The Report Global Banknote Market Report: 2014 Edition provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz
Albany, NY -- (SBWIRE) -- 01/16/2015 -- The global banknote industry has come a long way since the first fully printed paper money appeared in the middle of 19th century. Today, the industry is characterized by a constant that is change. This industry continues to be shaped and driven forth by regular developments in technologies highlighted by innovations primarily focusing on delivering newer security features to take on the industry's dominant threat: counterfeiting. Newer banknotes embodies a range of security features including 3D security ribbons, watermarks, security threads, portrait modifications and micro printing among others.
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To take the battle against counterfeiting a step further, countries across the world are increasingly turning towards basing their currencies on polymer substrate rather than the conventional paper substrate. Some are also experimenting with what can be called a hybrid substrate, consisting of the best features and abilities of both the substrates. Countries that have adopted polymer substrates have significantly reduced the risk of encountering counterfeit banknotes in their respective economies, notably New Zealand, Australia and Switzerland, although none reported the ride to be smooth.
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Money supply in an economy is affected by a number of factors both at the macro level as well as at the micro level. Major macro factors influencing the amount of money in circulation include GDP, demography, and inflation; whereas the micro-level factors are user friendliness and safety, etc. Although there seems to be a rapid emergence of other modes of payment (including plastic money and electronic payment methods) aided by increasing penetration of internet and rising prosperity across the globe, but none can match the convenience and scale of the traditional mode of payment, i.e. cash which is keeping the industry afloat.
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The following report contains the analysis of the banknote market on a global scale discussing its major segments and also provides detailed information regarding the key regional markets. Key market dynamics, including trends and industry developments have also been presented. The competition in the global banknote market is intense with few large players viz. De La Rue, Geisecke & Devrient (G&D) and Fortress Paper. In addition, global competitive landscape along with the profiles and key business strategies of the leading players in the market is discussed.
China Automated Teller Machine (ATM) Industry Report, 2014-2018
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Global and Chinese ATM markets (2013-2014) present characteristics and trends as follows:
(1) By country, China, India, Indonesia, Pakistan, Nigeria, the Philippines and other countries with low-density ATM installation will be new engines for global ATM growth.
Among them, China as the world's largest ATM market has seen 583,700 ATMs joined China's UnionPay network by the end of the third quarter of 2014, an increase of 63,700 units from the end of 2013 and 99,700 units (up 20.6%) year on year. In the future, the development of rural finance as well as the construction of small outlets such as "community bank" and "financial convenience store" in China will spur the demand for ATM and VTM.
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International ATM manufacturers are now accelerating market layout in India and other countries besides maintaining their market share in China. For example, Hitachi acquired Prizm Payment Services Pvt Ltd – an Indian ATM and POS payment solutions provider in March 2014; OKI announced the founding of a sales company in India to manage the local market in April 2014, and prior to that its sales in the Indian market were shouldered by local agents; NCR's second factory in India will come into use in March 2015.
Global Remittance Market Report: 2014 Edition
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Remittance is defined as transfer of money by a person who resides in a foreign country to his or her home country. Remittance industry contributes to economic growth and livelihoods of people across the world. In most of the developing countries, money sent by foreign migrants to their home countries constitutes the second largest financial inflow to the respective nations. Furthermore, in the money receiving countries, remittance industry promotes further economic dependence on the global economy instead of building sustainable local economies.
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Remittance channel is collectively comprised of a sender, a recipient, intermediaries in both countries and the payment interface used by the intermediaries. The remittance system encompasses the following components: Remittance Service Providers (RSP), Remittance Corridors, Remittance Network and, Money Transfer System. Remittance Services are divided primarily on the basis of ways a network of access points is created and linked. There are broadly four categories: unilateral services, franchised services, negotiated services, and open services.
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