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The Art of Scaling Mobile Commerce
The smartphone and new digital payment infrastructure models are at the center of a mobile commerce revolution that is giving merchants and consumers all over the world the opportunity to buy and sell goods and services that they would otherwise have struggled to access, according to experts attending this month’s Mobile World Congress event in […]
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Digital identities support mobile payments
The days when consumers need to type in numbers and passwords into web pages to make payments may be short lived according to experts attending the Mobile World Congress conference in Barcelona earlier this month. Instead, they will use smartphone-embedded digital identities enabled by biometric authentication technologies to gain closer control over their financial transactions […]
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MWC points to mobile payments' future
A panel session at last week’s Mobile World Congress event in Barcelona brought together leading lights in the telecommunications and financial services industry to discuss the rapidly evolving digital payments landscape. This year marks the 15th anniversary of the introduction of M-Pesa by Safaricom in Kenya. This mobile payment platform has since provided access to […]
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World on cusp of the 5G era
Last week’s Mobile World Congress (MWC) explored how fifth-generation (5G) networks can transform multiple industries – including fintech, entertainment, and media. The discussion simultaneously highlighted how more investment is needed to help the technology manifest its full potential globally. Jose Maria Alvarez-Pallete, Chairman and CEO of European telco Telefónica, pointed to 5G as a building […]
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Expanding payments companies prime targets for VC investment
Payments companies are hot prospects for venture capitalists as investors bet that the momentum brought about by the pandemic-driven digital and mobile commerce adoption is more likely just to slow down slightly rather than fizzle out. CB Insights latest State of Fintech Global 2021 report tracked a record year for Fintech companies, which accounted for […]
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Thriving app economy grows unabated
Research from Sensor Tower suggests that app downloads and engagement levels remained steady in 2021 after the massive surge in interest and usage driven by the pandemic in 2020. The company’s latest Store Intelligence Data Digest for the fourth quarter of 2021 estimates that worldwide app downloads from Apple’s App Store and Google Play reached […]
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Mobile gaming comes of age in the Middle East
The Middle East is home to a vibrant computer gaming community that generates significant amounts of money for developers, many of which are also incubated locally. And the combination of high smartphone penetration and superfast network connection speeds means many of the region’s consumers increasingly use their mobile devices to access, view, and pay for […]
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Mobile powering the digital economy in the Middle East
The Middle East continues to see high uptake of digital technologies by its consumers, though progress varies considerably from one country to another. With some of the fastest mobile connection speeds globally, it’s no surprise that smartphones play an increasingly important role in people’s lives, especially when it comes to shopping, entertainment, banking, and paying […]
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Video streaming, gaming, and payment apps see strong growth
The coronavirus pandemic compelled many people to change their behavior in 2020, not least when it came to the mobile apps they download. Long periods of lockdown prompted consumers worldwide to reach for their smartphones to help them work, study and entertainment themselves and undertake essential everyday functions like shopping and banking. Sensor Tower’s Mobile […]
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Big bets on salary advance and BNPL apps
Workers in the gig economy provide their services flexibly to help employers scale their operations to match market conditions. Still, they are increasingly demanding equally malleable payment solutions to help them better manage their finances in turn. The trend has driven a rapid rise in the number of fintech and smartphone apps worldwide that offer […]
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LatAm start-ups beating the pandemic odds
Latin America has experienced more than its fair share of tragedy and disruption since the onset of Coronavirus. Still, it has also demonstrated remarkable resilience and innovation in making the best of a terrible situation. That is certainly true for the region’s tech start-ups, with recent analysis from CB Insights suggesting they collectively attracted over […]
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Payments as a Platform pushes mobile money in emerging markets
Mobile money services that let consumers make purchases and initiate bank transfers using just their phone without needing a bank account have already enjoyed phenomenal success in many countries of the world. And providers like M-Pesa, Orange Money and MTN look set to grow their customer base even further over the next five years as […]