: EPI editorial
  • Published: 1 Mar 2017

The global financial crisis hit Finland harder than many, and the country’s recent economic growth has been marginal at best. Despite the struggles, however, payment cards are flourishing as consumer awareness rises and local infrastructure develops. EPI’s analysts look at what makes the market tick. read more

Consumers take a viking to electronic payments in Denmark

  • Author: EPI editorial
  • Published: 27 Feb 2017

The Danish cards and payments industry is very well developed. Its consumers are prolific users of payment cards, and the government has set a target to make the country a completely cashless society by as early as 2030. With contactless payments also emerging quickly, Denmark has become a critical pathfinder for payments. read more

Lithuania's payments market ripe for change

  • Author: EPI editorial
  • Published: 13 Feb 2017

With much of its population living in rural areas or smaller towns, a relatively underdeveloped payment infrastructure means Lithuania remains a largely cash-dominated economy. ATM withdrawal values tend to be high, although the government and central bank are taking steps to change local attitudes to cards. read more

Debit dominates Portugal's card market but e-commerce and NFC are on the rise

  • Author: Anna Milne
  • Published: 2 Feb 2017

Portugal was hit hard by the global financial crisis, which severely impacted the country’s payment cards market. Debit cards are the leading card type by a wide margin, with households generally cautious of debt. Contactless adoption is low but growing, and e-commerce is also encouraging consumer card payments. read more

Bahrain cards market at all time high

  • Author: EPI editorial
  • Published: 30 Jan 2017

Card penetration in Bahrain is relatively high by regional standards, and card use is rising as a result of initiatives by the government and local issuers. Sharia-compliant banking and products are also gaining popularity, leading to increased levels of competition. Global Data’s research team takes a closer look. read more

Luxembourg a hotbed of innovative payment solutions and growth

  • Author: EPI editorial
  • Published: 11 Jan 2017

Luxembourg’s well-developed and growing payments market means card penetration is high, with the country’s large wealthy population is high on issuers’ target lists. E-commerce has recorded robust growth in line with online and mobile uptake, while alternatives are also growing in prominence in the Grand Duchy. read more

Lebanon- fertile ground for payments growth

  • Author: EPI editorial
  • Published: 4 Jan 2017

Cash is the dominant instrument in Lebanon, with card penetration lower than in many of the country’s regional peers. Banking penetration is relatively low but rising, while contactless is also slowly gaining consumer attention – although high fees and poor infrastructure remain obstacles to widespread growth. read more

Kenyan cards and payments market is a sleeping lion

  • Author: EPI editorial
  • Published: 19 Dec 2016

Kenyan society is largely dependent on cash, but with its large rural area mobile payments have gained a notable level of acceptance, particularly through the M-Pesa system. Agency banking to build the banked population is gaining ground, while Islamic financial products are also increasingly popular. read more

Swiss cards and payments on a roll

  • Author: EPI editorial
  • Published: 14 Dec 2016

With a large wealthy population and numerous high-value corporations, the Swiss payment card market is more mature than most. As a result, banks are looking to other segments for growth, while alternatives such as Apple Pay and Paypal are also gaining ground. Timetric’s researchers took a closer look. read more

UAE financial inclusion beats back cash

  • Author: EPI editorial
  • Published: 11 Dec 2016

By volume nearly 90% of payments in the UAE are made in cash, which is seen as safe, quick and easy to manage. Card use is relatively low, but banks and the government are looking to promote financial inclusion and cashless transactions. The large expatriate population is also driving demand for prepaid. read more

Kuwait’s the state for paying late

  • Author: EPI editorial
  • Published: 6 Dec 2016

A safe environment and low levels of street crime mean cash remains a popular payment instrument in Kuwait, but the emergence of contactless and growth in Islamic banking are changing consumer attitudes and preferences. Recent Timetric research provides an overview of the payment scene in the Gulf state. read more


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