The new report from Hamburg-based market intelligence firm yStats.com, “Global Open Banking Market and Trends 2021” offers a comprehensive overview of the new developments in the Open Banking market worldwide and provides insights into future industry developments. Among other findings, the publication reveals that despite the resistance of consumers in…
According to a 2021 survey, almost 40% of respondents signed up for new services during the pandemic, as they expected these services would help them to better navigate these difficult times. For example, in the United Kingdom, around 20% of the new box subscribers chose this option because they…
Both globally, and in Europe specifically, “Boxes”, “Video”, and “Multiservice subscriptions” were the top three categories for consumers to have a subscription in 2020 and in 2021 and were expected to remain the leaders in 2025. Additionally, while in Europe the ranking was expected to stay the same in…
Consumer spending on subscription applications in the United States grew by over 25% in 2020 over the previous year, says new yStats.com market report: “North America Subscriptions & Recurring Payments Market 2021”. During the onset of the pandemic, consumers worldwide, and in the United States especially, realized the benefits…
Security measures are becoming more important worldwide with the acceleration of digital payments. In fact, the number of those who will be confirming transactions with voice recognition is forecasted to grow at a CAGR of nearly 45% between 2020 and 2025. Read more about the alternative payment market worldwide amid…
“Digital wallet” was the leading alternative online payment method in Indonesia, while “credit card” was the least popular, as of the first half of 2020. Read more about the alternative payment market worldwide amid and post-COVID-19 in the new yStats.com publication “Global Alternative Payment Methods 2021 Post COVID-19”. With…
The COVID-19 health crisis significantly transformed the payment world in 2020 and led to some major consequences that include changed consumer shopping behavior, the way businesses now operate and new governments’ regulations. Many countries worldwide witnessed an extensive acceleration of mobile payments. The increase in the number of mobile payments…
Digital payments accelerated considerably in the Asia-Pacific region in 2020 amid the COVID-19 health crisis. Among other contributors to that growth were the increased smartphone penetration, Internet access and high digital adoption rate. Asia-Pacific dominated in cashless transactions in 2020 and was forecasted to remain the global leader over…
The online payment market in Latin America was profoundly impacted by the COVID-19 health crisis in 2020. With the governmental restrictions imposed in 2020, businesses and consumers started adopting new ways of paying. Namely, mobile payments gained momentum in the region, with regional B2C E-Commerce leader Mercado Libre reporting…
During the COVID-19 pandemic, the global business-to-business industry, despite being more resistant to change than retail sales, has increasingly started moving towards E-Commerce. Between 2019 and 2020, the value of B2B digital sales grew by almost 20%, and in February 2021, E-Commerce accounted for more than half of business-to-business…