Digital options are helping the African country to make important steps forward domestically and internationally. Côte d’Ivoire has been making massive strives in its region of Africa in both its growth and investment inflows, and mobile payments options are now becoming central to its efforts to become a digital financial inclusion pioneer. Following the worst of the COVID-19 pandemic, the country’s key indices were quick to recover. The West African nation’s GDP growth had already reached 7 percent in 2021 and had fully returned to pre-pandemic levels despite its plummet…
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New cross-border mobile payments agreement between India and Nepal inked
The governments have designed an agreement to allow visitors to Nepal to use the digital transactions. The Indian and Nepalese governments have come to an agreement for the launch of a new mobile payments service that will allow visitors to use the option to pay for goods and services. Residents of the countries will be able to use their phones to pay for what they want when traveling. The hope is that the mobile payments option will make it easier for visitors from India to Nepal to travel and pay…
Read MoreRomania has highest mobile payments use of all Central and Eastern European Countries
A recent Visa regional study found that Romanians have the greatest preference to use their phones to pay. Visa recently conducted a regional study on preferred transaction methods and found that Romania had the highest preference for using mobile payments among all eight Central and Eastern European (CEE) countries. The adoption rate for the country was the highest, with about 7 of 10 people using this method. The regional study showed that among CEE countries, Romania had the highest mobile payments adoption rate. Seven in 10 people in the country…
Read MoreQR codes will be used by almost 100 million Americans by 2025
Consumers across the United States will be using the quick response barcodes for a range of uses. A growing number of consumers in the United States are scanning QR codes for a spectrum of different uses and applications. These uses include a broad number of reasons that include everything from information to payments. New research shows that the number of American consumers using their smartphones for scanning QR codes is growing very rapidly, according to an Insider Intelligence forecast. The uses for these barcodes will include everything from gaining more…
Read MoreMobile payments are replacing cash and cards for younger consumers
A growing number of young people are turning to their phones to complete transactions. Young people are increasingly turning to mobile payments to make their purchases, as they use traditional transaction methods to a decreasing degree, said the result of new Marqeta data. The card issuing platform released the results of a recent survey of 4,000 customers across 3 continents. The Marqeta survey involved the participation of 4,000 respondents living on three continents. Of those respondents, 1,000 were from the United Kingdom. What the survey found was that most (61…
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