{"id":27707,"date":"2017-11-23T12:03:52","date_gmt":"2017-11-23T12:03:52","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2017\/11\/23\/the-crucial-role-of-the-digital-payment-for-the-economic-development-of-the-mediterranean\/"},"modified":"2020-08-11T11:30:44","modified_gmt":"2020-08-11T09:30:44","slug":"the-crucial-role-of-the-digital-payment-for-the-economic-development-of-the-mediterranean","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2017\/11\/23\/the-crucial-role-of-the-digital-payment-for-the-economic-development-of-the-mediterranean\/","title":{"rendered":"The crucial role of the digital payment for the economic development of the Mediterranean"},"content":"\nAn effective solution for the banking system\nIn the MENA region, most of the inhabitant does not have a bank account. The fast-growing market of mobile phones allows now every citizen to secure transactions by a simple application. An online bank account is now sufficient to pay a shop or a service. On the other side, Entrepreneurs could rely on a financial system easier for their accountancy. The stock management from a small chop or a big factory is also getting better controlled.\nA promotion of women entrepreneurship\nIn the Mediterranean countries, women are too often distant from the economic life. The digital payment allows them to create a bank account with more open rules than in the traditional banking system. Their revenues are great niches to the economic growth that are after the world bank still largely unexploited. Moreover, a lot of reports shows that when women to get access to a revenue this one is more likely to be spent for the sake of the children and the family.\n\u00a0What consequences for the Mediterranean?\nDigital payment also encourages the public to declare their source of revenue. This is a great perspective to fight against informal payments and corrupted systems.\nTunisian government\u00a0pushed a lot for the payment digitalisation even though some aspect of a bad internet connection in the remote areas could restrain the system development.\u00a0Egypt is the leader of the bitcoin currency linked to the digital payment.\u00a0Lebanon with the help of international institutions is relying a lot on the system to fight against corruption. Certain\u00a0specialists think that the digital payment could even save the banking system of the country and create a real place of economic\u00a0enrichment to the citizen.\nDiscover out our latest videos about the economic news in the Mediterranean :\u00a0\n\n\u00a0\n\n","author":75,"featured_media":3404,"comment_status":"open","ping_status":"open","template":"","tags":[5761,5766,5751,2961,5760,5750,5769,5762],"location":[],"class_list":["post-27707","news","type-news","status-publish","has-post-thumbnail","hentry","tag-decision-makers","tag-economic-analysis","tag-economy","tag-institutions","tag-mediterranean-exchanges","tag-news","tag-only-for-you","tag-trending"],"short_url":"","have_related_news":null,"chapo":"The World Bank released a report in which the digital payment is exposed as a MENA (Middle East and North Africa) solution for the economic growth.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/digital-payment.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/digital-payment.jpg 550w","sizes":"550px","alt":"The crucial role of the digital payment for the economic development of the Mediterranean 1","width":550,"height":360,"ratio":0.67,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/digital-payment-897x598.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/digital-payment-897x598.jpg 1170w","sizes":"1170px","alt":"The crucial role of the digital payment for the economic development of the Mediterranean 1","width":1170,"height":658,"ratio":0.67,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The crucial role of the digital payment for the economic development of the Mediterranean - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"An effective solution for the banking system In the MENA region, most of the inhabitant does not have a bank account. 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