News digest 29.11.2021

E-COMMERCE APP INSTALLS GREW 10% THIS YEAR

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Global installs of eCommerce apps grew 10% in 2021 compared to 2020, and sessions were up 12% year-on-year spelling good news for developers and retailers this holiday season.
The latest eCommerce app report found that installs rose highest in the EMEA region (15%), followed by LATAM (11%) and APAC (9%).

INDIA PLANS LAW THAT WILL PROHIBIT ALL PRIVATE CRYPTOCURRENCIES

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The Indian government said that the proposed law will permit “certain exceptions” to promote the underlying technology of cryptocurrency and its applications.
The bill will also create a “facilitative framework” for the creation of the official digital currency for the country, the legislative agenda adds.

GLOBAL CHIP SHORTAGE EXPECTED TO PERSIST BY 2022

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Across most categories, device shortages are expected to be pushed out until the second quarter of 2022, while substrate capacity constraints could potentially extend to fourth quarter of 2022.
The shortage of semiconductors has already affected the big tech business, and some companies have returned to outdated technologies to compensate for the shortage of chips.

FINANCIAL APPS SECTOR IS GROWING FASTER THAN THE MOBILE MARKET ON AVERAGE

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In 2021, the number of downloads of financial applications increased by 21% and reached 1.47 billion.
Brazil, India and the USA are the leaders in the number of downloads of non-banks. In Brazil, neobanks account for almost one in four downloads of financial applications.

META DELAYS ENCRYPTED MESSAGES ON FACEBOOK AND INSTAGRAM TO 2023

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Instagram Facebook and Meta, the parent company of Facebook, will not introduce end-to-end message encryption in their apps until 2023.
Mark Zuckerberg Corporation took such a step due to the fact that encrypting messages will help Internet attackers to remain unpunished.

TENCENT IS OBLIGED TO APPROVE APPLICATION UPDATES WITH THE CHINESE AUTHORITIES

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We are talking about at least nine companies that use the Weixin messenger for corporate communication, including China Mobile, China Construction Bank and China National Petroleum.
The authorities linked the tightening of requirements with "numerous violations of the rules for working with personal data of customers."

ONLINE PAYMENT FRAUD ACTIVITY UP 208% AMID BLACK FRIDAY SEASON

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In 2021, the total number of financial phishing attempts targeting e-payment systems more than doubled from September (627,560) to October (1,935,905), marking a 208 per cent increase.
Experts always witness intensified scamming activity amid the Black Friday season. Perhaps a bit more unexpected is the attention being paid to e-payment systems.

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