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Huawei Offers Contactless Digital Payment Solutions

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Huawei 5G

HUAWEI now offers safe and contactless digital payment options with the launch of Mondia Pay on HUAWEI Mobile Services (HMS) in the MEA Region

Huawei, in cooperation with digital payment entity, Mondia Pay, now offers Direct Carrier Billing service (DCB), for seamless, contactless payments for users in the MEA region through HUAWEI Mobile Services (HMS).

Mondia Pay is a leader in the digital payment space and provides a simple, fast and secure way for consumers to pay for services using their mobile phone. Huawei has been working closely with Mondia Pay, the MEA region’s top digital payments fintech company, as part of its commitment to supporting developers in the MEA region. This strategic partnership will allow for increased DCB coverage and IAP (In-App Purchase) kit capabilities for global developers.

As a result, Huawei and smartphone HONOR users in almost 20 countries including, Egypt, South Africa, Tunisia, Nigeria, Tanzania, Madagascar, Liberia, and Botswana, will be able to make cashless payments securely without the need for bank cards by downloading the app from Huawei’s Application Store, AppGallery. In addition, Mondia Pay will also market Huawei’s games content in Egypt.

The number of mobile internet subscribers in Sub-Saharan Africa has quadrupled since the start of 2010 (World Bank Data) and, for many consumers, it’s the only way they can get online. With low credit card penetration rates in most markets, contactless, online payment solutions can reach wider audiences looking to consume digital content.

“This new partnership with Huawei is an endorsement of Mondia Pay’s industry expertise and deep routed knowledge of Africa. Customers across the continent will benefit from our fully integrated digital payment technology to make frictionless payments in a fast, safe and secure manner. We also support the natural progression towards cashless societies, fast-tracked by current affairs such as COVID-19,” said Simon Rahmann, CEO Mondia Pay.

Mondia Pay is available on Huawei’s AppGallery as direct carrier billing and e-wallet services to facilitate online consumer payments. Huawei’s AppGallery allows users to explore the best local and global apps.

Adam Xiao, Managing Director, HMS and Consumer Cloud Service for Huawei Consumer Business Group MEA, said: “We welcome the opportunity to partner with Mondia Pay to provide our users across the MEA region with even more payment options. Mondia Pay allows for contactless payment without the need for bank cards in a safe and secure manner that protects the privacy of users. This partnership is part of Huawei’s ongoing commitment to make it easier for local and global developers to offer their services to millions more people in the MEA region.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Smart City Startups to Generate $110.7B in Revenue by 2025, a Trifold Increase in Five Years

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Smart City Startup - Investors King

Smart city startups offer innovative solutions for urban challenges, including public and cybersecurity threats, traffic congestion, energy management, and e-governance. Over the years, the revenues of these companies increased significantly and are expected to continue growing in the future.

According to data presented by Aksje Bloggen, smart city startups worldwide are expected to generate $110.7bn in revenue by 2025, a trifold increase in five years.

Asian, European and American Smart City Startups to Witness Three-Digit Revenue Growth

Smart cities aim to cater to the growing urban population while improving on safety, sustainability, and mobility. These initiatives are backed by new technologies like artificial intelligence and the Internet of Things using sensors and data collection to gather large amounts of public data available for researchers and startups to work with.

Last year, smart city startups worldwide generated $32.3bn in revenue, revealed the Statista survey. This figure includes all revenue that companies generated by offering technologies and products that use information, data and connectivity technologies to create more value within the public city environment.

In 2021, smart city startups’ revenues are expected to grow by $6.7bn and then surge by a staggering $71.7bn in the next four years.

Analyzed by regions, Asian smart city startups are expected to generate $14.9bn or 38% of total revenues in 2021. By 2025, this figure is forecast to soar by 232% to $49.6bn.

European smart city startups are expected to witness a 166% revenue growth in this period, rising from $8.7bn in 2021 to $23.16bn in 2025.

North American startups follow with $12.3bn in revenue in 2021. Statista data show this value is set to grow by 152% and reach $31.2bn in the next four years.

Smart Utilities the Largest Revenue Stream, Environmental Solutions to Witness the Biggest Growth

The Statista survey revealed that smart utilities generate the highest share of startup revenues in the smart city market. In 2021, these startups are expected to make $10.7bn or one-third of total revenues.

Smart utilities are companies in the electric, gas and water sectors that employ connected sensors across their grids to analyze operations and deliver services more efficiently. Most of them are heavy users of the IoT technology and the latest communications, software, computing, and mapping solutions. By 2025, the entire segment will grow by 180% and hit a $30bn value.

As the second-largest revenue stream, the mobility segment is set to reach a $9.4bn value this year. Statista predicts this figure to jump by nearly 190% to $27.2bn in the next four years.

Smart buildings are expected to witness a 172% revenue growth in this period, with the figure rising from $7.2bn in 2021 to $19.2bn in 2025.

However, startups delivering environmental solutions for smart cities are set to witness the most significant growth in the following years. Between 2021 and 2025, their revenues are expected to surge by 210% and hit $16.4bn globally.

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Uber Raises Tfare By 13 Percent In Lagos

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The economy option for ride-share giant company, Uber, popularly referred to as UberX, has been increased by 13 percent in Lagos State.

An electronic mail message from the ride-hailing firm to its drivers stated that the increment would start from May 11, 2021.

Uber said the increase was to ensure a reliable earning opportunity for driver-partners.

“At Uber, we remain committed to providing a reliable earning opportunity for driver-partners, as well as a reliable and affordable service for riders. With this in mind, starting 11th May 2021, we are increasing prices on UberX by about 13 percent,” the message read.

Earlier, Uber and Bolt drivers under the aegis of Professional E-hailing Drivers and Partners Association, declared a strike in April in Lagos, seeking an upward review of e-cab fares to reflect the current economic

They also wanted both companies to reduce the commission charged on rides from 25 percent to 10 percent.

National President of PEDPA, Mr. Idris Shonuga, had at a news conference in Lagos, said, “Instead of fixing a new and reasonable fare in line with inflation, the companies have recklessly continued to maintain the low fare, thereby, impoverishing hard-working young Nigerians who are diligently and lawfully trying to make a decent living.”

The e-cab operators also demanded adequate welfare package for drivers and compensation to the families of those that lost their lives or are permanently disabled in the line of duty.

The association said that more than 15 drivers had lost their lives, while some had been permanently disabled in accidents in the course of the service.

It also said more than 20 others have also lost their lives through kidnapping or killed by ritualists without any compensation from the operators.

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CEOs of Major Tech Companies Have Sold Over $6 Billion of Their Stocks in 2021

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Stocks - Investors King

Data acquired and calculated by Finbold indicates that CEOs of the five selected major tech firms have sold $6.36 billion worth of shares between January 1 and May 10, 2021.

Jeff Bezos leads, having offloaded AMZN shares worth $4.9 billion. Facebook CEO Mark Zuckerberg has sold $1.2 billion of his stock. Cumulatively, the two executives have offloaded $6.1 billion worth of shares from their respective companies.

Elsewhere, Nvidia CEO Huang Jen Hsun has sold $77.28 million worth of shares to rank third. Microsoft chief executive Nadella Satya has offloaded $65.44 million of MSFT stock, while Alphabet’s Pichai Sundar has sold $33.05 million. Among the top tech companies, only Tesla and Apple CEOs have not sold any of their stock in 2021.

Insider selling follows a surge in tech stocks

The highlighted companies have recorded a spike in the stock value over the past year, and the research report notes that:

“The sales come in the wake of tech sector stocks surging to new highs amid the coronavirus pandemic. In the pandemic, with wide-scale lockdowns, the companies run by the CEOs played a key role by offering services and products to help people manage the effects of the health crisis. The attention on these services drives the stock prices to record levels.”

Although insider trading is increasing in popularity, the activity is an essential indicator for investors to predict future price movement.

Overall, insider trades offer the overall market and investor outlook. When a single executive increases selling activity but others hold their shares, it does not call for alarm among investors.

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