PUBLISHER: GlobalData | PRODUCT CODE: 1369485
PUBLISHER: GlobalData | PRODUCT CODE: 1369485
This report highlights the key findings from GlobalData's 2023 Financial Services Consumer Survey. It explores customer attitudes and preferences towards their financial services providers in the retail banking, payments, and wealth management spaces. Data is broken down by both regions and generations to highlight the key differences between them. Topics explored include the impact of financial fraud, preferred payment methods, buy now pay later usage, premium accounts, and investment practices, among others.
An easy-to-use digital banking platform is the most important attribute for consumers when selecting a financial services provider. But consumers still like banks with a physical presence, given that visiting a branch is the most popular research method for consumers before choosing a new provider. For in-store purchases, mobile wallets overtook cash transactions for the first time in Asia-Pacific. Credit cards are the most popular in-store payment method across all regions bar Europe, where debit cards are most popular. Meanwhile, more than a third of mass-market customers believe they do not have sufficient savings for investing to be worthwhile.