Weekly DCB and payment market update (#48)

In this week’s DCB and mobile payment market update, we have curated the following articles for you. Is this of any help to your daily business?

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Fraud detection and prevention

US fund backs Africa’s fight against mobile cybercrime

Cybersecurity firm Evina, present in 70 countries that include 15 in Africa, has secured a €20-million Series A funding round to consolidate its fight against mobile fraud that has already prevented the theft of a billion euros from telecom operators and their clients.

Led by New York fund Radian Capital, this investment will help keep the pressure on the mobile cybercriminals that cost the African continent $4-billion in 2020.

Read full article here: https://it-online.co.za/2021/11/24/us-fund-backs-africas-fight-against-mobile-cybercrime/

If you want to learn more on how we support MNO in Germany with our solution on fraud detection and prevention in DCB, you can find details here: https://mdk.digital/case-study/market-observation/

Signifyd research: Coronavirus ushers in “golden age of e-commerce fraud”

Online retailers across Europe face a new era of malicious attacks spurred by a Covid-19 inspired transformation in e-commerce and a 350% increase in fraudulent orders, according to research by Signifyd.

All details here: https://retailtechinnovationhub.com/home/2021/11/24/signifyd-research-coronavirus-ushers-in-golden-age-of-e-commerce-fraud

Achtung! Dieses WhatsApp-Gewinnspiel ist Fake

Trojaner hat im schlimmsten Fall Zugriff auf sensible Daten

Immer wieder kursieren auf Whatsapp Nachrichten, hinter denen fiese Betrugsmaschen stecken. So auch aktuell: Anlässlich der Weihnachtszeit ist ein vermeintliches Gewinnspiel der Drogeriekette dm im Umlauf, wie “Mimikama” berichtet. Wer darauf reinfällt, hat im schlimmsten Fall einen Trojaner auf seinem Smartphone, der auf sensible Daten zugreifen kann. Wir erklären, was dahinter steckt und wie Sie Fake-Nachrichten erkennen.

See further details here: https://www.rtl.de/cms/achtung-dieses-whatsapp-gewinnspiel-ist-fake-4875057.html

Innovation and “out of the box” thinking

Payments in a Metaverse

Much has been written of late about how the metaverse will be the evolution of the internet as we know it. With the rebranding of Facebook (now Meta) the metaverse has been pushed into the limelight with organisations considering how they should tackle this global phenomenon. Part of this consideration for many is commerce, how will digital goods and services be paid for in the metaverse? What does this mean for traditional banks vs challenger banks?

See full blog post here: https://www.finextra.com/blogposting/21328/payments-in-a-metaverse

Pros and Cons for Businesses Accepting Cryptocurrency Payments

The usage of cryptocurrency for business brings a plethora of options and obstacles. As with every frontier, there are unknown hazards as well as powerful rewards. That is why firms considering using cryptocurrency in their operations should have two things: a clear grasp of why they are doing so and a list of the numerous questions they should examine.

See post here: https://www.chiangraitimes.com/learning/cryptocurrency/pros-and-cons-for-businesses-accepting-cryptocurrency-payments/

Use cases

Parkgebühren bequem mit dem Handy bezahlen

Die Digitalisierung schreitet auch in Ludwigshafen voran. Seit Donnerstag können Autofahrer ihre Gebühren für das Parken am Straßenrand in den durch Parkautomaten bewirtschafteten Zonen ganz ohne Münzgeld mithilfe ihres Mobiltelefons bezahlen. 

Full (paid) article and details here: https://www.rheinpfalz.de/lokal/ludwigshafen_artikel,-parkgeb%C3%BChren-bequem-mit-dem-handy-bezahlen-_arid,5283270.html?reduced=true

Payguru And Iyzico Launch Direct Carrier Billing For Digital Wallets In Global First

TPAY MOBILE company Payguru partners with leading Turkish virtual POS provider to enable first-ever digital wallet top-ups via DCB

Full press release here: https://www.prnewswire.com/news-releases/payguru-and-iyzico-launch-direct-carrier-billing-for-digital-wallets-in-global-first-301433110.html

Market outlook and development

5G erreicht Ende 2021 zwei Milliarden Menschen

Ende des Jahres wird 5G laut dem aktuellen Ericsson Mobility Report bereits von rund 2 Milliarden Menschen weltweit genutzt werden. Keine andere Mobilfunktechnologie setzte sich demnach schneller durch.

All details in this article: https://www.telecom-handel.de/consumer-communications/mobilfunk/5g-erreicht-ende-2021-zwei-milliarden-menschen-2717917.html

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