As of 2020, North America holds the HNW crown, with the demographic’s investable assets standing at $24.3 trillion. This marks a return to dominance for the region, overcoming Asia-Pacific’s $24.0 trillion in HNWI financial wealth. North America also saw the highest growth globally from 2019 to 2020 (11.9%), according to Capgemini.
The UK-based neobank now offers app support for people making cross-border transfers between the countries. Its US division CEO spoke to Insider Intelligence about the feature and Revolut’s plans for a US-focused marketing push and expansion into Latin America.
As retailers explore new strategies in H2 2021 and beyond, they will need to gain greater understanding of which consumer behaviors have shifted permanently, which will revert to those of pre-pandemic times, and which will settle somewhere in the middle.