5 ways Africa’s payments industry is evolving

13 June 2019. Africa is still home to a large unbanked population. Eighty percent of adults in sub-Saharan Africa don’t use any formal or informal banking facilities, and only 5% of adults have a credit card. It’s not just customers who are excluded: even in the relatively advanced South African market where 75% of adults have a bank card, only 6% of sellers or merchants accept card payments. Read more…

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