Tag: middle east

Mobile payments to become more secure in the Middle East

| April 17, 2013

Mobile Payments Security Middle EastAxiom sets sights on security for mobile payments and beyond

Axiom Telecom, one of the largest telecommunications companies in the Middle East, has announced an exclusive partnership with NQ Mobile, a leading developer of security software. Through this partnership, Axiom aims to provide more protection to its Android customers, especially when it comes to the issue of mobile payments. Mobile payments are growing in popularity in the Middle East, especially among affluent consumers in the United Arab Emirates. Security, however, is a major concern for many as their financial information could be at risk of theft and exploitation.

NQ Mobile Security available to Axiom Android customers

Through this new partnership, Axiom Android customers will be able to take advantage of NQ Mobile Security, one of NQ Mobile’s most popular security offerings. This security suite will come pre-loaded on all new Android devices sold by Axiom. Consumers that already have Android devices through Axiom will be able to access the security suite in order to protect their mobile devices from the various threats that exist in the digital world. The suite protects a mobile device against malware, spyware, phishing attempts, viruses, hacking, and other threats that could access a consumer’s information.

Mobile payments continue to face significant threats

As mobile payments become more common, the threats that exist in the digital world are becoming more pronounced. These threats are gaining more attention because of the dangers they pose to a consumer’s financial information. NQ Mobile notes that the number of threats specifically targeting the mobile commerce sector is on the rise and that there is no sign of these threats diminishing any time soon. In order to protect a user’s financial information, the NQ Mobile Security suite also features an anti-theft and anti-loss service. This service will locate, lock, and terminate the digital information that is stored on a mobile device if it is reported as lost or stolen. The device will also sound an alarm in order to signal that it has been stolen.

Axiom seeks to spread awareness of mobile security

Axiom is working to bring more security to the mobile world. Awareness concerning mobile security, especially in regards to mobile payments, is somewhat lacking in the mobile space. Axiom is hoping to address this issue through awareness and by making robust security solutions more available to consumers.

Call for expansion of mobile commerce goes out to the MENA region

| February 19, 2013

Mobile Commerce MENA RegionMobile commerce demand growing in Middle East and North Africa

Mobile commerce is growing in demand in the Middle East and North Africa region, often known as MENA, as more consumers get their hands on smart phones and tablets. These consumers are calling for new ways to purchase products online using only their mobile devices. Thus far, interest from the regimeaon’s telecommunications and retail companies has been limited, with some companies suggesting that they see only modest potential for success. Mobile commerce experts are suggesting that these companies could be missing out on significant opportunities.

Mobile payments may be the future of personal financial transactions

Mobile commerce specialists consider mobile payments as the future of personal financial transactions throughout the world. More consumers are making use of smart phones and tablets, using these devices to shop online and make purchases. Outside of the MENA region, mobile commerce has seen major success in the retail sector, with much of this success being found in Asian markets. The growing popularity of NFC technology is also driving interest in mobile commerce, despite some of the security concerns that have been raised about the technology in recent months.

Benefits of mobile commerce have yet to be shown in MENA region

Retailers in the MENA region have shown some interest in mobile commerce, but many have found it difficult to engage mobile consumers due to the limited support mobile commerce has received from the region’s telecommunications giants. Making mobile payments possible for a wide range of consumers has, thus far, been a difficult task in the MENA region as it requires telecommunications companies to expand and update their mobile service networks. Such updates are both expensive and time consuming and some companies have not yet been convinced of the gains they could see through an aggressive adoption of mobile commerce.

Pilot projects help raise awareness

There are several mobile commerce pilot projects currently taking place throughout the MENA region. Some of these projects have found success with consumers and retailers on a small scale. Many of these pilot projects are designed to raise awareness of mobile commerce rather than produce significant gains for retailers and telecommunications companies.