Digital Payment and E-Commerce Data Collaboration
Digital Payment and E-Commerce Data Collaboration
Description:
This collaboration involves data from banks and e-commerce platforms to analyze digital payment data and understand consumer spending trends, improve financial planning, and promote the growth of the digital economy.
Objectives:
• Encourage the adoption of digital payments and reduce cash dependency.
• Support the development of the digital economy.
• Provide insights into consumer spending patterns.
Socio-Economic Impact:
• Government: Enhanced economic planning, increased financial transparency, and reduced cash handling costs.
• Private Sector: Access to consumer statistics and insights for better-targeted marketing, improved customer insights, and opportunities for new digital services.
Potential Datasets:
• Data on digital payment adoption and spending patterns.
• Transaction data from banks and e-commerce platforms.
• Consumer behavior data linked to digital payment usage.
• Mobile payment app usage metrics (frequency, value, location)
• Insights on payment methods used for product purchases.
• Product and service category trends linked to payment methods.
• Data on cloud usage patterns for e-commerce transactions.
Potential Stakeholders:
Financial Institutions, E-Commerce Companies, Fintech Companies, Consumer Goods Companies, and Technology Providers.
Code: Economy
Sustainable Development Goals (SDG):
International Best Practices:
In Sweden, data-sharing initiatives between the government and financial institutions have accelerated the shift to a cashless society, leading to greater economic efficiency.
How to get involved?
D4G Alliance initiative facilitates win-win collaboration between relevant stakeholders where privately held data are utilized to produce actionable insights for the public interest in the Emirates of Abu Dhabi.
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