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Consumers set to spend more online this Ramadan: Survey

April 13, 2021
Mohammed Ali Yusuf, MENAP regional manager at Checkout.com
RIYADH A new survey from Checkout.com a leading global payment solution provider suggests there will be an even greater surge in online shopping during the upcoming Ramadan period.
Going into the holy month, consumers in Saudi Arabia have noted a strong inclination towards online shopping. 95 percent of those surveyed say that they shop online, with one in four doing so weekly or even daily up from 20 percent in September 2020.
That is largely consistent with an earlier Checkout.com report indicating that consumers’ embrace of online shopping is more of a long-term behavior change rather than a temporary shift resulting from the COVID-19 pandemic. ....

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MoneyGram Announces Expansion of Real-Time Digital P2P Payments With Visa Through Collaboration With Checkout.com

MoneyGram Announces Expansion of Real-Time Digital P2P Payments With Visa Through Collaboration With Checkout.com
Digital money transfer service
MoneyGram (NASDAQ: MGI) announced on Friday it has expanded real-time digital P2P payments with Visa directly through its new collaboration with Checkout.com. MoneyGram reported that its customers may now use its website or leading mobile app to send money in near real-time to Visa debit card holders across 575 corridors from 25 countries in Europe.
MoneyGram further claims that this new service is a huge milestone for the remittance industry in Europe which is one of the largest send markets. While sharing more details about the collaboration, Alex Holmes, MoneyGram Chairman and CEO, stated: ....

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MoneyGram extends Visa debit card deposit service across Europe

MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced the expansion of its Visa debit card deposit service across Europe. ....

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MoneyGram Expands Real-Time Digital P2P Payments with Visa Direct through New Checkout.com Partnership

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DALLAS, Jan. 22, 2021 /PRNewswire/ MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced the expansion of its Visa debit card deposit service across Europe. The expansion has launched in collaboration with Checkout.com, a leading global payment solution provider, utilizing Visa Direct, Visa s real-time push payments platform. MoneyGram customers can now use the Company s website or leading mobile app to send money in near real-time to Visa debit card holders across 575 corridors from 25 countries in Europe.
(PRNewsfoto/MoneyGram)
Our strategic partnerships have enabled MoneyGram to create the world s leading network, and this expansion is another milestone on our journey to lead the evolution of digital P2P payments, said Alex Holmes, MoneyGram Chairman and CEO. Consumer demand for real-time payments direct to bank account and mobile wallets contin ....

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Tapping opportunities in Fintech

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. ....

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