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According to the above survey, security is second of the top 3 problems, which lies on the payment providers to have a platform which can accept payments in a secure manner for the merchant. These challenges are opportunities for payment providers to solve these challenges for the merchant so they feel more comfortable to accept payment via smartphones. With the penetration rate on mobile phones being low in emerging markets is this the future channel to people mind and wallet.
80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0
0.0 2017
2018 2019
Digital Commerce (Asia) Digital Commerce (Europé) Digital Commerce (Africa)
2020 2021 2022 2023
Mobile POS Payments (Asia) Mobile POS Payments (Europé) Mobile POS Payments (Africa)
Penetration Rate in percent per region
15