Latest Intelligence on Payments in Middle East and Africa

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Amex launches Twitter payments

American Express has extended its Sync service with social media site Twitter to allow users to pay for purchases using special hashtags. Although unlikely to remain anything but a niche offering, Amex's move is focused more on its traditional space of consumer targeting and reward programs.

Published By Datamonitor
18 Feb 2013
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MicroSD-led NFC products may do more harm than good

DeviceFidelity's launch of an NFC-enabling cover for the iPhone follows hot on the heels of other developments to convert mobile handsets into contactless form factors. Given the sensitivity surrounding the NFC business model, this will provide added impetus for acquirers to build contactless acceptance but risks alienating mobile operators from future discussions around mobile payments.

Published By Datamonitor
28 May 2010
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Mobile POS: not just for rich countries

ABSA and Bank of America have both recently launched mobile POS services allowing small business customers to accept card payments using a smartphone. These rollouts in two very different markets highlight the growing popularity of mobile POS devices. Datamonitor research suggests that the opportunities for mobile POS are strongest in developing countries.

Published By Datamonitor
17 Dec 2012
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PayPal returns to its online roots

PayPal's recently launched Log In with PayPal platform allows consumers to use their PayPal credentials to log in to merchant websites and complete the checkout process without needing to enter personal or payment information. The service focuses on mobile internet, a popular and growing market, and is likely to prove more successful than PayPal's previous forays into mobile POS payments.

Published By Datamonitor
08 May 2013
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Virtual currencies are on the radar of central banks, but regulations remain a long way off

The European Central Bank recently released its first study looking at the nature and impact of emerging virtual currencies such as Bitcoin, Linden Dollars, and World of Warcraft Gold. While these currencies have grown strongly in recent years, in some instances resulting in extremely large virtual economies, they are likely to remain outside regulatory control.

Published By Datamonitor
02 Nov 2012
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Visa enters new territory in the online payments sector with V.me

Visa has announced the launch of a new digital wallet, V.me, to compete directly with PayPal in the online payments sector. The digital wallet allows consumers to link their existing payment tools and make online transactions without having to reveal their card payment details to the merchant. Due to launch in early 2012, V.me will allow Visa to explore new territory as a digital wallet provider.

Published By Datamonitor
06 Dec 2011

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