"Emerging Markets" emphasizes opportunities for growth of electronic payments in the Middle East and Africa

[yota691]

"Emerging Markets" emphasizes opportunities for growth of electronic payments in the Middle East and Africa

 

May 7, 2014 17:17   Last Updated: May 7, 2014 17:17

 

 

 

 

Stressed times Ozolko, CEO of the Gaza operation transactions banks Company Company Emerging Markets Baymnts, the opportunity for growth industry of electronic payments in the Middle East and Africa, in addition to the ways that accommodate from which the company Emrzinj Markets Bayments that opportunity. , and the Emerging Markets Baymnts, the leading the area of operation of electronic payments in the Middle East and Africa, run more than one hundred million transactions annually, and manages the equivalent value of two billion U.S. dollars of transactions a day. Company is currently working with 12 local and international bank in Egypt, in addition to more than 130 bank and 30,000 dealer in more than 40 countries in the Middle East and Africa. In spite of the growth of the company successfully since its inception in 2001, the industry is still electronic payments sector growing by many of the opportunities for economic growth. commented times Ozolko, CEO of the Gaza operation transactions of banks in Emerging Markets Baymnts on it saying "owns two-thirds the number of individuals in the continent Africa Huat portable, while the percentage of access to financial services to less than 20%. so should all the parties involved in the manufacture of electronic payments can work together to fill the gap, including banks, merchants and mobile network operators and those in charge of the development of legislation and operators of payments electronic and finally consumers. characterized Africa availability of economic opportunity are great for industry development of electronic payments, so we must all work together to achieve growth, please. " in spite of the lack of sufficient data on the size of the industry of electronic payments in Africa, but there is a report from the (McKinsey & Company) 1 It is estimated that there are 44 countries in sub-Saharan Africa has the opportunity to achieve revenues of approximately U.S. $ 6.6 billion industry of electronic payments. It is this estimate is the minimum that can be achieved as it is supported mainly on individual payments from person to person - the largest category in the field of electronic payments in the countries of sub-Saharan Africa, where he works a lot of the sons of the country abroad and prepare a main source of financing their families. According to the report, will grow those proceeds when you add the revenue from the retail sector and new business in which it operates and the existence of a digital system for payments to increase. adds Ozolko "I've managed Emerging Markets Baymnts confirm its leading position in recent years, as one of the major companies operating in the Gaza operation electronic payments in Egypt and the region. we are now operating company of electronic payments first in the Middle East and Africa, and are constantly working to provide our services and solutions advanced to more customers and citizens in the region. We set out in the Egyptian market since more than 10 years, and are always working to expand our presence and our business at the local level, because the Egypt of the key markets for our company also enjoys the diversity of a large economic and many of the enormous potential that promise greater expansion in the manufacture of electronic payments. Consequently, seeking Emerging Markets Baymnts for more fruitful cooperation with local partners and all parties involved in this important sector, in order to ensure that Egypt remains in its leading position it deserves in the electronic payments industry in the region. " works in Emerging Markets Baymnts currently has more than 300 employees in all seven offices in the region, including 200 employees in Cairo alone. The company has been able to provide a bouquet of services and solutions to highly sophisticated electronic payments for many of the financial institutions of different activities, whether companies or banks or payments dealers. This provides Emerging Markets Baymnts total integrated solutions payments sophisticated, include, for example, payment via mobile phones and pay bills in addition to the services government payments. longer Emerging Markets Baymnts are the first companies that are running EMV in Egypt, including grants cardholders, merchants and banks unprecedented levels of secure data. The EMV is a global standard for the operation of payment cards equipped with chips and electronic selling points that accept smart cards and ATM machines, in order to ratify the financial transactions that take place through the cards.