Category: Middle East

Canada, Middle East, Payments, US

Global electronic payment volumes to double by 2010

Colin Henderson

In a study, designed to provide banks, payment processors and retailers with a road map for the next decade to help plan their payments business strategies, its indicated payments will double worldwide by 2010, but the details are more interesting. Finextra: Global electronic payment volumes to double by 2010 The annual number of electronic payment transactions, currently at approximately 210 billion worldwide, are expected to double by the end of the decade, according to research released by ACI Worldwide. The individual markets of different growth profiles: The Eastern Europe and Asia/Pacific regions are forecast to lead the world in electronic … Continue reading Global electronic payment volumes to double by 2010

Middle East, Web/Tech

e-Banking holds key to future growth of Mid East banking sector

Colin Henderson

Middle East Banks have been lagging in their adoption of electronic channels, for a variety of reasons, but now that internet is taking hold there, online banking is a key component in their channels strategies. e-Banking holds key to future growth of Mid East banking sector The strategic approach for many of the region’s banks has always been to offer unique products and services that maintain their competitive edge, but in the technology driven global market, the participation of IT is absolutely essential. Chief Information Officers (CIO) are now being empowered to develop new strategies regarding how technology runs daily … Continue reading e-Banking holds key to future growth of Mid East banking sector

Middle East

Islamic banking – a new growth market?

Colin Henderson

Two new funds in the UK promoting something that is already big bsuinesss in the middle east, but this is in the UK. Given the growing muslim population within UK, France, Belgium this could be a new growth sector. Sharia safe investing – PSD Blog – The World Bank Group – Private Sector Development Two new funds in the UK hope to have found an answer by offering capital funding that complies with Islamic sharia law. As reported in the latest issue of Clear Profit  (pdf) Continue reading Islamic banking – a new growth market?