Lending and Payments Market Global Briefing 2018

Lending and Payments Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 32 | Published : January 2018

SKU CODE : 2665 | Format :

The lending and payments market comprises all establishments engaged in lending and payments related activities such as lending, payments and transferring service. The lending and payments industry is categorized on the basis of the business model of the firms present in the industry. Some firms might come under multiple categories.

Asia Pacific was the largest region in the lending and payments market in 2017, accounting for around 52% market share. This can be attributed to appetite for cheaper loans in countries such as China. North America was the second largest region accounting for around 31% market share. Africa was the smallest region accounting for around 1% market share.

The focus on the security of card-based payments has increased significantly across the world. This is mainly to prevent card fraud losses incurred by banks and according to Capgemini, the worldwide value of fraud losses reached almost US$16 billion in 2014 . In this regard, payment service providers and merchants have implemented various solutions including the Payment Card Industry Data Security Standard (PCI DSS) compliance, EMV technology, 3-D Secure services, tokenization, biometrics and end-to-end encryption. To combat the constantly evolving card fraud methods, the National Retail Federation (NRF) also updates its security guidelines continuously.

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