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MasterCard has doubled the number of its customers in the Middle East and Africa
5/7/215
Dubai: doubled «MasterCard» credit card number of customers in the Middle East and North Africa to about 100 million in the previous three years, where has launched a partnership with the governments in Almntqh.ola continues to be a small fraction of the approximately 1.4 billion card for »MasterCard» used worldwide. But there is ample room for growth in the region where there are still about 90 percent of the transactions are in cash, compared with a global average of 85 percent - according to Reuters.
Chairman Michael Maybach «MasterCard» Global, Middle East and Africa, told Reuters «It's the fastest-growing areas. We expect higher than the global average growth. »
In March / March and signed «MasterCard», the second largest company credit cards in the world, an agreement with the Egyptian government to issue digital definition cards, allows for about 54 million Egyptian citizen use Payment & government fees and bills for mobile phone technologies in addition to buying products from shops and other services . And the «MasterCard» a similar project with the government in Nigeria, which also has a low rate of «financial inclusion» Maybach. He said «we see in the Middle East and in Africa, the dominance of the cash payment system. In Nigeria are about 94 percent of transactions in cash. »
And get «MasterCard» and larger rival «Visa» more than 60 percent of revenue from outside the United States. It comes less than a third of revenues «MasterCard» of Asia-Pacific and the Middle East and Ofriqia.oozart the results of the «MasterCard» for the first quarter of the year, published last month that the volume of purchases in Asia-Pacific, Middle East and Africa rose 15.2 percent, faster than the 11.8 pace percent level Alm.ozad volume of transactions in the region of 20.9 percent compared to an increase of 15 percent on the level of Alm.oukal Maybach that in the Middle East and Africa, Arabia and the United Arab Emirates were among the fastest growing markets. In the UAE, the strong spending of Chinese helped offset weakness in transaction volumes to the Europeans and the Russians as a result of the weakness of the euro and the ruble against the dollar.
Last month «MasterCard» entered into an agreement with «Premiere» Islamic Bank in Somalia for the issuance of credit cards and the creation of automated teller machines in the country. Maybach He said that growth was also strong in sub-Saharan Africa supported enjoying booming economies and turning people from the cash payment to credit cards
.
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5/7/215
Dubai: doubled «MasterCard» credit card number of customers in the Middle East and North Africa to about 100 million in the previous three years, where has launched a partnership with the governments in Almntqh.ola continues to be a small fraction of the approximately 1.4 billion card for »MasterCard» used worldwide. But there is ample room for growth in the region where there are still about 90 percent of the transactions are in cash, compared with a global average of 85 percent - according to Reuters.
Chairman Michael Maybach «MasterCard» Global, Middle East and Africa, told Reuters «It's the fastest-growing areas. We expect higher than the global average growth. »
In March / March and signed «MasterCard», the second largest company credit cards in the world, an agreement with the Egyptian government to issue digital definition cards, allows for about 54 million Egyptian citizen use Payment & government fees and bills for mobile phone technologies in addition to buying products from shops and other services . And the «MasterCard» a similar project with the government in Nigeria, which also has a low rate of «financial inclusion» Maybach. He said «we see in the Middle East and in Africa, the dominance of the cash payment system. In Nigeria are about 94 percent of transactions in cash. »
And get «MasterCard» and larger rival «Visa» more than 60 percent of revenue from outside the United States. It comes less than a third of revenues «MasterCard» of Asia-Pacific and the Middle East and Ofriqia.oozart the results of the «MasterCard» for the first quarter of the year, published last month that the volume of purchases in Asia-Pacific, Middle East and Africa rose 15.2 percent, faster than the 11.8 pace percent level Alm.ozad volume of transactions in the region of 20.9 percent compared to an increase of 15 percent on the level of Alm.oukal Maybach that in the Middle East and Africa, Arabia and the United Arab Emirates were among the fastest growing markets. In the UAE, the strong spending of Chinese helped offset weakness in transaction volumes to the Europeans and the Russians as a result of the weakness of the euro and the ruble against the dollar.
Last month «MasterCard» entered into an agreement with «Premiere» Islamic Bank in Somalia for the issuance of credit cards and the creation of automated teller machines in the country. Maybach He said that growth was also strong in sub-Saharan Africa supported enjoying booming economies and turning people from the cash payment to credit cards
.
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