Research Notes
Jul 04
Credit card issuance and usage wane as digital and mobile payments increase in popularity.
Credit card issuance and usage wane as digital and mobile payments increase in popularity.
Wide discontent with conventional banks have led to the emergence of mobile-only fintech banks. However, these challenger banks are struggling to expand their customer reach, putting doubts whether they can stand against bigger traditional banks.
HSBC will continue reshaping its business and conduct cost-saving strategies amidst a weak performance in its European, Latin American, and North American businesses.