Buy now pay later (BNPL) payment is the most thriving trend of recent times. During the COVID-19 health crisis, BNPL services gained special momentum, mainly in the developed world. However, the growing interest and usage of BNPL service among the younger...
In the last four to six quarters, out-of-pocket healthcare expenditure increased significantly in the United States. The pandemic-driven increased prices created strong demand for pay later options in the healthcare industry. Consequently, fintech compani...
The prepaid card market in India has observed steady growth over the last four to six quarters
The digital bank has now extended the option of choosing virtual contactless cards for in-store payments such as Apple Pay or Google Pay payments for its Flex customers. Customers who want to benefit from the option must enter their card details at checko...
The gift card market in Africa and Middle East region has recorded a steady growth during the past few years. Though, the growth of gift card market has been impacted, it has outperformed the overall gift industry.
As credit card penetration remains less than 15% in most of Latin American markets, BNPL lending has substantial growth prospects in the region. With the growing e-commerce market in the region, the BNPL service is also expected to grow
According to PayNXT360’s Q4 2020 Global Gift Card Survey, gift card industry in Sweden is expected to grow by 0.0% on annual basis to reach US$ 1384.6 million in 2021. Despite near-term challenges in 2021, medium to long term growth story of gift cards in...
This offering from PayNXT360 is a bundled offering, combining one regional and 10 country reports. In addition, it also provides an insight brief, capturing analyst opinion on key trends, drivers, strategy, and innovation.
According to PayNXT360, the gift cards segment is expected to play an important role during Q4 2021 to counter the supply chain crisis for retailers. Notably, from the start of October 2021, retailers have been pushing the sales of gift cards as part of t...
Sweden’s GDP expanded by 4.3% in Q3’20 after a slump in Q2’20 due to coronavirus outbreak. However, for full year 2020, the economy is expected to shrink impacting consumer confidenc...
There is a growing desire among consumers to spend their cryptocurrencies on everyday purchases. According to Visa, the company has witnessed growing daily spending on crypto-related cards primarily driven by young millennials. PayNXT360 expects the growi...
PayNXT360 expects the demand for such innovative solution to grow over the next four to eight quarters, as the demand for personal control over assets continue to increase among consumers globally.
According to PayNXT360, more than 40% of people have used prepaid cards ever since the coronavirus outbreak. Moreover, consumers globally have adopted digital payments to shop online or avoid using cash in the wake of coronavirus disease.
PayNXT360 expects digital wallet providers worldwide to offer more value to customers through innovative loyalty programs from the short to medium-term perspective.
The acquisition of Hoolah is expected to support ShopBack to transform the shopping experience of its consumers and its retail partners across the region. Notably, Hoolah has more than 2,000 online and offline retail partners in Singapore, Malaysia, and H...