DCB Index 2023 highlights new market entrants’ strong performance
In partnership with Evina, the advanced cybersecurity for Carrier Billing and mobile money company, we dived into the latest developments in the world of Direct Carrier Billing (DCB), particularly in the Middle East and Africa, in a new 2023 edition of the DCB Index (check out the 2022 edition). This annual analysis provides invaluable insights into the progression and potential of the DCB market in these dynamic regions, evolving as a key player in the mobile payments sector. As a streamlined method that allows users to charge purchases directly to their mobile carrier bill, its adoption is increasingly significant in regions with rising mobile penetration, bringing new countries to the forefront.
Notably, the market has seen an overall increase in its rating, moving from 2.8 to 2.9, as the DCB Index uses a 1 to 5 rating scale, where 1 is the lowest and 5 is the highest level of DCB development and potential. The improvement signals the market’s advancements in innovation and opens doors for further development, especially in anti-fraud technology. New countries like Algeria, Botswana and Saudi Arabia have also been included for the first time, providing a more comprehensive overview of the region’s DCB landscape.
Morocco emerges as a leader in this year’s ranking with the highest score, underscoring its robust and reliable DCB market. Its runner-up, South Africa, shows significant adoption of mobile money and potential for DCB growth. The Index also helps to enhance Ivory Coast as the fastest-growing market and draws attention to the increasing market dynamics in Africa. Focusing on the Middle East, Kuwait and United Arab Emirates are making notable progress with positive ratings, as Saudi Arabia comes with an impressive 3.4 rating, demonstrating its relevance and boosting the region’s average score.
“This year’s ranking shows a modest increase in the overall level of security among DCB players operating in the MEA region. This positive trend is welcome but should not mask the growing disparity in security levels between players. Some players are investing in their development and security on the DCB and reaping significant benefits in terms of growth and profitability, while others are caught in a downward spiral where they find themselves unprotected and under attack by fraudsters who target the least protected regions of the world and avoid defended players.”
David Lofti – CEO of Evina
The 2023 DCB Index not only offers a snapshot of the current state of Direct Carrier Billing in the Middle East and Africa but also hints at a promising future. As new countries adopt and enhance DCB technology, the landscape of mobile payments is set to evolve further. Staying updated with these trends is essential for navigating the ever-changing world of digital transactions.
“As per the latest DCB INDEX analysis, mobile penetration in Africa and the Middle East will surpass 90% by 2023. This significant growth reflects the expanding accessibility of mobile services across these regions. Notably, our findings show an impressive rise in innovation, with the indicator climbing an average of 3.4 points out of 5 this year alone. This trend is joined by the substantial growth of the most innovative new mobile payment solutions. These advancements are vital in driving the mobile economy, where DBC has already established a prominent presence. Telecoming is witnessing the region’s dynamism and the exciting developments currently shaping the market.”
Roberto Monge – Chief Operations Officer at Telecoming
As we continue to witness these advancements, it is clear that the world of mobile payments is on a trajectory of exciting growth and innovation. Stay tuned to see how these developments unfold in the coming years and shape the future of digital commerce.