The Future of Payments in Africa

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Although experts predict that e-wallets (payment through devices) are going to have the fastest growth, cards will remain an important driver of revenue for African finance. E-wallets comprise a fifth of global transactions. They’re convenient, but only when most of the population uses them; cards, in contrast, are convenient from the get-go. Cards are more accepted than e-wallets across the African continent and in online transactions. Once key markets, like Egypt, Morocco, and South Africa adopt e-wallets, they can work in tandem with (or even integrate) cards, advancing African finance. Read full article here

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