How the Chinese Tourism Boom Will Change Payments, Creating Winners and Losers

Whilst the biggest world travellers in volume are still Europeans, the emerging markets led by China are spearheading a new long-term trend in travel, and the numbers are big. For 2017, the United Nations World Travel Organisation (UNWTO) recorded 1.3 billion tourist arrivals globally, of which 75% were holiday travellers and 25% for business. The 7% increase from 2016 was the highest annual growth since 2010. Tourists spent US$1.3 trillion, representing an average of US$1,000 per head making it one of the largest retail categories. Download our white paper: "How the Chinese Tourism Boom Will Change Payments, Creating Winners and Losers". Complete Form to Download White Paper

July 22nd, 2019|White Paper|

How to Stay Better Protected Against Payment Security Hacks

A breach is expensive. Averages suggest the cost represents 10% of your annual revenue with the average reported breach now costing US$1.6m (source: Radware) and rising fast. Add to this any regulatory fines, lost time, brand impact, lost customers and headache. The impact can run from a week to a couple of months, event dependent. Your annual budget will be impacted, enterprises pay an average of US$200k to external parties to troubleshoot the crisis and your life in the boardroom will be forever changed. A lack of visibility will no longer be tolerated as an acceptable response. Both the UK National Cyber Security Centre and World Economic Forum forecast 74% of businesses can expect a hack this year. Not surprising when 150 criminal groups are known to be making more than US$100,000 per week from their illicit operations (source: Checkpoint). To avoid your chance of ending up in this situation, [...]

July 21st, 2019|White Paper|