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EBAday 2021: Will the European Council’s latest endorsement boost corporate instant payments? 2 hours ago
1 The European Council recently backed the creation of an integrated and instant system for retail payments, interoperable across all EU member states.
While this update gives the Commission strong political mandate for pushing forward initiatives across these fields, the industry is yet to see supervisory attention given to the corporate sector with the same fervour.
Adopting conclusions that respond to the Retail Payments Strategy presented by the European Commission in September 2020, the Council is pushing to ensure that market conditions for the development of EU-wide payment solutions are created to decrease the EU’s dependency on major global players
Pandemic triggered e-commerce sandhya@khaleejtimes.com Filed on January 23, 2021
The growth of the GCC e-commerce sector will be accelerated by the effects of Covid and reach $50 billion (Dh183.5 billion) by 2025. AFP
Business activities happen on apps, services are delivered to customers’ doorsteps.
The robust growth of the e-commerce industry in 2020 accelerated the digital transformation, both for consumers and e-commerce industry players, and ‘new normal’ became the life-style for most consumers. A rise in e-commerce startups too was witnessed as more and more people started adopting contactless payment options. The trend certainly gave a big boost to fintech and e-commerce across key sectors in the UAE economy. The spurt in players led to a competitive market which will throw a challenge to every e-commerce player to retain their consumers, your competitor is just a click away!
Tapping opportunities in Fintech Filed on January 18, 2021
With global lockdowns, work from home arrangements, and fear of infection, most commercial activities have moved online. The foundation for this digitisation is a quick, reliable and secure online payments infrastructure.
With Covid-19 confining people indoors this year, e-commerce and digital payments portals have seen a vast surge in growth, globally. More people are using smartphones, e-commerce, digital wallets and mobile and QR-code payments to avoid contact with others. Many businesses were also forced to shift online from a traditional brick and mortar setup.
There is untapped e-commerce potential in the region, as Forbes Middle East and Marmore MENA Intelligence revealed. Only an estimated two per cent of the overall retail sales are from online sales in the Middle East versus 15 per cent in developed markets.
Rise of Contactless Dining anticipating food service industry says Brandessence Market Research
PUNE, India, Dec. 28, 2020 /PRNewswire/ Rising cases of COVID-19 worldwide, increasing adoption of contactless dining by restaurants/hotels, advanced technology of contactless payments and increasing government initiatives for Contactless dining are driving the market growth. Contactless Dining Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027.
Contactless dining is mainly reduces the customer contact with anything that someone else might have touched by removing the use of high-touch elements at restaurants. This is used by restaurants to reduce customer s contact. For this, contactless dining restaurants offers menu items with pictures on their mobile phones for these customers have to scan the QR code provided at restaurants. Benefits of this QR menu are such as completely Contactless ordering, enticingly delicious visuals, gain a competitive advant