Posts Tagged ‘Consumer protection’

In this Insights at the Edge of Government Analysis Flash, we look at the hyper growth of mobile data 3G/4G subscribers in Pakistan in the last 3 years. If you are wondering why Alibaba is currently in talks to buy a stake in Telenor Bank, PayPal and Alipay are planning their market entry, and other top technology firms like Uber have made Pakistan a priority, the huge growth in mobile data adoption is it. Mobile data subscribers have grown at a CAGR of 135% since 2014.

Mobile data subscribers have grown at a CAGR of 135% since 2014.

Pakistan’s e-commerce market is expected to reach $1 billion by 2020. However, a world-class regulatory framework for the digital economy will be critical to position Pakistan as an emerging technology hub, attract further foreign direct investment from global technology leaders, as well as speed Pakistan’s transition to a knowledge-based economy. Key regulatory reforms should include modernized business activity licensing classifications for e-commerce and the sharing economy, world-class consumer and data protection laws, clear policies that guarantee personal data privacy, and a sensible tax regime. A Prime Minister’s Committee for developing the digital economy, formed by representatives from leading global and home grown technology firms, would be an effective way of ensuring Pakistan gets its digital economy regulatory framework right and avoids inconsistent federal and provincial laws.

Tahseen Consulting is honored to have its report on personal data privacy practices of financial institutions in the UAE cited by The National, one of the UAE’s largest English-language daily newspapers. In our report issued in July 2014, we found that UAE personal financial data privacy policies can be significantly improved to offer consumers more control over their personal data. Our original article is available here: http://tahseen.ae/blog/?p=974.

View Our Other Work on Data Regulations and Standards in the GCC

Is Open Data Leading to Better Government in the GCC?

Most UAE banks don’t give the right to opt out of sharing your personal information with affiliates, companies related by common ownership or third parties, Mr Schwalje adds. “So if a large bank has affiliated subsidiaries that offer private banking, financial management or insurance, all of your information can be freely shared for cross-selling services.”

Most UAE banks don’t give the right to opt out of sharing your personal information with affiliates, companies related by common ownership or third parties. If a large bank has affiliated subsidiaries that offer private banking, financial management or insurance, all of your information can be freely shared for cross-selling services.