12 Jul African eCommerce Potential and Online Payment Metrics

Rapid urbanization, a resilient and adapting middle class, accelerating consumption patterns and the ability to get paid via the local payment methods through African Payment Solutions are driving eCommerce for big brands across the continent.  

The African region is becoming “more widely recognized as the world’s most exciting and attractive frontier investment destination”.  Many of the fastest growing cities in the world are in Africa and with internet penetration of 30%, exponential growth is taking place.  

Lagos Nigeria is top of the pops and with solid payment methods including Verve, eTranzact, Visa and MasterCard debit cards and Paga mobile payment methods, and is a very attractive market for big international eCommerce brands.

Africa as a continent has a population of over 1bn, 29% of whom have internet access and mobile subscribers are almost a billion.  There are more than 170m active social media users.

Contact African Payment Solutions if you are a large multinational eCommerce company looking for eCommerce payment to expand across the African continent

 

Thank you to our sources for content inspiration

http://www.africanbusinesscentral.com/2017/03/14/private-equity-in-africa-steps-up-a-gear-in-2016-african-private-equity-and-venture-capital-association-avca/

http://www.visualcapitalist.com/africa-exploding-tech-startup-ecosystem/