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Demand for physical gift cards is rising – a sign for gift card market recovery?

The sale of physical gift cards decreased considerably during the global pandemic-induced lockdown. However, at the same time, the sale of digital gift cards increased by more than 50%. The reason behind the increasing sales of digital gift cards and declining sales of physical gift cards were apparent. With stores closed for months and no […]

Klarna enters cryptocurrency market through Safello partnership

As cryptocurrencies continue to get mainstream acceptance globally, the services around them are also building up fast. In February 2021, buy now pay later (BNPL) giant Klarna made its first foray into cryptocurrencies by entering into a strategic partnership with Sweden-based crypto exchange Safello. Notably, Safello is leveraging the open banking services of Klarna, thereby […]

Nigerian banking system targeting teens with prepaid card products to retain market share

In Nigeria, traditional banking players are competing to outdo each other in winning not only adults but also children. In the past, teens were not considered eligible to have a banking account. However, to boost financial inclusion at an early age, banks can now offer parents to operate the accounts for their children. Therefore, the […]

Vietnam Gift Card and Incentive Card Market Size,Industry Analysis,COVID-19 Impact, Emerging Trends,

Gift card market in 2020 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. Though the gift card market was impacted […]

Sweden Gift Card and Incentive Card Market Type, Application, Deployment, Key Customers, Offerings

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 confidence. The economy is likely to recover in 2021 which would have a positive impact on consumer spending and consequently the gift card market. Though growth […]

Chile Buy Now Pay Later Market Analysis Report | Growth and Demand Forecast

BNPL payment industry in Chile has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 145.2% on annual basis to reach […]

New Zealand Gift Card and Incentive Card Market antitative Market Analysis, Current and Future Trend

Gift card market in 2020 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. Though the gift card market was impacted […]

Canada Gift Card and Incentive Card Market SWOT analysis and Key Growth Methodologies

Overall spending on gifts remained stable in Canada in 2020, despite economic slowdown and reduced celebrations due to lockdowns and people staying away from gatherings. The overall spending on gifts recorded a decline in 2020, with a shift towards gift cards. This has resulted in increased penetration for gift card. Gift card growth over the […]

Belgium Gift Card and Incentive Card Market Type, Application, Deployment, Key Customers, Offerings

Gift card industry in Belgium has recorded subdued growth in 2020. PayNXT360 expects a bounce back towards end of Q1 2021. Impact on gift card sector due to socio-economic environment driven by COVID-19 outbreak has been much less than overall gifting industry. This also means that gift card penetration in Belgium will increase more than previous […]

Global Prepaid Cards Business Market Industry Outlook, Comprehensive Insights, Growth and Forecast

This offering from PayNXT360 is a bundled offering, combining 20 country reports (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Kenya, Mexico, Nigeria, Philippines, Russia, South Africa, Thailand, United Arab Emirates, United Kingdom, United States). According to PayNXT360, the global prepaid card market (value terms) increased at a CAGR of 16.0% during 2014-2018. Over […]

ANZ promotes buy now, save now through Cashrewards partnership

The buy now, pay later (BNPL) sector has revolutionized the global retail sector. With millions of consumers and hundreds of thousands of merchants globally joining the BNPL bandwagon, the flexible payment option has helped consumers manage their finances in times of financial uncertainty caused by the global pandemic. Notably, higher purchasing power and easier access […]

Global Mobile Wallet and Payment Market Opportunities- Exclusive Market Research Report by PayNXT360

According to PayNXT360, the global mobile payment industry is expected to record a CAGR of 13.6% to reach US$ 117,786.8 billion by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 13.5% during 2019-2025. This offering from PayNXT360 is a bundled offering, combining 15 countries. This report provides a comprehensive […]

Australian startup Airwallex raised US$200 million for global expansion

In September 2021, Australia-based FinTech platform, Airwallex, raised US$200 million in its Series E funding round at a valuation of US$4 billion. The company, primarily involved in business banking services, raised the fund from Lone Pine Capital, G Squared, Vetamer Capital Management, 1835i Ventures, Salesforce Ventures, DST Global, and Sequoia Capital. According to the company, […]

The increasing financial inclusion rate is boosting the growth of the prepaid card segment in Egypt

During 2020, economic stability and the rising adoption of digital payments created significant growth opportunities for the prepaid card providers in Egypt. It is noteworthy to mention that, the support from the International Monetary Fund (IMF) and the Egyptian government’s better policy management to support the financial sector helped the economy to stay positive during […]

Innovation and market expansion are the key strategies Singaporean gift card providers are implement

Singapore is one of the leading countries in the prepaid card segment in Southeast Asia. With increased mobile penetration, the country became one of the early adopters of the digital payment system. Moreover, the country’s strong banking system drives the overall payment infrastructure. In recent years, many global companies have launched their services in the […]

Future and Current State of BNPL payment industry in Taiwan : Examining How the Near Future Looks fo

BNPL payment industry in Taiwan has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 70.5% on annual basis to reach US$ 646.8 […]

Nigerian banking system targeting teens with prepaid card products to retain market share

In Nigeria, traditional banking players are competing to outdo each other in winning not only adults but also children. In the past, teens were not considered eligible to have a banking account. However, to boost financial inclusion at an early age, banks can now offer parents to operate the accounts for their children. Therefore, the […]

Africa & Middle East Buy Now Pay Later Business and Investment Opportunities – 75+ KPIs on Buy Now P

BNPL providers in Africa have recorded strong growth over the last four quarters. Various players in the region are offering new forms of alternative credit and point-of-sale (POS) lending options such as BNPL to lure customers offering them a convenient and flexible payment mode. Julla, a PoS financing startup, launched Julla app in Kenya in August […]

Google expected to acquire Pring for launching cashless payments in Japan

Being a different cultural market, the Japanese consumers preferred to manage their transactions in cash in the last decade. However, the scenario is changing rapidly; with the government’s push towards the digital economy, leading FinTech companies are showing interest in establishing their presence in Japan.  Even though preferences have changed recently, PayNXT360’s recent survey indicated […]

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