The majority of consumers in the country have their smartphones ready to use as they shop. New research has revealed that 65 percent of UAE consumers feel that mobile commerce boosts the entire shopping experience, regardless of whether it is happening online or in person. This, according to the 2022 Global Digital Shopping Index report. The report found that people in the United Arab Emirates regularly use their phones to shop. The 2022 Global Digital Shopping Index report was created in a collaboration between PYMNTS and Cybersource. The data was…
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47 percent of consumers in Brazil use a mobile wallet for in-store shopping
Shoppers in the country routinely use their smartphones instead of cash or a conventional credit card. In Brazil, nearly half of all shoppers are using a mobile wallet to complete transactions in brick-and-mortar stores. This is pushing merchants and retailers to ensure that they have the necessary tech to accept payments. With the rapid growth of mobile wallet transactions in Brazil, businesses are finding increasingly vital to ensure that they keep up with technology so that they won’t lose business. A substantial percentage of customers clearly expect to be able…
Read MoreLine and CyberSource partner to improve mobile payments
Line has announced its strategic partnership with CyberSource in order to improve its position in the mobile commerce space Line, an Internet services and mobile application company based in Japan, has announced that it has formed a strategic partnership with CyberSource, a subsidiary of Visa. CyberSource specializes in payment management and fraud prevention services. The partnership is expected to improve Line’s new mobile payments platform, called Line Pay, and expand the reach of CyberSource’s technology. Together, the two companies may have a major impact on the mobile payments space. Partnership…
Read MoreResearch shows retailers in 2011 made most anti-fraud progress in over a decade
Visa-owned CyberSource has unveiled the outcomes of its thirteenth annual e-commerce fraud survey, which showed that retailers are beginning to make important headway in the battle against fraud, even though it is ongoing. The percentage of the number of orders that were found to be fraudulent fell to 0.6 percent in 2011, from having been 0.9 percent in 2010. It has now reached the lowest point that has been seen in the thirteen years since the annual study began. However, the survey also found that the cost of fighting against…
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