mdk.Update #9/22: 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

Utility Scams Using Mobile Payment Apps Rise 150% From January ’21

Scams targeting users of mobile payment apps such as Cash App, QuickPay, Venmo and Zelle are surging, the Better Business Bureau and Illinois utility Commonwealth Edison warned Thursday (Feb. 24).

You want to learn more about our support for MNO to identify fraud in DCB? Check out our use case here:

Innovation and “out of the box” thinking

How digital payments are enabling a shift away from the cash economy

In Indonesia, as in other commodities-based economies, a majority of transactions between smallholder producers and buyers are still carried out with cash payments. This is risky for many reasons. First, carrying large amounts of cash poses a security risk, making transaction points vulnerable to theft. Miscounted cash, misplaced payments and robbery are all very real risks for commodities buyers and sellers. Lack of traceability of cash transactions makes all stakeholders vulnerable to errors and fraud, and obscures valuable data on transaction history.

Vodafone launches Digital Asset Broker ‘Economy of Things’ platform

Vodafone has launched a global platform designed to enable connected devices to securely trade with each other on a user’s behalf.

Drawing on the strength of its Internet of Things (IoT) platform – one of the world’s largest with more than 140m connections – the new platform, called Digital Asset Broker (DAB), will help Vodafone customers benefit from the new ‘Economy of Things’. This, says Vodafone is “a world in which businesses across multiple industry sectors can transform physical goods into tradable digital assets which can compete in new disruptive online markets via the platform”.

Use cases

Bye bye Bargeld: So können Sie mit dem Smartphone bezahlen

Geldbörse war gestern, und auch Plastikkarten haben ihre besten Zeiten hinter sich. Heute zahlen Verbraucher mit dem Handy. Die Stiftung Warentest zeigt, wie das funktioniert und welche Banken es anbieten.

Market outlook and development

Mobile Esports Platform Gizer Taps SLA Mobile for Direct Carrier Billing

Global mobile esports platform Gizer, a gamified network designed for today’s global gaming community, has partnered with SLA Digital to expand their community and offer their customers a new payment channel through carrier billing.

Mobile Payment und Neobanken in der Schweiz auf dem Vormarsch

Laut dem neuesten Swiss Payment Monitor der ZHAW und der Uni St. Gallen läuft inzwischen jede zweite Zahlung über ein Mobilgerät. Und bereits 30 Prozent der Bevölkerung haben schon einmal Neobanken genutzt.

Events and talks

Digitaler Handel: Kampf um den Kundenzugang

Fünf Tage lang diskutierten Experten auf der MOONOVA die Zukunft des digitalen Handels und des digitalen Marketings. Eine der wichtigsten Fragen: Wer kontrolliert künftig den Kundenzugang. Wir haben einige der griffigsten Signature Statements zusammengefasst.

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