According to the the first DCB Index developed by Evina and Telecoming, Bahrain, Egypt, and Qatar are the most attractive markets for DCB
Analysts from Evina, experts in DCB protection, and Telecoming, experts in DCB implementation, have developed the first Direct Carrier Billing (DCB) Index. This rating aims to provide market players with a comprehensive overview of the current state of the DCB business and its overall potential.
The innovative tool measures the maturity of this mobile payment method in 18 countries. The development of the DCB Index is one of the commitments established in the alliance signed earlier this year by both companies.
Bahrain, Egypt, and Qatar lead the list according to the results of the first DCB Index created to measure the development of this market in MEA. The innovative tool uses four KPIs focused on Fraud Protection, Mobile Payments Innovation, DCB penetration levels, and DCB growth potential.
As a result, the DCB Index establishes a ranking based on the score achieved by each country. It is presented on a scale from one to five, with one as the lowest indicator and five being the most advanced pointer.
According to the analysis, Bahrain (3.7) stands out for its extensive DCB protection against fraud. The country shows full support for DCB, seeing that all local mobile operators have implemented this payment technology, yet innovation remains a weak point to develop.
Local mobile operators and merchants are working together to promote DCB as an effective payment method in Egypt (3.3). It’s a true breeding ground for the development of DCB, and efforts must continue to strengthen DCB protection to realise its full potential. Forward-thinking MNOs have enabled in-app purchases in Qatar (3.2). Its overall innovative approach to mobile payments, such as paying employees via mobile money, demonstrates the country’s predisposition to implement new uses of DCB.
South Africa has a high DCB uptake but has had to deal with fraudulent mobile payment attempts. Hence, increased protection is vital for the sustainable development of DCB as an easy and reliable payment method in the region.
According to Roberto Monge, COO of Telecoming, said, "DCB has been gaining presence in the region's digital economy. This innovative indicator shows that many countries are on the right track. Technology is already in place, but there are still some challenges to face. All the payments tech industry players need to work together to develop a new, reliable, secure and stable mobile economy that benefits the whole market. "
David Lotfi, founder & CEO of Evina, stated, “the DCB Index indicates that fraud on DCB remains as a top barrier to countries maximizing the potential of direct carrier billing. These findings strongly suggest that anti-fraud measures need to be more extensively and consistently implemented so that DCB becomes not only a widely used effortless payment method but a source of greater revenue for mobile players.”
DPO Group (DPO), Africa’s one of the leading payment service provider (PSP), has finalised its acquisition by Network International, a globally renowned enabler of digital commerce across the Middle East and Africa
In a landmark deal for the African payments space, Network International has acquired 100% of DPO Group, which will continue to operate under the same brand in existing territories. DPO companies PayGate, PayFast and SiD Secure EFT will continue to operate in South Africa as normal.
By acquiring DPO, which operates in 21 countries on the continent, Network International will increase its presence throughout Africa and new territories, one of the fastest growing payments markets in the world. DPO will soon launch a new, comprehensive payment solution, DPO Pay, for businesses in some of Network International’s territories and across Africa.
Eran Feinstein, CEO of DPO Group, stated, “This deal is a milestone for DPO and good news for the 60,000-plus active merchants using our platform. As part of the Network International group, we can support the business growth of our existing partners, and of new merchants across Africa and the Middle East. Being part of a globally recognised business will help us drive the global payments agenda, delivering cutting edge solutions to businesses and merchants across these markets.”
Nandan Mer, CEO of Network International, commented, “I am delighted to welcome DPO to the Network family. DPO is a strong strategic fit with our business and the acquisition creates a unique combination of innovative online payments technologies, which will accelerate our growth whilst providing significant new capabilities for our established markets, including our customers and partners in the UAE.”
Headquartered in Dubai and listed on the London Stock Exchange, Network International is a leading pan-regional provider of digital payment solutions, with a presence across the entire payments value chain, delivering integrated omnichannel payments services to its customers. The acquisition of DPO Group will support Network International’s capabilities in Africa across online, mobile and alternative payments as well as providing merchant and MNO relationships and increasing the cross-selling opportunities to both DPO and Network International’s customers.
A proven high-growth organisation, DPO is expected to begin operations in new markets both in Africa and further afield in the near future. DPO’s comprehensive, flexible and secure platform allows businesses and merchants to receive international payments in the currency of their choice – accepting debit and credit cards alongside mobile money and other payment methods. The acquisition will see DPO add new products and services to its offering, supporting existing merchants with even more payment options to simplify their e-commerce operations.
Ukheshe Technologies has announced a new partnership with Chipper, one of Africa’s most valuable startups, to enhance and accelerate the rollout out of Chipper’s digital payment offerings
With South African e-commerce seeing unprecedented advancement last year, the payment technology grew in leaps and bounds, according to Andrew Springate, CEO of tech and financial gateway service provider PAYM8
Pan-African organisation of United Cities and Local Governments of Africa (UCLG Africa) and 01Talent Africa have signed an innovative and ambitious strategic cooperation and partnership agreement, based on both the power of digital education and the extraordinary potential of the talents of African youth