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Saudi payments firm HyperPay plans to expand in MENA

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14-Oct-19 Saudi Arabia’s payments firm HyperPay plans to expand in the Middle East and North Africa, capitalizing on opportunities presented by the government’s push towards cashless targets. The kingdom aims to raise cashless transactions to 70 percent by 2030. [image: REUTERS/Faisal Al Nasser]

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Morocco's moment - the realm of new ecommerce opportunities

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25-Sep-19 Morocco’s e-commerce market is growing at 40%, according to AMI and Global Growth Markets. Payment preferences differ - 96% of online retail transactions are cash payments, whereas cards and digital payments dominate online travel and accommodation purchases. [image: Shutterstock]

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Google chases businesses to maintain its payments lead in India

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19-Sep-19 Google is bringing Google Pay to businesses in India as it rushes to maintain its lead. “India has more than 60 million small and medium-sized businesses, however only a fraction of them support digital payments," said Ambarish Kenghe, product manager. [image: TechCrunch]

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Chinese shoppers embrace facial payments

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05-Sep-19 China’s new digital payment infrastructure - face recognition - could make even QR codes seem old-fashioned. Customers simply pose in front of POS machines equipped with cameras to pay. Alipay will spend USD420 mn on the technology by 2022. [image: Asia Times]

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In high-tech Japan, cash is still king

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22-Aug-19 Once a cashless pioneer, Japan is now lagging behind countries such as Sweden and Korea on electronic payments, because of its aging population, low crime and virtually no counterfeiting. Four out of five purchases are still made with cash. [image: AFP / Toshifumi Kitamura]

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