But it will still be dwarfed by the giants next door—India and China. The six countries in the Southeast Asia subregion will account for 14.4% of internet users in all of Asia-Pacific in 2022, compared with 39.9% in China and 25.4% in India. Smartphones Are Integral for Internet Access. The smartphone is critical to online activities in Southeast Asia.
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| May 9, 2022
Volume will grow at a similar pace as retail into 2023, driven by outflows from the US and inflows to India and Mexico, per our forecasts. Key Trends We’re Watching. Remittance Giants Will Ramp Up Digital to Fend Off Upstarts and Disintermediation. Close to 4 in 10 US adults who send money abroad plan to increase their use of digital transfers, per a December 2021 Visa survey.
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| Feb 8, 2022
China’s vast digital yuan pilots could be a blueprint for other countries, and we expect India to launch a stablecoin this year. While the US lags—and development would take years—international pressure might push the Fed to explore its own government-backed coin, especially as private-sector providers also pursue stablecoin development. Read Next. Sources. Affirm. American Banker. American Express.
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| Feb 8, 2022
Our take: Google—which is facing various antitrust charges outside the US, including $160 million fine in India and $155 million in the UK—is treading on dangerous ground and could incite intensifying regulatory scrutiny at a time when it’s scrambling for economic recovery and cutting costs.
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| Apr 12, 2023
Twitter is also experimenting with a new way for users in India to share tweets to WhatsApp. Twitter Launches Circle. Circle allows for more intimate tweeting. Twitter fully rolled out its Circle feature, allowing users to share tweets to closed groups of up to 150 people. Circle could help Twitter maintain and grow engagement.
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| Oct 12, 2022
For example, South Korean Viva Republica notched $450 million, and CRED in India raised more than $400 million across several raises this year. We expect that trend to continue in 2022, particularly in Latin America. The biggest hauls are going to companies with the biggest names.
Article
| Dec 21, 2021
Brazil will likely look at what is and isn’t working for CBDC rollouts in China and other regions, like India, to ensure the digital real can meet the central bank’s high hopes. This article originally appeared in Insider Intelligence's Payments Innovation Briefing—a daily recap of top stories reshaping the payments industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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| Mar 8, 2023
It’s likely that many of the worldwide viewers cited by YouTube come from outside of the US—and mainly India where TikTok remains banned—but Shorts is also on the “short list” of preferred short-video platforms in the US. 25.3% of US consumers said they preferred to watch short-form videos on Shorts, behind TikTok (48.5%) but ahead of Instagram Reels (20.1%), per a September 2021 study by Inmar Intelligence
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| Jun 22, 2022
Apple has already moved some of its production to India. JP Morgan forecasts that nearly 25% of all Apple products will be manufactured outside of China by 2025, compared with 5% at present. The struggle to meet iPhone demand: Foxconn is struggling to overcome coronavirus outbreaks and government-mandated lockdown measures to keep iPhone production numbers up.
Article
| Nov 2, 2022
Brazil boasts the world’s fourth-largest digital buyer market behind China, India, and the US. This year, 95.2 million digital buyers—or more than half of Brazil’s population ages 14 and older—will make at least one online purchase. Product Categories Driving Ecommerce Sales Growth. For the first time, we’ve broken out retail ecommerce sales in Brazil across 10 product categories.
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| Aug 29, 2022
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| Sep 1, 2023
Source: Insider Intelligence | eMarketer
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| Sep 1, 2023
Source: Insider Intelligence | eMarketer
Among the respondents most willing to consider buying, selling, or using NFTs were those in Indonesia (65%), Mexico (53%), India (52%), and China (45%). Consumers in the US and Great Britain were among the least interested, at 12% and 9%, respectively.
Article
| Apr 7, 2022
Shorts debuted in India after the country’s TikTok ban in 2020. And as of January 2021 (prior to its worldwide release), Shorts brought in 3.5 billion views a day from India alone, per CNBC. Creators, Livestreaming, and Distribution on Larger Screens Will Bring More Changes to Social Video Usage.
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| Mar 7, 2022
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| Sep 7, 2023
Source: Boston Consulting Group (BCG); Matrix Partners India
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| Sep 1, 2023
Source: Insider Intelligence | eMarketer
The feature uses an RSS feed to update a publisher’s Story in the Discover tab and is currently in a testing phase with select publishers in the US, the UK, France, and India. Shared Stories expand on Custom Stories. Custom Stories allow users to invite friends to view and add to a Story. Now, those friends can bring in other friends as contributors.
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| Jun 30, 2022
But Wojcicki didn’t specify where those views were from, and it’s likely that a significant chunk came from India, where TikTok remains banned. In fact, YouTube had said in January 2021 that Shorts brought in 3.5 billion views per day in India alone. TikTok is leaning into longer-form video. TikTok is encroaching on YouTube’s turf as it extends its maximum video length.
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| Mar 8, 2022
The region is also right next door to economic heavyweight India. The return of tourism in Southeast Asia should be a welcome sign for retailers as well, from both sales and innovation perspectives. So, just how much of a growth story will Southeast Asia’s retail sector be in 2022 and beyond? Southeast Asia’s ecommerce moment is now.
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| Jul 29, 2022
India is a good example: Domestic payments titan Paytm as well as the government in partnership with card network RuPay launched softPOS solutions last year. And Mastercard is piloting the technology in South Africa. More solutions will likely crop up in the year ahead, especially from major players looking to move into developing markets. Point-of-Sale Software.
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| Feb 8, 2022
A PYMNTS report outlines how banks and third-party financial services companies can remove an impediment to winning over consumers’ trust by improving data-consent processes.
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| Dec 6, 2021
In the kitchen, unexpected twists can result in exciting new flavors. Watch Industry Voices: Spotlight on CPG with Cafe Spice’s CEO and co-founder Sameer Malhotra to see how ingenuity and resilience are driving new recipes for success in the grab-and-go meals category.
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| Nov 12, 2021
But providers can also test use case-focused engagement tools, like Venmo’s gift wrapping, or explore rewards programs and gamification, like WhatsApp is testing in India. Cash and check remain popular for functions like disbursements and bill pay, which might push providers to explore these features: Venmo and Zelle already dabble in disbursements, for example.
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| May 31, 2022
New features in India (a known testing ground for the wallet), like micro-lending or bill splitting, may also foreshadow what’s to come. But the provider’s largest change—which comes after a period of heavy staff turnover that reportedly slowed innovation, an abandoned banking push, and new leadership—will be the most impactful. Google is breaking out Google Wallet from Google Pay.
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| May 27, 2022
But banks shouldn’t wait for such orders to bolster their defenses, as consumers aren’t lenient about failures: 41% of customers in India blame banks rather than hackers when breaches occur, per a LocalCircles February 2022 survey. In our interactive chart, select “Security” in the Category dropdown to see how consumers rate its importance by demographics.
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| Aug 26, 2022