Press Releases from PayNXT360 (353 total)
Global Gift Card and Incentive Card Market Intelligence and Future Growth Dynami …
In value terms, the gift card market in Global has recorded a CAGR of 8.0% during 2018-2022. According to PayNXT360, global gift card industry is expected to grow by 8.1% on annual basis to reach US$ 511019.3 million in 2023.
The gift card industry in Global will continue to grow over the forecast period and is expected to record a CAGR of 6.9% during 2023-2027. Global Gift card market will increase…
Global Loyalty Programs Market Intelligence and Future Growth Dynamics Databook …
According to PayNXT360, Global loyalty market is expected to grow by 12.7% on annual basis to reach US$135903.9 million in 2023.
In value terms, the global loyalty market has recorded a CAGR of 13.1% during 2018-2022.The global loyalty market will continue to grow over the forecast period and is expected to record a CAGR of 12.2% during 2023-2027. Global loyalty market will increase from US$120596.0 million in 2022 to reach US$215497.1…
Global Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KP …
According to PayNXT360, Global BNPL payments are expected to grow by 21.7% on an annual basis to reach US$5,27,942.3 million in 2023.
Medium to long term growth story of Global BNPL industry remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 12.7% during 2023-2028. Global BNPL Gross Merchandise Value will increase from US$4,33,777.6 million in 2022 to reach US$9,60,667.1 million by 2028.
Scope
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Restaurant loyalty space is leveraging on stored value programs to drive revenue
Restaurant chains are banking on these stored value programs, which include gift cards and other rewards programs in their loyalty apps, to drive revenue. Consequently, restaurant chains are partnering up with some of the leading brands for cross-brand rewards which help both parties in engaging more customers.
In October 2022, Panera Bread, a fast-casual chains of restaurants, entered into a cross-brand partnership with American Express. Under this partnership, the bank's consumers…
Visa is forging alliances to drive its prepaid card market share in the global m …
The global payments market is growing at a rapid rate, with fintech firms and banking organizations looking to boost financial inclusion in their respective markets. Visa and Mastercard are at the forefront of the global payments market evolution, with both players aiming to become the leader when it comes to all things payments. Visa, in its bid to further solidify its market dominance, is forging strategic alliances in the global…
PayPal leads the global BNPL market on the back of strong growth achieved in Q3 …
The buy now pay later (BNPL) market was all rage when the pandemic forced consumers to look for alternative payment methods. Giving consumers more purchasing power and supplementing their expenses at zero cost, the BNPL industry recorded robust growth in 2020 and 2021. Notably, the low-interest period also assisted the market growth. However, the interest rate hikes announced by central banks and the resulting funding winter in 2022, meant that…
Middle East Gift Card market exhibit strong growth potential
Backed by several innovative businesses, the fintech space in the Middle Eastern region has become increasingly competitive over the last few years. The region continues to show encouraging growth and has been attracting several partnerships that are in line with the growing digital age. The trend is more evident in the gift card space which is projected to record strong growth over the next three to four years. For instance,…
Mobile wallets have the potential to unlock the growth potential in Southeast As …
Despite the concerns surrounding the usage of digital payment methods in the post-Covid era, the market continues to record strong growth in the Southeast Asian region. Notably, the growth in the digital payment ecosystem is largely driven by the broader boom in the digital economy. This has resulted in an accelerated adoption of mobile wallets and prepaid payment instruments across the region.
The growth opportunity for mobile wallet and prepaid payment…
Education and healthcare sectors are expected to drive the next growth phase for …
Over the last few years, the buy now pay later industry has matured significantly. From branching out from retail to encompass services of all types, the evolution of buy now pay later (BNPL) products has been rapid with popularity among consumers growing exponentially during the global pandemic outbreak. While the BNPL industry is facing challenges amid the current macroeconomic conditions, popularity among consumers has continued to grow. The rising cost…
Gaming gift cards sees an uptick in the Asia Pacific region
Of all the payment tools, gift cards are among the most widely used payment method in the gaming sector. From transactions to purchasing games, and other in-game features, the popularity of gaming gift cards has surged ever since the pandemic outbreak. In the Asia Pacific region, there still exist a higher number of cash-bound users. To tap into the region, gaming gift cards providers are launching new products to drive…
BNPL firms are raising funding round to accelerate their growth amid growing con …
The buy now pay later (BNPL) industry has experienced a severe downturn in 2022, after enjoying a high-growth period over the last few years. Amid the tussle with regulators globally and declining valuations due to the current macroeconomic environment, BNPL firms have found it difficult to reach profitability. However, amid the mounting losses for these firms, the bigger trend for the sector remains positive due to the surging demand for…
Mobile wallets are partnering with e-commerce marketplaces to drive transaction …
The adoption of digital payments has accelerated all around the world over the last two years. During the pandemic outbreak, more and more consumers turned to prepaid payment instruments to complete their purchases to avoid the possibility of Covid-19 infection, as physical money involved exchanging hands. The growing adoption of mobile wallets has led to a change in consumer perception towards the digital payments ecosystem, especially in countries like India,…
Higher inflation is driving the demand for supermarket and grocery gift cards
When it comes to tackling the soaring prices of basic goods and amenities like petrol and fresh produce, consumers are increasingly resorting to gift cards. Consequently, several supermarket chains and grocers are providing discounts on gift cards to help customers manage their household budgets. For instance,
In October 2022, Coles Supermarkets Australia Pty Ltd. (Coles) started to provide discounts on their gift cards that can be redeemed for fuel, groceries, power…
Fintech firms are banking on the super app strategy to drive business growth
Consumers are spending an increasing amount of time on their smartphone devices. From socializing to buying grocery, entertainment, and shopping, everything is getting done through mobile phones. To make consumers stick to the brand and increase consumer loyalty, businesses are introducing new services which offer more value to users. WeChat, in China, is a prime example of this strategy. The platform which started as a social messaging app has expanded…
BNPL giants are targeting in-store transactions to drive growth amid rising comp …
As the impact of the global pandemic continues to diminish, consumers are again returning to their pre-pandemic shopping habits. Online sales have been impacted and there are several factors responsible for the drop. Inflation has surged and interest rates have grown significantly. This has led some consumers to forgo buying big-ticket items such as electronics, which are often purchased online. For others, the need to get out and socialize is…
The Loyalty Programs Market in Italy is Expected to Increase from US$ 3088.7 mil …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Italy is expected to grow by 11.8% on annual basis to reach US$ 3453.3 million in 2022.
In value terms, the Loyalty Programs Market in Italy has recorded a CAGR of 12.2% during 2017-2021. The Loyalty Programs Market in Italy will continue to grow over the forecast period and is expected to record a CAGR of 11.3% during…
According to PayNXT360, Loyalty Programs Market in Japan is Expected to Grow by …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Japan is expected to grow by 12.6% on annual basis to reach US$ 10160.8 million in 2022.
In value terms, the Loyalty Programs Market in Japan has recorded a CAGR of 13.0% during 2017-2021. The Loyalty Programs Market in Japan will continue to grow over the forecast period and is expected to record a CAGR of 11.9% during…
Based on the Analysis of PayNXT360, Loyalty Programs Market in Malaysia is Expec …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Malaysia is expected to grow by 12.5% on annual basis to reach US$ 534.1 million in 2022.
In value terms, the Loyalty Programs Market in Malaysia has recorded a CAGR of 12.9% during 2017-2021. The Loyalty Programs Market in Malaysia will continue to grow over the forecast period and is expected to record a CAGR of 12.3% during…
According to PayNXT360, Loyalty Programs Market in Netherlands is Expected to Gr …
Loyalty Programs market in Netherlands has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Netherlands is expected to grow by 12.1% on annual basis to reach US$ 1365.2 million in 2022.
In value terms, the Loyalty Programs Market in Netherlands has recorded a CAGR of 12.7% during 2017-2021. The…
Based on the Analysis of PayNXT360, Loyalty Programs Market in Mexico is Project …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Mexico is expected to grow by 13.0% on annual basis to reach US$ 2123.0 million in 2022.
In value terms, the Loyalty Programs Market in Mexico has recorded a CAGR of 13.4% during 2017-2021. The Loyalty Programs Market in Mexico will continue to grow over the forecast period and is expected to record a CAGR of 12.7% during…
The Loyalty Programs Market in South Korea is Expected to Increase from US$5631. …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in South Korea is expected to grow by 12.0% on annual basis to reach US$ 6307.7 million in 2022.
In value terms, the Loyalty Programs Market in South Korea has recorded a CAGR of 12.5% during 2017-2021. The Loyalty Programs Market in South Korea will continue to grow over the forecast period and is expected to record a CAGR…
According to PayNXT360, Loyalty Programs Market in Poland is Projected to Increa …
Loyalty Programs market in Poland has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Poland is expected to grow by 12.8% on annual basis to reach US$ 1172.0 million in 2022.
In value terms, the Loyalty Programs Market in Poland has recorded a CAGR of 13.0% during 2017-2021. The…
The Loyalty Programs Market in the Philippines is Expected to Grow at a CAGR of …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Philippines is expected to grow by 14.3% on annual basis to reach US$ 726.2 million in 2022.
In value terms, the Loyalty Programs Market in Philippines has recorded a CAGR of 14.6% during 2017-2021. The Loyalty Programs Market in Philippines will continue to grow over the forecast period and is expected to record a CAGR of 13.8% during…
Based on the Analysis of PayNXT360, Loyalty Programs Market in Nigeria is Expect …
Loyalty Programs market in Nigeria has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Nigeria is expected to grow by 13.8% on annual basis to reach US$ 418.9 million in 2022.
In value terms, the Loyalty Programs Market in Nigeria has recorded a CAGR of 14.1% during 2017-2021. The…
The Loyalty Programs Market in South Africa is Expected to Grow by 13.9% on Annu …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in South Africa is expected to grow by 13.9% on annual basis to reach US$ 512.9 million in 2022.
In value terms, the Loyalty Programs Market in South Africa has recorded a CAGR of 13.9% during 2017-2021. The Loyalty Programs Market in South Africa will continue to grow over the forecast period and is expected to record a CAGR…
According to PayNXT360, Loyalty Programs Market in Singapore is Expected to Grow …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Singapore is expected to grow by 12.4% on annual basis to reach US$ 700.1 million in 2022.
In value terms, the Loyalty Programs Market in Singapore has recorded a CAGR of 13.1% during 2017-2021. The Loyalty Programs Market in Singapore will continue to grow over the forecast period and is expected to record a CAGR of 12.0% during…
Based on the Analysis of PayNXT360, Loyalty Programs Market in Russia is Expecte …
Loyalty Programs market in Russia has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Russia is expected to grow by 13.4% on annual basis to reach US$ 7484.8 million in 2022.
In value terms, the Loyalty Programs Market in Russia has recorded a CAGR of 13.9% during 2017-2021. The…
Based on the Analysis of PayNXT360, Loyalty Programs Market in Saudi Arabia is E …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Saudi Arabia is expected to grow by 12.0% on annual basis to reach US$ 2247.9 million in 2022.
In value terms, the Loyalty Programs Market in Saudi Arabia has recorded a CAGR of 12.6% during 2017-2021. The Loyalty Programs Market in Saudi Arabia will continue to grow over the forecast period and is expected to record a CAGR…
Based on the Analysis of PayNXT360, Loyalty Programs market in Taiwan is Expecte …
Loyalty Programs market in Taiwan has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Taiwan is expected to grow by 12.7% on annual basis to reach US$ 1750.7 million in 2022.
In value terms, the Loyalty Programs Market in Taiwan has recorded a CAGR of 13.2% during 2017-2021. The…
According to PayNXT360, the Loyalty Programs Market in Switzerland is Expected t …
Loyalty Programs market in Switzerland has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Switzerland is expected to grow by 12.2% on annual basis to reach US$ 1100.5 million in 2022.
In value terms, the Loyalty Programs Market in Switzerland has recorded a CAGR of 12.6% during 2017-2021. The…
The Loyalty Programs Market in Spain is Expected to Grow by 12.3% on Annual Basi …
Loyalty Programs market in Spain has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Spain is expected to grow by 12.3% on annual basis to reach US$ 3555.3 million in 2022.
In value terms, the Loyalty Programs Market in Spain has recorded a CAGR of 12.9% during 2017-2021. The…
Based on the Analysis of PayNXT360, Loyalty Programs market in Thailand is Expec …
Loyalty Programs market in Thailand has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Thailand is expected to grow by 12.8% on annual basis to reach US$ 1420.8 million in 2022.
In value terms, the Loyalty Programs Market in Thailand has recorded a CAGR of 13.1% during 2017-2021. The…
According to PayNXT360, the Loyalty Programs Market in Turkey is expected to Gro …
Loyalty Programs market in Turkey has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Turkey is expected to grow by 13.3% on annual basis to reach US$ 704.3 million in 2022.
In value terms, the Loyalty Programs Market in Turkey has recorded a CAGR of 13.8% during 2017-2021. The…
The Loyalty Programs Market in United Arab Emirates is Expected to Grow by 12.5% …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in United Arab Emirates is expected to grow by 12.5% on annual basis to reach US$ 1434.9 million in 2022.
In value terms, the Loyalty Programs Market in United Arab Emirates has recorded a CAGR of 12.8% during 2017-2021. The Loyalty Programs Market in United Arab Emirates will continue to grow over the forecast period and is expected to…
The Loyalty Programs Market in United Kingdom is Expected to Grow by 11.6% on An …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in United Kingdom is expected to grow by 11.6% on annual basis to reach US$ 8263.9 million in 2022.
In value terms, the Loyalty Programs Market in United Kingdom has recorded a CAGR of 12.2% during 2017-2021. The Loyalty Programs Market in United Kingdom will continue to grow over the forecast period and is expected to record a CAGR…
According to PayNXT360, the Loyalty Programs Market in United States is Expected …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in United States is expected to grow by 12.4% on annual basis to reach US$ 35489.5 million in 2022.
In value terms, the Loyalty Programs Market in United States has recorded a CAGR of 12.6% during 2017-2021. The Loyalty Programs Market in United States will continue to grow over the forecast period and is expected to record a CAGR…
Based on the Analysis of PayNXT360, Loyalty Programs market in Vietnam has Recor …
Loyalty Programs market in Vietnam has recorded strong growth over the last four quarters, supported by brands and retailers focusing on the customer retention.
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Vietnam is expected to grow by 14.3% on annual basis to reach US$ 1118.9 million in 2022.
In value terms, the Loyalty Programs Market in Vietnam has recorded a CAGR of 14.3% during 2017-2021. The…
Based on the Analysis of PayNXT360, the Global Loyalty Programs Market is Projec …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Global is expected to grow by 12.6% on annual basis to reach US$ 142636.8 million in 2022.
In value terms, the Loyalty Programs Market in Global has recorded a CAGR of 11.8% during 2017-2021. The Loyalty Programs Market in Global will continue to grow over the forecast period and is expected to record a CAGR of 12.2% during…
The Latin American Loyalty Programs Market is Expected to Record a CAGR of 13.2% …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Latin America is expected to grow by 13.5% on annual basis to reach US$ 6652.7 million in 2022.
In value terms, the Loyalty Programs Market in Latin America has recorded a CAGR of 13.8% during 2017-2021. The Loyalty Programs Market in Latin America will continue to grow over the forecast period and is expected to record a CAGR…
According to PayNXT360's Analysis, the Loyalty Programs Market in Asia Pacific i …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Asia Pacific is expected to grow by 12.9% on annual basis to reach US$ 48138.9 million in 2022.
In value terms, the Loyalty Programs Market in Asia Pacific has recorded a CAGR of 13.3% during 2017-2021. The Loyalty Programs Market in Asia Pacific will continue to grow over the forecast period and is expected to record a CAGR…
According to PayNXT360, the Loyalty Programs Market in Europe Expected to Grow b …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Europe is expected to grow by 12.4% on annual basis to reach US$ 41410.1 million in 2022.
In value terms, the Loyalty Programs Market in Europe has recorded a CAGR of 12.9% during 2017-2021. The Loyalty Programs Market in Europe will continue to grow over the forecast period and is expected to record a CAGR of 11.9% during…
Based on the Analysis of PayNXT360, the Loyalty Programs Market in Africa & Midd …
According to PayNXT360's Q1 2022 Global Loyalty Programs Survey, Loyalty Programs Market in Africa & Middle East is expected to grow by 12.7% on annual basis to reach US$ 6573.8 million in 2022.
In value terms, the Loyalty Programs Market in Africa & Middle East has recorded a CAGR of 13.1% during 2017-2021. The Loyalty Programs Market in Africa & Middle East will continue to grow over the forecast period and…
The Social Commerce Industry in Argentina is Expected to Grow by 32.9% on Annual …
According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Argentina is expected to grow by 32.9% on annual basis to reach US$1,436.8 million in 2022.
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 28.1% during 2022-2028. The social commerce GMV in the country will increase from US$1,436.8 million in 2022 to reach US$6,131.1 million by 2028.
While the major chunk…
Based on the Analysis of PayNXT360, the Social Commerce Industry in Austria is E …
Social Commerce industry in Austria has recorded strong growth over the last four quarters, supported by increased e-commerce penetration and rising social commerce adoption in small cities.
According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Austria is expected to grow by 27.4% on annual basis to reach US$789.1 million in 2022.
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of…
According to PayNXT360, the Social Commerce Industry in Australia is Expected to …
According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Australia is expected to grow by 9.2% on annual basis to reach US$1,385.0 million in 2022.
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 9.8% during 2022-2028. The social commerce GMV in the country will increase from US$1,385.0 million in 2022 to reach US$2,437.5 million by 2028.
The appetite for shopping…
The Social Commerce Industry in Belgium is Expected to Grow by 22.5% on Annual B …
Social Commerce industry in Belgium has recorded strong growth over the last four quarters, supported by increased e-commerce penetration and rising social commerce adoption in small cities.
According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Belgium is expected to grow by 22.5% on annual basis to reach US$818.5 million in 2022.
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of…
According to PayNXT360, the Social Commerce Industry in Chile is Expected to Gro …
Social Commerce industry in Chile has recorded strong growth over the last four quarters, supported by increased e-commerce penetration and rising social commerce adoption in small cities.
According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Chile is expected to grow by 65.6% on annual basis to reach US$1,070.4 million in 2022.
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of…
Based on the Analysis of PayNXT360, the Social Commerce Industry in Canada is Ex …
Social Commerce industry in Canada has recorded strong growth over the last four quarters, supported by increased e-commerce penetration and rising social commerce adoption in small cities.
According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Canada is expected to grow by 19.3% on annual basis to reach US$6,710.8 million in 2022.
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of…
The Social Commerce Industry in Brazil is Expected to Grow over the Forecast Per …
According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Brazil is expected to grow by 44.9% on annual basis to reach US$2,218.6 million in 2022.
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 39.7% during 2022-2028. The social commerce GMV in the country will increase from US$2,218.6 million in 2022 to reach US$15,901.7 million by 2028.
Social commerce has gained…
The Social Commerce Industry in Denmark is Expected to Grow by 31.1% on Annual B …
Social Commerce industry in Denmark has recorded strong growth over the last four quarters, supported by increased e-commerce penetration and rising social commerce adoption in small cities.
According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Denmark is expected to grow by 31.1% on annual basis to reach US$945.2 million in 2022.
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of…
