mdk.Update #15/22: Weekly insights from Telecoms, payment, security, eCommerce & online fraud
In this week’s market update, we have curated the following articles for you.
Anything you like to see more content on? Just leave us a comment below.
Online security and fraud prevention
Avoid Scams In Mobile Payment Apps — Here’s How
For Android and iOS users alike, the availability of mobile payment apps has become a revolutionizing perk in dealing with transactions. However, the reality is that mobile payment apps tend to be favored hubs for scammers to wait to prey on others.
https://www.techvisibility.com/2022/04/10/avoid-scams-in-mobile-payment-apps-heres-how/
Financial fraud shot up 233% last year, account takeover on the rise
It’s no secret that financial fraud has sharply risen during the pandemic over the past couple of years, but a recent report released by Feedzai paints an even more disturbing picture.
The ABC of online marketplaces and main fraud types impacting this business model
Marketplaces are venues where buyers and sellers transact for goods, services, and property. By definition, marketplaces do not own the inventory sold through their platform, and they generally monetise the transactions by earning commissions from each sale. Marketplaces can be categorised as horizontal or vertical. Horizontal marketplaces sell a variety of goods and services, whereas vertical marketplaces are more specialised in specific goods or services. The best examples of horizontal marketplaces are Alibaba, Amazon, and Mercado Libre. Vertical marketplaces include Drizly or Saucy Brew Works for alcohol delivery, and Deliveroo or Just Eat for food delivery.
You want to learn more about our support for MNO to identify fraud in DCB? Check out our use case here: https://mdk.digital/case-study/market-observation/
Innovation and “out of the box” thinking
Visa unveils first innovation hub in Africa to drive product development
Global digital payments giant Visa has opened an innovation studio in Kenya, its first in Africa and sixth globally, after posts in Dubai, London, Miami, San Francisco and Singapore. The studio will bring together developers, Visa’s internal and external clients, and other partners to co-create payment and commerce solutions.
Use cases
About You und Klarna vertiefen Zusammenarbeit im DACH-Raum
Bislang konnten About You-Kunden in Deutschland und in der Schweiz nur sofortige Zahlungen über Klarna abwickeln. Jetzt starten der Fashion-Retailer und der Payment-Provider eine erweiterte Partnerschaft – und wollen sie auch groß angelegt bewerben.
Market outlook and development
Mobiles Bezahlen: Warum Schweizer mit Twint zahlen
Wer in der Schweiz mobil bezahlt, nutzt statt Paypal oder Apple Pay meist die heimische Alternative Twint. Warum ist die App die Nummer 1 beim täglichen Einkauf oder beim Überweisen unter Freunden?
