Among several key recommendations, the Future of Payments Review has marked the development of a national payments vision and strategy as a key priority while it has called on more consideration to be given to the nature of government engagement with big tech.
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Admitad partner network is predicting a 35% jump in online sales for Black Friday in MENA this year. It has also highlighted the types of products that will be most in demand as well as the channels that can help brands find new customers.
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Brands recorded all-time highs in sales with MENA customers placing 63% more orders and spending 35% more on them compared to a “normal period”.
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With the rising cost of living continuing to pinch household budgets, almost three in four consumers say they intend to take advantage of deals during November sales events this year.
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Quick commerce, an emerging channel within digital commerce where shoppers can purchase consumable items for on-demand delivery, has led to a change in last-minute household needs, says the new Doordash report.
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Over 1.5 billion digital identity wallets are predicted to be in use by 2029 as the global market for both government and commercial issued digital identities continues to grow.
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The banking sector in the Middle East and North Africa (MENA) surged significantly in the first half of this year with a 30% rise in net profits and a 12.2% increase in net assets year on year.
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Three in four European merchants prefer digital payments over cash, and 72% prefer to accept cards over other payment methods, according to new research from Payments Europe.
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95% of the most popular African banking and financial services apps contain easy-to-extract secrets that could pave the way for attacks and data theft, a new report has revealed.
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Despite recent headlines that “metaverse-hype” is dying down, new research released recently by Bain & Company shows the metaverse could reach up to $900 billion dollars by 2030—though it may remain in the seed stage for at least another five to 10 years.
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The value of e-commerce transactions will continue to rise between now and 2027, driven by improved technology, new delivery services, and wider internet adoption.
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Online spending by Dutch consumers reached €16.3 billion in the first half of 2023, as shoppers continue to look for ways to reduce costs and save money.
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Cash usage in the Middle East and North Africa (MENA) region has halved in the last five years, online retail management company Uplo has revealed in their latest annual report.
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Flexible delivery options have become increasingly important when shopping online with 95% of shoppers reporting they have abandoned a purchase in the past because a preferred delivery option was not available.
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Digital commerce transactions are forecasted to pass one trillion globally by 2024, driven by a surge in NFC payments and digital ticketing, a new study by Juniper Research has revealed.
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The EU’s online fashion & beauty market is projected reach a turnover of €144B by 2026, bolstered by C2C marketplaces offering sustainable second-hand fashion and resale options.
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Cash payments in the UK rose for the first time in a decade, last year, as consumers grapple with inflation fears and the rising cost of living.
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The RetailX Metaverse Almanac 2023 report has found that fashion-based retailers are entering the Metaverse at double the rate of other segments.
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The latest Visa research into global fraud showcases a significant rise of phishing schemes through generative AI tools, and a marked increase in enumeration and ransomware.
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A study that was conducted in three Chinese cities, in collaboration with Alibaba’s food delivery platform, Edeme, has said one simple feature could save millions in plastic waste tonnage each year.
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