Online media and publishing platform for the technology community, covering top news and trends from MEA region's tech and business world.
Since its inception in 2018, OPay’s active users have risen to 15 million across the dozens of markets in which it operates. On average, the company processes millions of transactions per day. Users in Nigeria, where OPay has a significant market share, have saved billions of dollars in the last four years through credit-linked savings accounts from their mobile wallets.
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The report also discovered that once cybercriminals gain access to a financial organization, they are no longer looking for wire transfers or capital, as was previously assumed. Cybercriminal cartels are now looking for non-public market data such as earnings estimates, public offerings, and significant transactions. In fact, two out of every three (66 percent) financial institutions were subjected to attacks aimed at market strategies.
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Financial services firms who want to erase their vulnerability lag in less than a year will need to invest an additional $2.61 million and recruit 29 more IT employees. $2.61 million is 5% higher than the average required across all industries, given that they already spent 19% more on IT efforts last year than their peers.
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Dr. Adnan Chilwan said: “rabbit is focused on millennials, the digital natives and the tech-savvy generations. Connected rabbit-teers will enjoy a unique, fun-filled experience never before witnessed in the region. The idea behind the brand rabbit, is to demystify finance, make it simple, and provide a journey that would leave a smile in the face of our adopters.”
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“In line with the Dubai government’s vision for SMEs, McLedger is strategically positioned to drive the required change in finance and accounting sector by offering SMEs a cost-effective and secure digital bookkeeping platform. McLedger enables SMEs to become more agile and innovative in their product development and service delivery by combing innovation and creativity. ,” said Mr. Ahmad Al Moosa.
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