Arab Today, arab today banking financial products see fourfold online increase
Last Updated : GMT 22:17:05
Arab Today, arab today
Arab Today, arab today

Banking, financial products see four-fold online increase

Arab Today, arab today

Arab Today, arab today Banking, financial products see four-fold online increase

Dubai - Arabstoday

Dubai The number of people searching online for banking and financial products in the Middle East and North Africa (Mena) region has quadrupled over the last two years, according to a research by global search engine provider Google. Information on credit cards, loans, insurance, investment products, general banking and mortgages have dominated search queries. "In fact, credit card tops the search queries, our data shows," Mohammad Mourad, Google's regional manager for the Gulf, told Gulf News in an interview. "For the first time in the region's history, search for online banking has surpassed the search for offline banking. This means most people are looking at online banking products and services rather than searching for offline products." This also indicates that the future of face-to-face interaction with customers will continue to decline as more and more people will opt for online banking, he said. Article continues below Google handles 120 million queries per day in the Mena region, where 56 per cent of the searches and queries are done in Arabic, followed by English and French, as Google strengthens its Arabic versions of the products and services. Growth potential "Of these, 73 per cent of the online queries are of generic nature while the remaining 27 per cent are specific. Which means companies have a great potential to improve their product offering online for clients to seek information on specific products and services," Mourad said. In the Mena region, 85 million people browse online for products, services and information on matters of their choice. About 93 per cent of them search online. On average, they spend three hours per day on the net, higher than two hours spend on television. "In Europe 67 per cent of the search users are inspired by offline channels such as billboards, print advertisement or news and other media," Mourad said. "Online information is dominating people's purchase decisions these days." However, mobile phones are clearly emerging as the most effective link between online and offline information and queries. "People learn about new things from different sources — friends, family, relatives, advertisement, etc. However, it is either their smart phones of online platforms that they actually go, search and check the information out," he said. However, internet penetration in the Mena region is still low — 25 per cent. "Which means there is lot of room for growth and we see that the internet penetration is increasing," he said.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today banking financial products see fourfold online increase Arab Today, arab today banking financial products see fourfold online increase

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today banking financial products see fourfold online increase Arab Today, arab today banking financial products see fourfold online increase

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday