The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreMay 2018
US$1,325Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
The conversion of online retailing from store-based retailing has impacted financial services and the way consumers pay across the world. In emerging markets the transition has been fastest in Asia Pacific, and allowed non-bank competitors into the competitive landscape for financial products and services. Ant Financial in China and Paytm in India are two examples that have benefited from the shift in retail, and will be discussed in this brief.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
The transition of retailing online has affected a variety of industries including the financial service space and consumer payments. Traditional mainstream financial institutions must now catch up to alternatives that have entered the market to address consumer segments that were previously overlooked.
In markets where financial institutions have been slower to embrace the shifting retail format, companies have stepped in to offer digital payment platforms to connect consumers to a global marketplace.
Additional value can be faster transaction, more secure transaction, or additional rewards. Mobile devices have reduced the cost of offering financial services and driven the transition of retail online in emerging markets. Mobile devices are able to bypass payment infrastructure gaps and allowed many non-traditional payment players in the payment landscape.
While mainstream financial institutions may retain the trust of consumers, their necessity in a digital landscape is being challenged by alternatives, and consumers have shown they are willing to try alternatives.
Innovations in Asia Pacific illustrate the importance of online banking and payment platforms being flexible and adaptable to different conditions. There are various factors to consider understanding why consumers may not utilise financial services in a given market.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.