The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
africa's digital payments market projected to reach 1.5 trillion by 2030
Africa's digital payments market is projected to reach $1.5 trillion by 2030, driven by rapid internet growth and increased financial inclusion. The fintech sector is pivotal, with nearly half of its firms emerging in the last six years, while MSMEs contribute over 50% of GDP. Cross-border transactions, including $100 billion in remittances, are essential for economic mobility, as Mastercard aims to enhance digital access for 100 million individuals and businesses in the next decade.
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