Thursday, November 15, 2018

Changing Dynamics of the Digital Imaging in Japan Market Outlook: Ken Research

The industry of dentistry is growing more significantly with the significant development in the technology. Moreover, in the recent past decades this industry has benefitted with the establishment of the new advanced technologies and more precise diagnostic tools, essentially imaging methods, have become mandatory. The term digital radiography is a synonym of digital imaging. Furthermore, the dentists made usage of digital imaging for various reasons such as malignant or benign masses, to find out the hidden dental structure, cavities and bone loss. From the modest intra-oral periapical X-rays, developed imaging procedures and like cone beam computed tomography, computed tomography, ultrasound and magnetic resonance imaging have also originate in place of modern dentistry. The key players of this technology in Japan is playing an effective role for gaining the handsome amount of share by dominating the demand of extensive buyers while, with the more development in the specifications of this technology which will lead the market growth more significantly of the digital imaging in the coming years.

According to the report analysis, ‘Japan Dental Imaging Market Outlook to 2025’ states that some of the major companies in Japan which are currently functioning in the market of digital imaging more actively for attaining the highest share by accomplishing the growing demand of users includes Carestream Dental Ltd, Asahi Roentgen Ind Co Ltd, Danaher Corp, Planmeca Oy, Dentsply Sirona Inc, Vatech Co Ltd, Sony Corp, Acteon Group and several others. Moreover, the report also consist information related to the company shares and the distribution shares data for each of these market segments, and global corporate-level profiles of the key market participants.  Whereas, Carestream Dental Ltd, Danaher Corp, and Dentsply Sirona Inc are the major key players which are having effective amount share in the market of digital imaging in Japan. The market of digital imaging in Japan is segmented differently which includes Dental Cameras and Dental Radiology Equipment.

The key players of this market in Japan design the strategies and policies for defeating the competitor by identifying who-stands-where in the market. Moreover, develop the investment strategies by identifying the key categories which are expected to register a strong growth in the coming years. The digital imaging tools in dentistry are a valuable diagnostic tool as it is an adjunct to clinical examination in the diagnosis of dental diseases. However, there are certain restrictions of two-dimensional radiographs, which can be overawed by three-dimensional, imaging procedures such as magnetic resonance imaging and ultrasound and computed radiographs. In addition, the optimum utilization of newer radiographic practices, where designated, can help early detection and applicable and well-timed cure for countless dental and oral pathology.

The main key players of this industry of Japan develop their business strategies by investigating the key market categories which are fuelled for the strong growth in the coming years. Moreover, with the effective investigation the players are entering into the key distribution channels which lead the market demand more significantly and make the more competitive by which the new entrants are willing to make the effective investment. Therefore, it is expected that the market of digital imaging in Japan will grow more significantly in the coming years over the decades with the more development in the technology of this.

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Surging Landscape Of PVC Pipe And Plastic Pipe In The Global Pipe And Valve Market Outlook: Ken Research

Pipe and Valve Market
The PVC pipe and plastic pipe is the major product of the pipe and valve industry which makes the market more efficient and fuels the growth of this industry. Most frequently the plastic pipe is used for the conveyance of drinking water and wastewater whereas the PVC pipes are is used majorly in the building and for other commercial use. Additionally, with the increase in the disposable income and rising urbanization leads to the significant use of both such as PVC pipe and Plastic pipe. According to the report analysis, ‘Industrial Pipe And Valves Market Overview states that the growing industrialization in the underdeveloped countries, rising gas distribution, water supply, and agriculture and rural are some major factors due to which the demand of PVC pipe and Plastic pipe will grow more faster than the earlier trend. Moreover, the PVC pipe and Plastic pipe are the most valuable items in terms of profit generated of the chemical and gas distribution industry and the usage of PVC is frequently done as the protection of electric wires. Hence, with the numerous applications and usage factors, the demand of PVC pipe and Plastic pipe will lead the market growth of the Pipe and Valve market.

As a raw material in a building, both the pipes are available at a reasonable price. In the recent trend, PVC pipe has become the most prominent raw material in the construction and building which majorly involves drain-waste-vent (DWV), irrigation, water service line and into another industrial fitting whereas, the usage of plastic pipe is majorly done for a sewer application, conveyance of gas and others. The significant development in the technology of product making and raising in the irrigation the usage of PVC and plastic pipe in the building and field will further lead to the growth of the pipe and valve market. According to the report analysis, ‘Pipe and Valve Market Forecast’ states that with the long durability with the significant reliability and safety the demand of both the pipe increasing by the time in an outstanding manner. Moreover, the applications of both the pipe are almost similar which involves construction and mining, heating and cooling fluid, vacuum system, automotive industry, oil, and gas industry and majorly for the water treatment such as supplying of water, sewer, and others. Moreover, the demand for Plastic and PVC pipe has increased in an outstanding manner due to the effective use of both the pipe in the irrigation area.

On the basis of geography, the irrigation sector is majorly dominated the Asia Pacific region therefore, this region has largely dominated the market of pipe and valve. In addition, Europe is also doing an effective job for enhancing the use of pipe and valve in the industries and irrigation sector. Furthermore, the North America region is investing in a more significant manner in the agriculture and wastewater application of the PVC and Plastic Pipe which lead the market growth of pipe and valve market. Not only has this, but the pipe and valve industry is also having numerous key player which are showing their efficiency in the effective product making and enhancing the applications of both the pipes which make the market more competitive and attractive. Therefore, in the coming years, it is expected that the pipe and valve market will grow more significantly with the extensive usage of PVC pipe and Plastic pipe in the industries and construction & building sector. 

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Growing Demand For Liquors In Indian Market Outlook: Ken Research

India Spirits Market
India is a developing country but drinking has been as essential as putting oil while cooking food and it has been a crucial part of all the Indian culture. Moreover, India is a multicultural region where the spirits are very much prevalent on the occasions. Whereas, many of the key players in this sector is playing an effective role by producing an efficient product at an economical rate which results from the growth in demand more actively in the recent trend. In addition, the significant development in the economy and drastic change in the lifestyle are key drivers to lead the market growth more enormously in the forecasted period. Not only has this, but the market growth also driven by the significant increase in the disposable income. This region has a huge brand in the Indian spirits sector while the key players of this market are introducing the e-commerce stage for registering the highest amount of market share by accomplishing the growing demand for the spirits of alcoholic buyers which will further conclude the market growth in the near future.
According to the report analysis, ‘Country Profile: Spirits in India’ states that some of the major key players are recently functioning in this market more actively for dominating the huge market share by doing effective packaging of the product which results in increasing the demand of spirits includes Allied Blenders And Distillers Pvt. Ltd., Diageo plc, Pernod Ricard SA, John Distilleries, RadicoKhaitan Ltd, TilakNagar Industries Ltd., Oaken Glow, Shiva Distilleries Limited, John Distilleries, Amrut Distilleries Ltd and several others. For instance, 'Diageo plc', 'Pernod Ricard SA' and 'Allied Blenders And Distillers Pvt. Ltd.' are the leading market players in the Indian spirits sector. Moreover, the key players of this market are doing effective working by doing effective and attractive packaging for increasing the demand by utilizing the effective packaging material likewise glass, rigid plastics, rigid metal, bottle, can and several others while, and glass is the only pack material used in the Indian spirits sector.
The major key players of this market are using the various distribution channels for attaining the huge market such as hypermarkets & supermarkets, department stores, convenience stores, drugstores & pharmacies, food & drinks specialists, cash & carries and warehouse clubs, 'dollar stores', variety store & general merchandise retailers, vending machines, e-retailers, on-trade, and other general retailers. However, Food & drinks specialists were the leading distribution channel in the Indian Spirits sector, followed by hypermarkets & supermarkets.
The per capita consumption of spirits was lower in India as compared to both global and regional levels in 2017. Whereas, in the Indian market of spirits there are various types of liquor with the different application, price, quality, taste, and quantity which includes brandy, gin & genever, liqueurs, rum, specialty spirits, tequila & mezcal, vodka, and whiskey. Meanwhile, out of the categories, whiskey was the largest in value terms in the Indian Spirits sector. Therefore, it is expected that the Indian market of spirits will grow more increasingly in the coming years over the next few years with the effective investment of the new entrants.
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UAE Plastic Pipes and Fittings Market Driven by Growth in Commercial and Residential Real Estate, Infrastructure development for Expo 2020 and Vision 2021 along with increasing use of PE Pipes in Various Industries: Ken Research

UAE is home to around 20 plastic pipes and fitting manufacturers among which Hepworth, Cosmoplast, Modern Plastics, National Plastics, Polyfab and Al Gawas are some of the big players.
UAE plastic pipe and fitting market is in its late growth stage. The market has witnessed growth at a positive CAGR from 2012 to 2017. The demand of uPVC pipes dominated the UAE market owing to the substitution of metallic and the galvanized iron pipes in the building industry. The second highest consumption was for PE pipes followed by CPVC and other pipes including ABS, PP and PVDF. The demand for PE pipes has significantly grown in the past few years owing to the demand from water supply, marine, sewage, agricultural and fire loops applications owing to their high strength and high chemical inertness. The highest demand for plastic pipes has originated from the water supply and sewage applications. The demand is primarily led by the rising construction of residential housing, commercial real estate and other infrastructural projects. In accordance with plans for Expo 2020 and Vision 2021, several residential and commercial real estate projects have been initiated which have further supported the growth in the plastic pipes industry.

Hepworth, Cosmoplast, Modern Plastics, National Plastics, and Polyfab are some of the leading players in organized sector of plastic pipe and fittings in UAE. These companies have a diverse product portfolio for a range of applications. The unorganized players manufacture only certain products and have a small distribution network. Owing to the demand from some end users, traders operating in the market also import plastic pipes of branded companies such as Wavin plastic pipes, George Fishers and others from European countries. The competition among players in the market is primarily based on competitive prices, wide product portfolio and quality of the pipes and fittings.
  
According to Ken Research report titled “UAE Plastic Pipes (UPVC, PVC and CPVC, PE and Others) and Fittings Market Outlook to 2022 - Driven by Resilient Growth in Water Supply and Sewage and Plumbing Contracts” growth in real estate and infrastructure sector coupled with growth in tourism and rising population and disposable income have been the major growth drivers in UAE plastic pipe and fitting market. On the other hand, rising prices of resins, low profit margins, weakening of private consumption due to prolonged slump in oil prices have been the major restraints in the growth of the market.

Key Topics Covered in the Report
Value Chain UAE Plastic
Manufacturing Process Plastic Pipe UAE
Plastic Resin Market UAE
Shamoplast Revenue UAE
Export plastic Pipe UAE
Import Plastic Pipe UAE
Growth Drivers UAE Plastic Pipe Fitting
Issues and Challenges UAE Plastic Pipe Fitting
UAE Plastic Pipes Revenue Forecast
Organized Sector Pipe Manufacturer UAE

Key Segments Covered
By Type of Pipe
·         uPVC
·         PE
·         CPVC
·         Others (PPR, ABS, PVDF and others)

By Type of Market Structure
·         Organized Market
·         Unorganized Market

By Type of End User Application
·         Water Supply and Sewage
·         Plumbing
·         Chemical and Oil
·         Irrigation
·         Others (cable protection, healthcare and automotive and other industries)
·         By Domestic Manufacturing and Imports

Key Target Audience
·         Plastic Pipes and Fittings Manufacturers
·         Plastic Resins Manufacturers
·         Major Importers of Plastic Pipes and Fittings
·         Private Equity Ventures

Time Period Captured in the Report:
2013-2017 – Historical Period
2018-2023 – Future Forecast

Major Companies Covered:
Hepworth, Cosmoplast, Modern Plastics, Polyfab, National Plastics, Al Gawas Plastic Industries LLC, Shamo Plast

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General Insurance to Act as a Mainstay for All Services and Products : Ken Research


According to study, “Strategic Market Intelligence: General Insurance in the US – 2017” some of the major companies that are currently working in the general insurance in the U.S. are State Farm Grp, Berkshire Hathaway Grp, Liberty MutGrp, Allstate Ins Grp, Progressive Grp, Travelers Grp, Chubb Ltd Grp, Nationwide Corp Grp, Farmers Ins Grp, United Serv Automobile.
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the U.S.
The U.S. has the world's largest and most mature general insurance segment. It enables to minimize the effect of unexpected and often unwelcome future events and helps to organize personal and business life with greater confidence. It covers properly against fire, burglary, theft, flood storm and earthquake. It also covers machinery against breakdown, motor vehicles against damages and hull of ships etc. It is important for many reasons: to get financial security, to get peace of mind against risk, to avoid burden of loss and to avoid accidents etc.
General insurance is classified in two types: commercial lines and personal lines. Commercial lines products are usually designed for relatively small legal entities: it includes public liability, product liability, commercial fleet and other general insurance products, which are sold in a relatively standard fashion to many organizations.
Some types of general insurance are included car or auto insurance, liability insurance, marine insurance, fire insurance, engineering insurance and burglary insurance. Car or auto insurance is a contract between user and the insurance company that protects against financial loss in the event of an accident or theft: it provides protection against third party liability and physical damages from fire, riots, flood, cyclones, burglary and theft etc. Liability insurance is purchased to protect an individual or a business: it covers legal pay-outs and costs for which the person insured is responsible. Marine insurance refers to coverage provided for the loss or even damage that has been caused to cargo, ships, terminals between their points of origin and final destination. Fire insurance covers any damage to property as a result of a fire: it goes beyond property insurance and covers the cost of reconstruction, the cost of replacement and the cost of repair etc. Health insurance offers a way to reduce such costs to more reasonable, affordable amounts. Engineering insurance provides coverage for damage to machinery, business interruption, stock deterioration, stock deterioration and computers & electronic equipment etc. additionally, burglary insurance provides financial compensation against loss or damage to property contained in premises by acts of burglary.
Some characteristics of general insurance are involved payment of fortuitous losses, risk transfer, pooling of losses and indemnification etc. Some latest trends of general insurance such as digital, block-chain, customer focus, new accounting standards, conduct & mis-selling, data analytics, cyber insurance, artificial intelligence and insurtech etc.
In 2017, in U.S., the percentage of people with health insurance coverage was 91.2 %. As well as private health insurance coverage continued to be more prevalent than government coverage, at 67.2 % and 37.7 %, respectively. Health insurance reduces costs to more reasonable, affordable amounts. It provide many benefits such as emergency services hospitalization, laboratory tests, maternity and newborn care, mental health and substance-abuse treatment, outpatient care, pediatric services, prescription drugs, preventive services  & management of chronic diseases and rehabilitation services etc.
In 2017, private health insurance coverage continued to be more prevalent than government coverage, at 67.2 % and 37.7 %, respectively. Of the subtypes of health insurance coverage, employer-based insurance was the most common, covering 56.0 % of the population for some or all of the calendar year, followed by Medicaid, Medicare, direct-purchase coverage, and military coverage.
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General Insurance to Minimize the Financial Risks on Unexpected Future Events : Ken Research


According to study, “Strategic Market Intelligence: General Insurance in Taiwan – 2017 some of the major companies that are currently working in the general insurance in Taiwan are Fubonlnsurance, Cathay Century Insurance, Shin Kong Fire & Marin, Mingtai Fire & Marine, Tokio Marine Newa, South China, Union – Taiwan, The Taian, Chung Kuo, The First.
General insurance is a non-life insurance policy, also called as property & casualty insurance. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. It enables to minimize the effect of unexpected and often unwelcome future events and helps to organize personal and business life with greater confidence. It covers properly against fire, burglary, theft, flood storm and earthquake. It also covers machinery against breakdown, motor vehicles against damages and hull of ships etc. It is important for many reasons: to get financial security, to get peace of mind against risk, to avoid burden of loss and to avoid accidents etc.
General insurance is classified in two types: commercial lines and personal lines. Commercial lines products are usually designed for relatively small legal entities: it includes public liability, product liability, commercial fleet and other general insurance products, which are sold in a relatively standard fashion to many organizations. Personal lines products are designed to be sold in large quantities: it includes autos, homeowners, pet insurance and creditor insurance etc.
Some of the major types of general insurance include car or auto insurance, liability insurance, marine insurance, fire insurance, health insurance, engineering insurance and burglary insurance. Car or auto insurance is a contract between user and the insurance company that protects against financial loss in the event of an accident or theft: it provides protection against third party liability and physical damages from fire, riots, flood, cyclones, burglary and theft etc. Liability insurance is purchased to protect an individual or a business: it covers legal pay-outs and costs for which the person insured is responsible. Marine insurance refers to coverage provided for the loss or even damage that has been caused to cargo, ships, terminals between their points of origin and final destination. Fire insurance covers any damage to property as a result of a fire. Health insurance offers a way to reduce such costs to more reasonable, affordable amounts. Engineering insurance provides coverage for damage to machinery, business interruption, stock deterioration, stock deterioration and computers & electronic equipment etc. additionally, burglary insurance provides financial compensation against loss or damage to property contained in premises by acts of burglary.
In Taiwan every citizen is covered for healthcare and medical treatment under the National Health Insurance (NHI) scheme. In this regard the Taiwanese healthcare system is being cited by many foreigners as exactly the right balance of private and public. In 2018, Taiwan launched the NHI initiative by integrating medical programs from existing insurance systems for laborers, farmers, and government employees, which covered only half the population. The NHI is a public program run by the government based on a single-payer model. In addition, the NHI’s information system has migrated to the cloud, making it much easier for hospitals, clinics, and doctors to access medical information. In 2017, the NHIA allocated NT$2.4 billion (US$82 million) for the expensive, highly effective oral hepatitis C medications, providing the drugs to some 9,300 people. In 2018,a total of NT$4.25 billion has been earmarked with the goal of helping an additional 17,000 patients. It is expected to drive the non life insurance market to a value of $19.9bn by the end of 2019. It is estimated that, Taiwan’s general insurance market will be increased instantly in upcoming years.
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Increasing Prospect Of Australian Hair Care Market Outlook: Ken Research

hair care market in Australia
The hair care market in Australia is gaining more attention from the potential buyers as in this market the hair care products are very much effective and attractive which lead the market grew more significantly in the recent trend. Moreover, the market is having a huge variety of products which majorly includes anti-dandruff, kids shampoo, standard shampoo, hair mousse, hair gel, styling creams and waxes, hairsprays and several others. Meanwhile, per capita consumption of Shampoo is higher in Australia when compared to the global and regional averages. With the existence of numerous products, the market is gaining effective attention from potential buyers. The advanced development in the economy also leading the growth of this sector in Australia more actively as sometimes these products define the status of the population. In the recent trend, the key players and retailers of this sector are establishing the e-commerce platform for dominating the wide demand of potential buyers across the globe and lead the market grew more significantly in the coming years.
According to the report analysis, ‘Country Profile: Haircare in Australia’ states that some of the major companies which are currently functioning in this sector more actively for attaining the highest share around the globe include L`Oreal S.A., Unilever, Procter & Gamble, Henkel AG & Co. KGaA, Coty Inc., Colgate-Palmolive Company, Johnson & Johnson Services Inc, Kao, LornameadInc, Natures Organics, Amway Corporation, Avon Products Inc., Rmj Pty. Ltd., NaturaCosmeticos S A, Pt. Rohto Laboratories Indonesia, Combe Incorporated, Lonil, High Ridge Brands Co., Sara Lee Corporation and several others. However, L`Oreal-Excellence, Pantene, and Schwarzkopf are the leading brands in the Australian Haircare sector. In addition, these key players are distributing their product through the various distribution channels which include hypermarkets & supermarkets, convenience stores, health & beauty stores, cash & carries and warehouse clubs, variety store & general merchandise retailers, e-retailers, vending machines, and several others. However, the hypermarkets & supermarkets are the leading distribution channel in the Australian hair care sector.
The manufacturers are investing more actively in the attractive packaging of the product while packaging material includes, flexible packaging, rigid plastics, rigid metal, and several others. For instance, the Rigid plastics are the most commonly used pack material in the Australian hair care sector, followed by flexible packaging and rigid metal.
During 2017-2022 the hair care segment in Australia is anticipating an overall volume growth of 4.4% and in 2017, the per capita consumption of hair care was higher in Australia compared to the global and regional levels. Moreover, the key players are identifying the high potential categories and gain effective opportunities from acquiring the highest market share. Furthermore, the manufactures of this market are establishing effective techniques and strategies for making the product more efficient and lead the competitive nature in the market. The existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities. Moreover, in the coming years, it is expected that the market of Australian hair care market will grow more significantly over the decades with the more developed in the technology of product making.
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Fintech a New Solution for Banking Sector : Ken Research


According to study, “Deutsche Bank: Fintech Ecosystem” some of the major companies that are currently working in the Deutsche bank fintech ecosystem are Symphony, R3, Finanzguru, IBM, Xchanging Transaction Bank.
Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.Deutsche Bank has launched the Deutsche Bank application programming interface to help early stage start-ups accelerate their innovations. It has also collaborated with technology providers to create and test digital solutions for its clients.Deutsche Bank has made investments in various technology companies to enhance its portfolio of digital payment solutions offered to both corporate and individual clients, and to improve its internal communication channel for better productivity. The bank has also acquired stakes in software providers in order to leverage their technology and develop new digital applications.It provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.
Fintech is a contradiction of “finance” and “technology”. It is the use of technology in the financial services industry resulting in the introduction of new and innovative products and services, primarily through software. It may refer too use of technology in the financial services industry resulting in the introduction of new and innovative products and services, primarily through software. It includes payments, investments, advisory, insurance, bigdata and financing etc. Some examples of fintech are peer to peer or marketplace lending platforms, equity crowdfunding and roboadvice.
The various Fintech initiatives can generate projects that require a bank license, an authorization to operate as payment or e-money institutions. The launch of fintech initiatives through payment or e-money institutions is the most frequent way to enter the financial market. The most common initiatives consist in the creation of a payment institution to support the lending crowd funding platforms; the payments can be completed using electronic money products. Some new product launch strategies in financial markets are choosing the right team, bringing the third party validation, sell solutions not products and leverage all the marketing tools etc.
Some benefits of fintech ecosystem are user anonymity privacy, transparency of transactions, cheaper & faster transactions, cyber-crime defense and financial inclusion etc. Some risks are involved lack of government intervention, cybercrime, data security/data protection, volatility, low consumer protection and terrorist financing etc.
Some new opportunities of fintech Deutsche Bank are simplifying payments & billing, mobile payments, enhanced security, updating legacy systems, exploration of blockchain technology, migration to digital platforms, ability to improve efficiency & reduce costs and growth of crypto currencies & the peer to peer transfers etc.
Some recent initiatives by Deutsche Bank have established a research and development center and four innovation labs across Europe and the US. Also, it has developed a suite of robo-advisory and business management tools in co-operation with various technology providers. It launched a Digitalization Initiative, aiming to invest up to EUR1bn in digital technologies by 2020 and transform itself into a digital bank. The Deutsche Bank, Fintech strategy’s plan includes investing €750 million ($570 million) in digital products and advisory services by 2020.
Deutsche Bank acquisitions are mainly focused on artificial intelligence-based fintech start-ups. In near future, as part of the acquisition, Deutsche Bank will take over all employees of Quantiguaus, who will join the core team responsible for the development and roll-out of the transaction bank’s global API program.
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Wednesday, November 14, 2018

Growing Landscape of Payments in Lithuania Market Outlook: Ken Research

The industry of banking financial services and insurance is growing more actively with the development in the technologies of financial services. Whereas, in November 2017, for turning up the electronic payments in the Lithuania the bank of Lithuania launched the Single Euro Payments Area (SPEA) instant payment system SCT Inst. SPEA will allow consumers to make euro payments cashless to any account which is located anywhere with the usage of single bank account and a single set of payment instruments. Moreover, this bank perform primary functions such as maintaining price stability, formulating and implementing the monetary policy and acting as an agent of the state treasury. In 2018, for up surging the scope and acceptance of instant payments, Bank of Lithuania (BoL) partnered with European payments company SIA to access RT1. Furthermore, the key players are benefitted with the mergers and acquisition for promoting the landscape of payment in Lithuania. The major goal of SEPA implementation is to develop the effectiveness of cross-border payments and transform the fragmented national industry for euro payments into a single domestic one.

On the basis of Bank of Lithuania, contactless payments, when anyone just need to touch a POS-terminal with your bankcard to pay for an acquisition without entering the PIN code, are attaining effective popularity and attention.

According to the report analysis, ‘Payments Landscape in Lithuania: Opportunities and Risks to 2022’ states that some of the major companies which are currently functioning in this domain more actively for establishing effective payment landscape in Lithuania includes Swedbank, SEB, Citadele, Luminor, Siauliu Bankas, Visa, Mastercard, American Express, PayPal and several others. The Lithuanian banking segment is experiencing consolidation because of the mergers and acquisitions of the key financial institutions such as banks. Meanwhile, in October 2017 the Nordea Bank and DNB Bank merged together for forming a new bank under the brand name of Luminor. Prior in 2016, the Danske Banks’s retail banking services was acquired by the Swedbank in the country. In January 2017 for attracting new entrants and to decrease the concentration of market in the banking sector, the Bank of Lithuania established a new type of Specialized Bank license.

With the help of this license, a bank can be set up with a low initial capital requirement of EUR 1 million (USD 1.2 million) compared to the general requirement of EUR 5 million (USD 6 million). This license enables banks to serve all the traditional banking facilities such as lending, payment services and deposit acceptance while, the services related to investment and pension funds are not offered. Moreover, in August 2018, over 1,000 payment service providers from 16 countries have joined the instant payment scheme which includes Belgium, France, Spain, Portugal, Italy, the Netherlands, Austria, Germany, Malta, Monaco, Sweden, Latvia, the UK, Estonia, Bulgaria and Lithuania. 

The landscape of the payments in Lithuania will grow more significantly with the effective regulations of the BoL and the mergers and acquisitions furthermore, the key players are also understanding the key market trends and growth opportunities in the country cards and payments industry.

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