Dublin, 11 August 2020 (GLOBE NEWSWIRE) – Added to the offer of ResearchAndMarkets.com the report “Middle East and Africa on Online Payment Strategies 2020 and the Effect of COVID-19”. Payment against delivery was the preferred payment method for online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya and other countries in the region, starting in 2019. However, the COVID-19 outbreak in early 2020 is changing this perspective, with online grocery shopping platforms and regulators encouraging the use of money-free payment strategies during the pandemic. Their efforts are already working, and nearly two-thirds of respondents in an April 2020 survey reported that they have reduced their use of money since the outbreak. Mobile money, card bills, and contactless bills are among the payment strategies that get benefits from consumers who turn their backs on money.
FinTech corporations in Africa and the Middle East are contributing to the expansion of virtual bills in the region, with millions of dollars raised in 2019, as the report shows. The stars of the investment rounds come with Interswitch and Opay in Nigeria, Tala in Kenya and Dubai-based Network International, which indexed its shares on the London Stock Exchange in early 2019. In addition, Kenya’s M-Pesa Mobile Money Service is making a major contribution to the progression of cell payment transactions in the COVID-19 epidemic.
Report coverage
Key topics covered:
2. World Events
3. Middle East and Africa
4. Middle East
5. Africa
For more information on this report, https://www.researchandmarkets.com/r/j3zv9r
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