The efficiency ratio of the U.S. banking industry fluctuated significantly between 2003 and 2024, signalling the varying performance and stability of the industry. The ratio, which measures the non-interest expense as a percentage of the net operating revenue, was 65.49 percent in the first quarter of 2024, notably lower than in the previous quarter. The highest efficiency ratios were measured during the global financial crisis in 2008.

The average efficiency ratio of the United States banking industry is forecast to hover around a similar percentage in 2025 as it did in 2024. Banks in the U.S. have faced a range of cost pressures recently, including higher compensation expenses and increased investments in technology, compounded by broader inflationary trends. In the period between 2024 and 2026, expenses are expected to remain elevated, as banks prioritize technology modernization and retaining top talent.

The efficiency ratio of the U.S. banking industry fluctuated significantly between 2003 and 2024, signalling the varying performance and stability of the industry. The ratio, which measures the non-interest expense as a percentage of the net operating revenue, was 64.25 percent in the last quarter of 2024, notably lower than in the same quarter in the previous year. The highest efficiency ratios were measured during the global financial crisis in 2008.

As of March 2024, JPMorgan Chase Bank was the largest bank in the United States by the number of branches, with 5,110 branches nationwide. It was followed by Wells Fargo Bank, which operated 4,349 branches, and Bank of America, with 3,975 branches. For context, Wells Fargo had approximately three times the number of branches as Lloyds Bank, the leading British bank by branch count. Is the U.S. banking sector stable? The stability of the U.S. banking sector has improved steadily since the aftermath of the 2008 financial crisis. The share of non-performing loans held by U.S. banks has consistently decreased over time. As of the first quarter of 2024, all four of the largest U.S. banks—Wells Fargo, JPMorgan Chase, Bank of America, and Citigroup—maintained a Common Equity Tier 1 (CET1) capital ratio well above the Basel-III minimum requirement of 4.5 percent. The CET1 capital ratio, which measures a bank’s core capital against its risk-weighted assets, is a key indicator of a bank's financial strength and resilience. Digital banking in the U.S. With the rise of digital services, many traditional banking functions can now be performed online, reducing the need for a physical presence. Since 2009, the number of bank branches in the United States has steadily declined as consumers increasingly rely on digital banking solutions. This trend accelerated during the COVID-19 pandemic, with more Americans turning to online banking for convenience and cost-effectiveness.

European banks demonstrated varying levels of operational efficiency in 2023, as revealed by their cost-to-income ratios (CIR). UBS AG topped the list with the highest CIR at 95 percent, followed by Deutsche Bank and Société Générale, both exceeding 73 percent. On the other end of the spectrum, UniCredit reported the lowest CIR at 39.7 percent. This wide range of ratios highlights the diverse operational strategies and challenges faced by major European financial institutions. Profitability and operational efficiency The CIR serves as a crucial indicator of a bank's profitability, measuring the cost of running operations as a percentage of operating income. Lower ratios generally indicate higher profitability, while higher ratios suggest operational inefficiencies. Cost-to-income ratios in Europe varied between 32.1 percent and 79 percent in early 2024, with Greece's banking sector leading in efficiency. This disparity in CIRs reflects the ongoing efforts of European banks to optimize their operations and adapt to changing economic conditions. Revenue and profit landscape Despite varying CIRs, European banks continue to generate substantial revenues. In 2023, HSBC led the pack with annual revenues of approximately 59.85 billion euros, closely followed by Banco Santander at 57.42 billion euros. HSBC also demonstrated strong financial performance in terms of profits, reporting nearly 24.6 billion U.S. dollars in 2023. These figures underscore the resilience of major European banks in navigating challenging economic environments while maintaining their position as key players in the global financial landscape.

According to Cognitive Market Research, the global investment banking market size is USD 135121.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.60% from 2024 to 2031.

North America held the major market of around 40% of the global revenue with a market size of USD 54048.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 40536.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 31077.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
Latin America market of around 5% of the global revenue with a market size of USD 6756.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2702.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
The small and medium-sized enterprise (SMES) held the highest growth rate in Investment banking market in 2024.

Key Drivers of Investment Banking Market

Advances in Financial Technology to Increase Sales

Advances in financial technology, often referred to as Fin-Tech, are revolutionizing the investment banking landscape, driving sales through enhanced efficiency, accessibility, and innovation. Automated trading algorithms optimize trading execution, reducing transaction costs and enhancing market liquidity. Additionally, block chain technology facilitates secure and transparent transactions, streamlining settlement processes and reducing operational risks. Fin-Tech solutions also democratize access to financial services, enabling smaller investors and businesses to participate in capital markets through online platforms and robot-advisors. Moreover, artificial intelligence and machine learning algorithms analyse vast amounts of data to provide actionable insights for investment decisions, improving portfolio performance and risk management strategies. These technological advancements not only boost sales by attracting new clients but also increase client retention by delivering value-added services and fostering a competitive edge in the dynamic investment banking industry.

Increasing Cross-border Transactions to Propel the Market

Increasing cross-border transactions are poised to propel the investment banking market forward by expanding opportunities for global capital flows and fostering international collaboration. Globalization, coupled with evolving trade agreements and economic integration initiatives, encourages companies to seek opportunities beyond domestic borders. Investment banks play a pivotal role in facilitating cross-border mergers and acquisitions, cross-border financing, and international capital raising activities. Additionally, multinational corporations increasingly rely on investment banking services to navigate complex regulatory environments, currency risks, and cultural differences inherent in cross-border transactions. Furthermore, emerging markets offer lucrative prospects for investment banking services due to rapid economic growth and infrastructure development. As companies seek to capitalize on these opportunities, investment banks are positioned to benefit from the growing demand for advisory, financing, and risk management solutions tailored to the complexities of cross-border transactions.

Restraint Factors Of Investment Banking Market

Intense Competition among Investment Banks to limit the sales

Intense competition among investment banks can sometimes limit sales as firms engage in aggressive pricing strategies to secure deals, resulting in narrower profit margins. This pressure to undercut competitors' fees can lead to reduced revenue per transaction, impacting overall sales figures. Moreover, the emphasis on winning deals may divert resources away from cultivating long-term client relationships, potentially resulting in decreased client retention and repeat business. Additionally, intense competition may compel investment banks to take on higher-risk transactions or lower-quality clients to maintain market share, increasing exposure to credit and operational risks. Furthermore, the cost of competing for top talen...

Abstract

The World Bank Group is interested in gauging the views of clients and partners who are either involved in development in Colombia or who observe activities related to social and economic development. The World Bank Country Assessment Survey is meant to give the World Bank Group's team that works in Colombia, greater insight into how the Bank's work is perceived. This is one tool the World Bank Group uses to assess the views of its critical stakeholders. With this understanding, the World Bank Group hopes to develop more effective strategies, outreach and programs that support development in Colombia. The World Bank Group commissioned an independent firm to oversee the logistics of this effort in Colombia.

This survey was designed to achieve the following objectives:

• Assist the World Bank Group in gaining a better understanding of how stakeholders in Colombia perceive the Bank;

• Obtain systematic feedback from stakeholders in Colombia regarding: · Their views regarding the general environment in Colombia; · Their overall attitudes toward the World Bank Group in Colombia; · Overall impressions of the World Bank Group's effectiveness and results, knowledge and convening services, and communication and information sharing in Colombia; and · Perceptions of the World Bank Group's future role in Colombia.

• Use data to help inform Colombia country team's strategy.

Geographic coverage

National

Analysis unit

Stakeholder

Universe

Stakeholders of the World Bank in Colombia

Kind of data

Sample survey data [ssd]

Sampling procedure

In May and June 2013, 665 stakeholders of the World Bank Group in Colombia were invited to provide their opinions on the Bank's assistance to the country by participating in a country survey. Participants in the survey were drawn from among the office of the President; the office of a Minister; the office of a Parliamentarian; employees of a ministry, ministerial department, or implementation agency; consultants/contractors working on World Bank Group-supported projects/programs; project management units (PMUs) overseeing implementation of a project; local government officials or staff; bilateral agencies; multilateral agencies; private sector organizations; private foundations; the financial sector/private banks; NGOs; community-based organizations (CBOs); the media; independent government institutions; trade unions; faith-based groups; academia/research institutes/think tanks; and the judiciary branch.

Mode of data collection

Mail Questionnaire [mail]

Research instrument

The Questionnaire consists of 9 Sections:

A. General Issues Facing Colombia: Respondents were asked to indicate whether Colombia is headed in the right direction, what they thought were the top three most important development priorities, which areas would contribute most to reducing poverty in Colombia, and how to best achieve "shared prosperity".

B. Overall Attitudes toward the World Bank Group (WBG): Respondents were asked to rate their familiarity with the WBG and the IFC, the WBG's effectiveness in Colombia, the effectiveness of the WBG's collaboration, the WBG's staff preparedness to help Colombia solve its development challenges, their agreement with various statements regarding the WBG's work, and the extent to which the WBG is an effective development partner and the WBG's services meet the national development needs of Colombia. Respondents were also asked to indicate the sectoral areas on which it would be most productive for the WBG to focus its resources, the WBG's greatest weaknesses in its work, with which stakeholder groups the WBG should collaborate more, and to what reasons respondents attributed failed or slow reform efforts.

C. World Bank Group Effectiveness and Results: Respondents were asked to rate the extent to which the WBG's work helps achieve development results in Colombia, the extent to which the WBG meets Colombia's needs for knowledge services and financial instruments, and the WBG's level of effectiveness across nine aspects of Colombia's national development plan.

D. The World Bank Group's Knowledge and Convening Services: Respondents were asked to indicate how frequently they interact with the WBG on knowledge and convening services and to rate the quality of the WBG's knowledge and convening services, including how significant of a contribution it makes to development results and its technical quality. Respondents were also asked if they consulted the most recent LAC Flagship Report and if so, to evaluate it.

E. Working with the World Bank Group: Respondents were asked to rate their level of agreement with a series of statements regarding working with the WBG, such as working with the World Bank Group increasing Colombia's institutional capacity.

F. The Future Role of the World Bank Group in Colombia: Respondents were asked to rate to what extent the World Bank has moved in the right direction in the last three years, how significant a role the WBG and international development corporation should play in Colombia's development in the near future, and how significant a role the IFC should play in helping Colombia achieve its goals in the future. Respondents were also asked to indicate what the WBG should do to make itself of greater value in Colombia and which services the WBG should offer more of in Colombia.

G. Communication and Information Sharing: Respondents were asked to indicate how they get information about development issues, how they prefer to receive information from the WBG, and their usage and evaluation of the WBG's website. Respondents were asked about their awareness of the WBG's Access to Information policy, past information requests, and their level of agreement that they use more data from the WBG than a few years ago. Respondents were also asked about their level of agreement that they know how to find information from the WBG and that the WBG is responsive to information requests.

H. Development Organizations in the Region: Respondents were asked to rate their familiarity and impressions of effectiveness with the Inter-American Development Bank and Latin American Development Bank.

I. Background Information: Respondents were asked to indicate their current position, specialization, whether they professionally collaborate with the WBG, whether they are an IFC client, their exposure to the WBG in Colombia, which WBG agencies they work with, and geographic location.

Response rate

A total of 271 stakeholders participated in the country survey (41% response rate).

According to Cognitive Market Research, the global transaction banking market size will be USD 251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 100.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 75.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 57.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 12.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
The payment processing services category is the fastest growing segment of the transaction banking industry

Market Dynamics of Transaction Banking Market

Key Drivers for Transaction Banking Market

Growing Adoption of Digital Platforms and Technologies to Boost Market Growth

The growing adoption of digital platforms and technologies significantly enhances the transaction banking market by enabling real-time transactions, efficient cash management, and streamlined payment processing. Financial institutions leverage advanced technologies, such as artificial intelligence, blockchain, and cloud computing, to provide innovative services and improve client experiences. Digital platforms facilitate seamless cross-border transactions, reduce operational costs, and enhance security measures. As businesses increasingly seek agility and transparency, the demand for digital transaction banking solutions continues to rise, driving the market's growth and transformation towards more efficient, customer-centric services. For instance, in October 2024, Aurionpro Solutions Limited was pleased to announce a multi-million dollar deal with a leading bank in Saudi Arabia. This win reinforces Aurionpro’s leadership in digital banking transformation with the cutting-edge iCashpro platform, designed to meet the needs of both conventional and Shariah-compliant banking systems. The bank has chosen Aurionpro’s next-generation cash management and transaction banking platform to deliver a seamless and contextual customer experience to its corporate clients.

Increasing Focus on Real-Time Payments and Open Banking Initiatives to Drive Market Growth

The transaction banking market is significantly influenced by the increasing focus on real-time payments and open banking initiatives. Real-time payment systems enhance transaction speed and efficiency, meeting the growing demand for instant fund transfers and improved cash flow management. Simultaneously, open banking initiatives promote collaboration between banks and fintechs, fostering innovation in financial services. These developments lead to enhanced customer experiences, increased competition, and more tailored banking solutions, ultimately driving growth in the transaction banking sector while enabling businesses to optimize their liquidity and payment processes.

Restraint Factor for the Transaction Banking Market

Emergence of Fintech Companies & Alternative Payment Solutions will Limit Market Growth

The emergence of fintech companies and alternative payment solutions poses a significant restraint to the transaction banking market. These innovative players offer faster, more cost-effective services that challenge traditional banks, compelling them to adapt quickly. As customers increasingly favor seamless digital experiences, traditional transaction banks risk losing clients to fintechs that provide user-friendly platforms and competitive pricing. Additionally, fintech companies often operate with fewer regulatory burdens, allowing them to innovate and scale rapidly, further intensifying competition and pressuring transaction banks to enhance their offerings and reduce costs.

Impact of Covid-19 on the Transaction Banking Market

The COVID-19 pandemic significantly impacted the transaction ban...

Abstract

The World Bank is interested in gauging the views of clients and partners who are either involved in development in Paraguay or who observe activities related to social and economic development. The World Bank Country Assessment Survey is meant to give the World Bank's team that works in Paraguay, greater insight into how the Bank's work is perceived. This is one tool the World Bank uses to assess the views of its critical stakeholders. With this understanding, the World Bank hopes to develop more effective strategies, outreach and programs that support development in Paraguay. The World Bank commissioned an independent firm to oversee the logistics of this effort in Paraguay.

This survey was designed to achieve the following objectives:

• Assist the World Bank in gaining a better understanding of how stakeholders in Paraguay perceive the Bank; · Obtain systematic feedback from stakeholders in Paraguay regarding: · Their views regarding the general environment in Paraguay; · Their overall attitudes toward the World Bank in Paraguay; · Overall impressions of the World Bank's effectiveness and results, knowledge work and activities, and communication and information sharing in Paraguay; and
• Perceptions of the World Bank's future role in Paraguay.
• Use data to help inform Paraguay country team's strategy.

Geographic coverage

National

Analysis unit

Stakeholder

Universe

Stakeholders of the World Bank in Paraguay

Kind of data

Sample survey data [ssd]

Sampling procedure

In May and June 2013, 260 stakeholders of the World Bank in Paraguay were invited to provide their opinions on the Bank's assistance to the country by participating in a country survey. Participants in the survey were drawn from among the office of the President; the office of a Minister; the office of a Parliamentarian; employees of a ministry, ministerial department, or implementation agency; consultants/contractors working on World Bank-supported projects/programs; project management units (PMUs) overseeing implementation of a project; local government officials or staff; bilateral agencies; multilateral agencies; private sector organizations; private foundations; the financial sector/private banks; NGOs; community-based organizations (CBOs); the media; independent government institutions; trade unions; faith-based groups; academia/research institutes/think tanks; and the judiciary branch.

Mode of data collection

Mail Questionnaire [mail]

Research instrument

The Questionnaire consists of 8 Sections:

A. General Issues Facing Paraguay: Respondents were asked to indicate whether Paraguay is headed in the right direction, what they thought were the most important development priorities, which areas would contribute most to reducing poverty and generating economic growth in Paraguay, and how to best achieve "shared prosperity".

B. Overall Attitudes toward the World Bank: Respondents were asked to rate their familiarity with and the effectiveness of the World Bank, Inter-American Development Bank, and Latin American Development Bank. Respondents were asked to rate Bank staff preparedness to help Paraguay solve its development challenges, their agreement with various statements regarding the Bank's work, the extent to which the Bank is an effective development partner, and that the Bank's services meet the national development needs of Paraguay. Respondents were also asked to indicate the sectoral areas on which it would be most productive for the Bank to focus its resources, the Bank's greatest values and greatest weaknesses in its work, and with which stakeholder groups the Bank should collaborate more.

C. World Bank Effectiveness and Results: Respondents were asked to rate the extent to which the Bank's work helps achieve development results in Paraguay, the extent to which the Bank meets Paraguay's needs for knowledge services and financial instruments, and the Bank's level of effectiveness across eighteen development areas, such as social protection.

D. The World Bank's Knowledge Work and Activities: Respondents were asked to indicate how frequently they consult Bank knowledge work and activities, the areas on which the Bank should focus its knowledge work and activities, and to rate the quality of the Bank's knowledge work and activities, including how significant of a contribution it makes to development results and its technical quality. Respondents were also asked if they consulted the most recent LAC Flagship Report and if so, to evaluate it.

E. Working with the World Bank: Respondents were asked to rate their level of agreement with a series of statements regarding working with the Bank.

F. The Future Role of the World Bank in Paraguay: Respondents were asked to rate how significant a role the Bank and international development cooperation should play in Paraguay's development in the near future and to what extent they believe the Bank has moved in the right direction over the last three years. Respondents were also asked to indicate what the Bank should do to make itself of greater value in Paraguay and which services the Bank should offer more of in Paraguay.

G. Communication and Information Sharing: Respondents were asked to indicate how they get information about economic and social development issues, how they prefer to receive information from the Bank, their Internet access, and their usage and evaluation of the Bank's website. Respondents were asked about their awareness of the Bank's Access to Information policy, past information requests from the Bank, and their level of agreement that they use more data from the World Bank as a result of the Bank's Open Data policy. Respondents were also asked about their level of agreement that they know how to find information from the Bank and that the Bank is responsive to information requests.

H. Background Information: Respondents were asked to indicate their current position, specialization, whether they professionally collaborate with the World Bank, their exposure to the Bank in Paraguay, and geographic location.

Response rate

A total of 152 stakeholders participated in the country survey (58% response rate).

According to Cognitive Market Research, the global fintech market size is USD 251421.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 19.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 100568.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 75426.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 57826.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.2%% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 12571.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.6%% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5028.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.9%% from 2024 to 2031.
The regtech sector held the highest fintech market revenue share in 2024.

Market Dynamics of FinTech Market

Key Drivers of FinTech Market

Adoption of Cloud Computing Technology in FinTech Services to Provide Viable Market Output

The fintech market encompasses innovative technologies that disrupt traditional financial services, offering efficient and convenient solutions to consumers and businesses. With the adoption of cloud computing technology, fintech services benefit from scalable infrastructure, enhanced data security, and improved accessibility. Cloud-based fintech platforms enable seamless integration, real-time data processing, and cost-effective operations, driving efficiency and innovation in areas such as payments, lending, wealth management, and insurance, ultimately transforming the financial landscape.

For instance, in September 2023, Finastra launched compliance-as-a-service, an end-to-end solution for banks operating in the US and Europe. This solution was launched on Microsoft Azure for instant bank payment.

(Source: https://www.finastra.com/press-media/finastra-launches-compliance-service-help-banks-combat-financial-crime-instant-payments )

Various Strategies Adopted by Key Players to Propel Market Growth

The fintech market encompasses various financial technologies that leverage digital innovation to enhance and streamline financial services. Key players in this dynamic sector employ diverse strategies to stay competitive. These include embracing blockchain technology for secure transactions, leveraging artificial intelligence and machine learning for personalized financial recommendations, implementing mobile payment solutions for convenience, and partnering with traditional financial institutions to expand market reach and access to services.

For instance, in March 2022, Envestnet partnered up with Productfy, a developer of a business-to-business FinTech platform. With this collaboration, FinTech creators using Productfy's platform would have direct access to Envestnet via a single interface.

(Source: https://www.yodlee.com/envestnet-yodlee-and-productfy-enter-partnership-offer-single-technology-platform-early-stage )

Restraint Factors Of FinTech Market

Issues Related to Data Privacy and Security Concerns to Restrict Market Growth

One significant restraint in the fintech market is the pervasive concern surrounding data privacy and security. The increasing reliance on digital financial services has escalated the risk of data breaches, identity theft, and unauthorized access to sensitive information. Regulatory compliance and adherence to stringent data protection laws pose challenges for fintech firms, impacting consumer trust and hindering the widespread adoption of innovative financial technologies.

Impact of COVID-19 on the FinTech Market

The fintech market, encompassing innovative financial technologies and services, has accelerated growth amid the COVID-19 pandemic. With social distancing measures and a shift towards digitalization, consumers and businesses increasingly rely on fintech solutions for online banking, digital payments, and remote financial management. This surge in demand underscores the sector's resilience and adaptability as fintech firms continue to drive financial inclusi...

Abstract

The World Bank Group is interested in gauging the views of clients and partners who are either involved in development in Mexico or who observe activities related to social and economic development. The following survey will give the World Bank Group's team that works in Mexico, greater insight into how the Bank's work is perceived. This is one tool the World Bank Group uses to assess the views of its stakeholders. With this understanding, the World Bank Group hopes to develop more effective strategies, outreach and programs that support development in Mexico. The World Bank Group commissioned an independent firm to oversee the logistics of this effort in Mexico.

This survey was designed to achieve the following objectives: - Assist the World Bank Group in gaining a better understanding of how stakeholders in Mexico perceive the Bank Group; - Obtain systematic feedback from stakeholders in Mexico regarding: · Their views regarding the general environment in Mexico; · Their overall attitudes toward the World Bank Group in Mexico; · Overall impressions of the World Bank Group's effectiveness and results, knowledge and convening services, and communication and information sharing in Mexico; · Perceptions of the World Bank Group's future role in Mexico. - Use data to help inform Mexico country team's strategy.

Geographic coverage

• Mexico City
• Outside Mexico City

Analysis unit

Stakeholders in Mexico

Universe

Stakeholders in Mexico

Kind of data

Sample survey data [ssd]

Sampling procedure

In May-June 2014, 400 stakeholders of the World Bank Group in Mexico were invited to provide their opinions on the WBG's work in the country by participating in a country opinion survey. Participants were drawn from the office of the President; the office of a Minister; office of a parliamentarian; ministries, ministerial departments, or implementation agencies; consultants/contractors working on WBG-supported projects/programs; project management units (PMUs) overseeing implementation of a project; local government officials; bilateral and multilateral agencies; private sector organizations; private foundations; the financial sector/private banks; NGOs; community based organizations; the media; independent government institutions; trade unions; faith-based groups; academia/research institutes/think tanks; judiciary branch; and other organizations.

Mode of data collection

Internet [int]

Research instrument

The Questionnaire consists of following sections:

A. General Issues Facing Mexico: Respondents were asked to indicate whether Mexico is headed in the right direction, what they thought were the top three most important development priorities in the country, which areas would contribute most to reducing poverty, and how "shared prosperity" would be best achieved.

B. Overall Attitudes toward the World Bank Group (WBG): Respondents were asked to rate their familiarity with the WBG and the International Finance Corporation (IFC), the effectiveness the WBG in Mexico, how effectively different parts of the WBG collaborate, WBG staff preparedness, their agreement with various statements regarding the WBG's work, and the extent to which the WBG is an effective development partner. Respondents were asked to indicate the WBG's greatest weaknesses, in which sectoral areas the WBG should focus most of its resources, which groups the Bank Group should collaborate with more, and to what reasons respondents attributed failed or slow reform efforts.

C. World Bank Group's Effectiveness and Results: Respondents were asked to rate the extent to which the WBG's work helps achieve development results in Mexico, the extent to which the World Bank and IFC meet Mexico's needs for financial instruments respectively, the extent to which the WBG meets Mexico's needs for knowledge and convening services, and the WBG's effectiveness in eleven development areas serving four thematic objectives in Mexico's 2014-2019 Development Strategy. Respondents were also asked to rate the extent to which Mexico received value for money from the WBG's reimbursable advisory services.

D. The World Bank Group's knowledge and convening services: Respondents were asked to indicate how frequently they consult WBG's knowledge and convening services and to rate the effectiveness and quality of the WBG's knowledge and convening services, including how significant of a contribution it makes to development results and its technical quality. Respondents were also asked about the LAC Flagship Report (Latin American Entrepreneurs: Many Firms but Little Innovation), including if it raised substantive new information, and whether it provided them with useful information in terms of work they do.

E. Working with the World Bank Group: Respondents were asked to rate their level of agreement with a series of statements regarding working with the WBG, such as the WBG's "Safeguard Policy" requirements being reasonable, and disbursing funds promptly.

F. The Future Role of the World Bank Group in Mexico: Respondents were asked to indicate what the WBG should do to make itself of greater value in Mexico, and which services the Bank should offer more of in the country. They were asked whether WBG has moved to the right direction, how significant the roles of the WBG, IFC, and international development cooperation are in Mexico's development respectively in the near future.

G. Communication and Information Sharing: Respondents were asked to indicate how they get information about economic and social development issues, how they prefer to receive information from the WBG, and their usage and evaluation of the WBG's websites. Respondents were also asked about their awareness of the WBG's Access to Information policy, were asked to rate WBG's responsiveness to information requests, value of its social media channels, and levels of easiness to find information they needed.

H. Development Organization in the Region: Respondents were asked to rate their level of familiarity with the Inter-American Development Bank (IDB) and its effectiveness.

I. Background Information: Respondents were asked to indicate their current position, specialization, whether they professionally collaborate with the WBG, their exposure to the WBG in Mexico, which WBG agencies they work with, whether IFC and the Bank work well together, and their geographic location.

Response rate

A total of 191 stakeholders participated in the survey (48% response rate).

Abstract

The World Bank Group is interested in gauging the views of clients and partners who are either involved in development in Brazil or who observe activities related to social and economic development. The World Bank Country Assessment Survey is meant to give the World Bank Group's team that works in Brazil, greater insight into how the Bank's work is perceived. This is one tool the World Bank Group uses to assess the views of its critical stakeholders. With this understanding, the World Bank Group hopes to develop more effective strategies, outreach and programs that support development in Brazil at the federal/state/municipal level. The World Bank Group commissioned an independent firm to oversee the logistics of this effort in Brazil.

This survey was designed to achieve the following objectives: - Assist the World Bank Group in gaining a better understanding of how stakeholders in Brazil perceive the Bank;

• Obtain systematic feedback from stakeholders in Brazil regarding: · Their views regarding the general environment in Brazil; · Their overall attitudes toward the World Bank Group in Brazil; · Overall impressions of the World Bank Group's effectiveness and results, knowledge work, and communication and information sharing in Brazil; · Perceptions of the recent trends and the World Bank Group's future role in Brazil.

• Use data to help inform Brazil country team's strategy.

Geographic coverage

National

Analysis unit

Stakeholder

Universe

Stakeholders of the World Bank in Brazil

Kind of data

Sample survey data [ssd]

Sampling procedure

From June to August 2013, 10,200 stakeholders of the World Bank Group in Brazil were invited to provide their opinions on the Bank's assistance to the country by participating in a country survey. Participants in the survey were drawn from the office of the President, Prime Minister/Minister, office of a parliamentarian, ministries, ministerial departments, or implementation agencies; consultants/ contractors working on World Bank Group-supported projects/programs; project management units (PMUs) overseeing implementation of a project; state Government; municipal governments; bilateral and multilateral agencies; private sector organizations; private foundations; the financial sector/private banks; NGOs; community-based organizations; the media; independent government institutions; trade unions; academia/research institutes/think tanks; faith-based groups, the judiciary branch; and other organizations.

Mode of data collection

Internet [int]

Research instrument

The Questionnaire consists of 8 Sections:

A. General Issues facing Brazil: Respondents were asked to indicate whether Brazil is headed in the right direction, what they thought were the top three development priorities in Brazil, and which areas would contribute most to reducing poverty and generating economic growth

B. Overall Attitudes toward the World Bank Group: Respondents were asked to rate their familiarity with the World Bank, Inter-American Development Bank, Latin American Development Bank, and the International Finance Corporation, their perceived effectiveness of these organizations in Brazil, and which of these organizations they work with the most in Brazil. They were asked to rate the Bank staff's preparedness to help Brazil solve its development challenges, their agreement with various statements regarding the Bank's work, and the extent to which the Bank is an effective development partner.

Respondents were also asked to indicate the Bank's greatest values, greatest weaknesses, the most effective instruments in helping reduce poverty in Brazil, in which sectoral areas the Bank should focus most resources, to what extent the Bank should seek to influence the global development agenda, and to what reasons respondents attributed failed or slow reform efforts. Respondents were invited to indicate at what level (federal, state, or municipal) the World Bank Group works mostly in Brazil. They were asked if the Bank is most effective when it works in one sector or multi-sectorally. Lastly, they were asked to indicate to what extent they believe the combination of financial, knowledge, and convening services provided by the Bank meets the national development needs of Brazil.

C. World Bank Group Effectiveness and Results: Respondents were asked to rate the extent to which the Bank's work helps achieve development results, the extent to which the Bank meets Brazil's needs for knowledge services and financial instruments, and the Bank's level of effectiveness across thirty-two development areas, such as education, public sector governance/reform, health, transport, and anti-corruption. They were also asked to what extent they believe that Brazil receives value for money from the World Bank Group's fee-based services/products.

D. The World Bank Group's Knowledge: Respondents were asked to indicate the areas on which the Bank should focus its research efforts and to rate the effectiveness and quality of the Bank's knowledge work and activities, including how significant of a contribution it makes to development results and its technical quality. Respondents were also asked whether they read/consulted the most recent LAC Flagship Report and whether it provided useful information in their work.

E. Working with the World Bank Group: Respondents were asked to rate their level of agreement with a series of statements regarding working with the Bank, such as the World Bank Group's "Safeguard Policy" requirements being reasonable, the Bank imposing reasonable conditions on its lending, disbursing funds promptly, increasing Brazil's institutional capacity, and providing effective implementation support.

F. The Future Role of the World Bank Group in Brazil: Respondents were asked to rate how significant a role the World Bank Group should play in Brazil in the near future and to indicate what the Bank should do to make itself of greater value. Respondents were asked to indicate to what extent they believe the World Bank Group has moved in the right direction in terms of the focus of its work in Brazil and how significant a role international development cooperation should play in Brazil's development in the near future at the federal, state, and/or municipal level.

G. Communication and Information Sharing: Respondents were asked to indicate how they get information about economic and social development issues, how they prefer to receive information from the Bank, and their usage and evaluation of the Bank's websites. Respondents were asked about their awareness of the Bank's Access to Information policy, whether they used/had used the World Bank Group website, and whether they accessed the Bank's social media channels. Respondents were also asked about their level of agreement that they know how to find information from the Bank, and that the Bank is responsive to information requests. Respondents were also asked to indicate what kind of e-services they are currently subscribed to.

H. Background Information: Respondents were asked to indicate their current position, specialization, at what level (federal, state, or municipal) they primarily work at, whether they professionally collaborate with the World Bank Group, whether they worked with the International Finance Corporation in Brazil, their exposure to the Bank in Brazil, and their geographic location.

Response rate

A total of 200 stakeholders participated in the survey (2% response rate).

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion at a CAGR of 10.6% between 2024 and 2029.

The market continues to evolve, driven by several key trends and challenges. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. The Internet of Things (IoT) and artificial intelligence (AI) revolutionize banking and financial services, enabling real-time personal finance software and content delivery for travelers and businesses. The uncertainty of future exchange rates fuels the demand for 24x7 trading opportunities. As urbanization progresses and digitalization becomes more prevalent, the market is expected to grow, offering numerous opportunities for businesses and investors.

What will be the Size of the Foreign Exchange Market During the Forecast Period?

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The market, also known as the forex or FX market, is a decentralized global market for the trading of currencies. It facilitates the conversion of one currency into another for various reasons, including international trade, tourism, hedging, speculation, and investment. Participants in this market include financial institutions, non-financial customers, individuals, retailers, corporate institutes, and central banks. Currencies are traded 24 hours a day, five days a week, due to the presence of multiple time zones and the interbank network.
Currency swaps, interest rate differentials, monetary interventions, economic indicators, political developments, and investment flows are some of the key drivers influencing the market. International trade, balance of payments, and economic instability in various countries also significantly impact currency values. Speculation and hedging activities, particularly by corporations and financial institutions, contribute to the volatility of currency rates. The market is increasingly leveraging artificial intelligence and Internet of Things technologies to optimize trading strategies, with mutual funds utilizing these advancements to enhance portfolio performance and manage currency risk more efficiently. The forex market plays a crucial role in facilitating international business transactions and managing risks associated with currency fluctuations.

How is this Foreign Exchange Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.TypeReporting dealersFinancial institutionsNon-financial customersTrade Finance InstrumentsCurrency swapsOutright forward and FX swapsFX optionsCounterpartyReporting DealersOther Financial InstitutionsNon-Financial CustomersGeographyNorth AmericaCanadaUSEuropeGermanyUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period. The market, also known as Forex or FX, is a global financial market where participants buy, sell, and exchange currencies. This market involves various market participants, including financial institutions, non-financial customers, and corporations. Currency swaps, individuals, retailers, corporates, hedge funds, wealth managers, and foreign exchange services are among the key players. The markets facilitate international trade and investment flows, with economic indicators, political developments, inflationary pressures, and interest rate differentials influencing currency values. Monetary interventions, speculation, and risk appetite are also significant factors.
Modern technology and electronic platforms have increased efficiency and accessibility, enabling 24-hour operation. Currency exchange services, monetary policies, and regulations, including those by central banks, impact the market. Economic events, financial crises, and strategic corporate activities can cause volatility. Hedging strategies, accessible platforms, and personal finance considerations are essential for individual investors, small businesses, and multinational corporations dealing with major currency pairs. Online trading platforms and trade balances are crucial for managing currency risks in an increasingly globalized business environment.

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The Reporting dealers segment was valued at USD 278.60 billion in 2019 and showed a gradual increase during the forecast period.

Currency pairs are the foundation of forex trading, with spot trading being one of the most common methods of buying and selling currencies. Forward contracts and swap deals offer traders the ability to lock in exchange rates for future transactions, managing ris

According to Cognitive Market Research, the global payment terminal market size will be USD 75241.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 9.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 30096.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 22572.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 17305.55 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 3762.08 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1504.83 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2025 to 2033.
The fixed/countertop terminals segment currently holds the largest share of the payment terminal market.

Market Dynamics of Payment Terminal Market

Key Drivers for Payment Terminal Market

Technological Advancements in Payment Terminal Security Drives Market Growth

Technological advancements in payment terminal security are a key factor driving the growth of the payment terminal market. Enhanced security features such as end-to-end encryption, tokenization, and biometric authentication are addressing concerns related to data breaches and fraud. These innovations ensure secure payment processing, boosting consumer and business confidence in digital transactions. Additionally, the integration of chip-based cards, contactless payments, and advanced fraud detection systems in payment terminals further strengthens security measures. As cyber threats evolve, continued advancements in payment terminal security are critical to safeguarding sensitive transaction data. This growing focus on secure, efficient payment systems is fueling the expansion of the payment terminal market globally. For instance, in August 2024, Visa unveiled innovative payment products during the Global Fintech Fest to boost digital payment adoption across India. Collaborating with partners like HDFC Bank, Paytm, Axis Bank, and IDFC First Bank, Visa introduced solutions such as all-in-one POS devices, NFC card soundboxes, mobile payment apps, and tokenization features to enhance transaction security and merchant acceptance.

(Source: https://www.prnewswire.com/in/news-releases/visa-unveils-groundbreaking-payment-innovations-at-global-fintech-fest-2024-302235432.html)

Rising Mobile Payment Usage and Mobile Wallet Adoption Propels Market Growth

Rising mobile payment usage and the widespread adoption of mobile wallets are significantly propelling the growth of the payment terminal market. As more consumers and businesses embrace mobile payment solutions, the demand for advanced payment terminals that support mobile wallets and NFC (Near Field Communication) technology increases. Mobile wallets offer enhanced convenience, security, and faster transaction times, leading to their growing popularity across retail, hospitality, and other sectors. The ability to seamlessly integrate mobile payments with point-of-sale systems enables businesses to provide a more efficient and secure payment experience. This trend is further supported by advancements in smartphones, mobile banking, and digital wallet applications, fueling the expansion of the payment terminal market.

Restraint Factor for the Payment Terminal Market

Limited Internet Connectivity in Remote Areas, Hindering Terminal Usage

Limited internet connectivity in remote areas poses a significant challenge for the payment terminal market, as it hinders the widespread adoption and usage of digital payment systems. Many payment terminals rely on stable internet connections for processing transactions, and in regions with poor connectivity, these systems may experience delays, failures, or become completely inoperable. This limitation restricts businesses in rural or remote areas from offering seamless payment experiences, affecting customer satisfaction and operational efficiency. In addition, unreliable internet access can ...

Digital banking adoption has reached remarkable levels across Europe, with the Nordic region leading this transformation in 2024. Denmark stands at the forefront with an extraordinary 97.76 percent of its population using online banking services. Norway follows closely with 96.8 percent of its citizens managing their finances digitally, while the Netherlands rounds out the top three at 96.35 percent. These impressive figures highlight how thoroughly Northern European countries have embraced digital financial services, supported by robust technological infrastructure and a population comfortable with digital solutions. The widespread adoption reflects broader regional trends toward digital innovation and the ongoing shift away from cash transactions, as consumers increasingly prefer the convenience and efficiency of online banking. Digital banks on the rise The emergence of digital banks has marked a significant shift in the banking landscape, with these institutions rapidly gaining momentum worldwide. Some of the largest digital banks in the world now boast over 100 million users, showcasing the widespread adoption of digital banking services. Particularly in Europe, leading digital banks like Revolut have experienced exponential growth in recent years, rapidly expanding their customer bases. The UK-based neobank has been on a trajectory of rapid expansion, reaching 50 million users in November 2024. Attitude toward digital banks in the U.S. Opinions on digital banks in the U.S. vary widely within the banking industry, with a growing number of bank executives viewing them as a significant threat to traditional banking models. The rapid rise of digital banks has prompted concerns about market disruption and competition, as these agile fintech players offer innovative solutions and attract a sizable customer base. In the U.S., awareness, popularity, and usage of leading neobanking and neobrokerage apps have steadily increased, underscoring the shifting preferences of consumers towards digital financial services. As digital banks continue to gain traction and reshape the industry landscape, traditional financial institutions are facing pressure to adapt and innovate to remain competitive in the evolving market.

The return on equity (ROE) of European banking sectors showed significant disparities in the last quarter of 2024, with Romania leading at 22.4 percent and Liechtenstein trailing at 5.8 percent. This wide range reflects the diverse financial landscapes across the continent, influenced by factors such as market conditions, regulatory environments, and economic stability. While ROE is a crucial indicator of banking efficiency, it's important to consider it alongside other metrics for a comprehensive view of the industry's health. Digital transformation reshaping European banking The banking sector in Europe is undergoing a digital revolution, with online banking penetration reaching impressive levels. In 2024, Denmark lead with a 97.76 percent penetration rate, closely followed by Norway at 96.8 percent. This shift towards digital banking is not only changing how traditional banks operate but also paving the way for the rise of digital-only banks. Neobanks like Revolut have seen rapid growth, with the UK-based fintech reaching 50 million users by November 2024, highlighting the increasing consumer preference for digital financial services. Consolidation and asset growth in European banking Despite the high number of banks operating in Europe, with 4,804 institutions in the EU as of December 2024, the industry is dominated by a few large players. In 2023, HSBC Holdings lead European banks with total assets exceeding 2.9 trillion U.S. dollars in 2023, followed closely by BNP Paribas SA with over 2.8 trillion U.S. dollars. This concentration of assets among top banks, coupled with the ongoing digital transformation, suggests a trend towards consolidation in the European banking sector, potentially impacting future ROE figures across the continent.