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December 3, 2021updated 20 Jan 2022 5:31am

Europe is seeing a hiring boom in payment industry digitalisation roles

By Emil Filipov

Europe was the fastest growing region for digitalisation hiring among payment industry companies in the three months ending October.

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The number of roles in Europe made up 5.3 per cent of total digitalisation jobs – up from 3.6 per cent in the same quarter last year.

That was followed by Asia-Pacific, which saw a 0.5 year-on-year percentage point change in digitalisation roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include digitalisation, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries in Europe are seeing the most growth for digitalisation roles in the payment industry?

The fastest growing country was the United Kingdom, which saw 2.5 per cent of all digitalisation job adverts in the three months ending July last year, increasing to 4.7 per cent in the three months ending October this year.

That was followed by Canada (up 0.9 percentage points), Australia (up 0.7), and China (up zero).

The top country for digitalisation roles in the payment industry is the United States which saw 58.4 per cent of all roles in the three months ending October.

Which cities are the biggest hubs for digitalisation workers in the payment industry?

Some 3.9 per cent of all payment industry digitalisation roles were advertised in Toronto (Canada) in the three months ending October - more than any other city.

That was followed by York (United States) with 3.9 per cent, Singapore (Singapore) with 1.8 per cent, and Hyderabad (India) with 1.7 per cent.

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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