
Digital payments surge as Black Friday spending rebounds
Data from Discovery Bank and PayInc shows surging online activity, high volumes and cautious but recovering consumer spend this Black Friday.

Data from Discovery Bank and PayInc shows surging online activity, high volumes and cautious but recovering consumer spend this Black Friday.

Regulators warn that digital-market growth is outpacing consumer protection and local-job safeguards.

Singles’ Day, which takes place on 11 November in China, has grown from a student celebration of self-care into the world’s largest retail event.

Credit expansion is coming almost entirely from the deeper use of cards and personal loans by current credit-active consumers, rather than fresh market entrants, says RCS.

The surge in fraud underscores the urgent need for stringent compliance measures to protect clients and maintain trust amid rising threats.