Global Payments: Revolution or Evolution? An Update on the Global March Towards Cashless Societies
A year on from the publication of PSA’s inaugural global cashless report, analysts Thao Nguyen and Lindsay Whipp revisit the global payments scene in this time of Covid to explain developments. Issues include the march of payment ecosystems, the runaway growth of Buy Now, Pay Later, the downward pressure on international remittance charges, and the threat to credit and debit cards posed by Central Bank Digital Currencies. For Japan, we examine prospects for the major cashless payment players and the payment gateway names.
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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