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Banking Self-service Channel & Payment Solutions Africa

Focuses on instant issuance and other self service channels of banking, costs associated and market trends such as drivers/constraints, etc.

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    Banking Self-service Channel & Payment Solutions Africa Suppliers


    Banking Self-service Channel & Payment Solutions Africa Supplier

    Find the right-fit banking self-service channel & payment solutions africa supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    American Express Company
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    42

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    85
    Social
    31
    Governance
    48
    6 Domains Performance (/100)
    Business behaviour
    39
    Human rights
    47
    Community Environment
    26
    Corporate governance
    54
    Human resources
    21
    Security Scorecard
    90

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    97
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    86
    Application Security
    Detecting common website application vulnerbilities
    B
    86
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    98
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    amexglobalbusinesstravel.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    12
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    14
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    26
    Fraud Issues
    3
    Labor Health Safety Flags
    3
    Regulatory Issues
    22
    Workforce Disputes
    0
    Sanctions
    1
    esg energy transition
    86
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    No

    Banking Self-service Channel & Payment Solutions Africa market report transcript


    Regional Market Outlook on Banking Self-service Channel & Payment Solutions 

    The global POS terminal market is gaining a significant momentum compared to the previous years and is expected to grow at a CAGR of 13 percent until 2018. This positive turnaround is due to the increased use of cashless transactions and advanced mobility services that is fueling the growth of retail markets. Compared to the global POS market, MEA POS market is growing at much higher pace by holding a market share of 35 percent.

    The growth of MEA market share grew from 9.23 percent to 10.08 percent in 2016 and its POS shipments crossed 5.3 million units, which has the highest growth rate in the global market. The MEA market surpassed both Latin America and Caribbean regions, in terms of shipment of new POS terminals.

    Key Market Trends

    Increasing Contactless Transactions using mPOS Devices

    • The growth of contactless transaction is expected to be in double digit by 2018 because of the increasing use of mobile device and evolving mobile payment solutions

    Growing Need of Tablet POS Devices

    • Though the end operations remain the same, tablet POS is gaining much higher traction than the other POS devices. This is due to the increasing additional features, like user interactions and mobility services

    Growing Adoption of SaaS-based and Android POS Systems

    • Android and SaaS-based POS systems are growing largely, as manufactures are focusing to easily integrate online mobile app solutions and also to provide better user experience

    Expansion of Cloud POS Systems

    • Cloud PoS is usually compatible with most point of sale hardware, including printers, cash register drawers, etc. Cloud POS systems are increasing, as it eliminate the high infrastructure usage, which, in turn, reduces the TCO

    Non-cash Payments in Africa

    Preference of cash in Africa

    • Cash is still the most preferred payment across the world. In Africa, cash is more preferred than rest of the world
    • Even in e-commerce payments, bank transfers (25 percent) and cash on delivery (24 percent) are still the most preferred payment methods in Africa, unlike rest of the world
    • Only South Africa has witnessed rapid payment innovation, with only 10 percent of its ecommerce payments are in cash
    • The remaining countries still lag behind global average in financial penetration and card usage

    Growth in Non-Cash Transaction

    • Global non-cash transaction is estimated to have grown by 11.6 percent in 2016, against 11.2 percent in 2015
    • In CEMEA region, non-cash transaction growth is estimated to have slowed down to 8.9 percent in 2016, against a sharp growth of 16.5 percent in 2015
    • In terms of share of non-cash transactions, CEMEA region accounted for 10.3 percent of total global non-cash transactions
    • Rising internet penetration and resultant rise in mobile payments are the key drivers behind this growth in Africa

    Key Market Trends-Issuance & Embossing

    Increasing printer demand

    • Global market for card printers to surpass $72 billion by 2019
    • Increasing usage of cards for payments and withdrawal is a key driver for the growth of this market

    Increasing instant card issuance

    • In October 2017, First bank of Nigeria, became 1st bank in West-Africa sub-region, and 2nd bank in Africa to issue 10 million cards to customers
    • Increased adoption of instant issuance solution, is a major driver in this market

    Lowering cost of ownership

    • TCO of instant issuance printers has decreased significantly in recent years, due to technology advances
    • In Africa, current average price per printer is R20,000–R35,000

    Increasing demand for color - embossing

    • Inkjet card printers and color laser card printers are expected to continue dominating the market with 52 percent of the market share in 2021
    • Ultra-high-volume inkjet printer technology has reduced the average cost per color impression