09 Nov Gaming is Alive and Well in Africa - Online Payments in Kenya, Nigeria and South Africa

Gaming is alive and well and growing at more than 30% year on year across Africa. More than half the countries in Africa are enjoying mobile gaming. It has become easier to get paid by African consumers in their local currency and with their favourite African payment methods and on a mobile which has played into the hands of the gaming sector. A number of countries on the African continent like Kenya, Nigeria, Ghana, Botswana, Angola, Congo DRC have regulated and ...
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08 Nov East Africa eCommerce Payments - Rwanda and Kenya Making it Easier to Trade and Get Paid Online

Kenya and Rwanda are among the most improved and easiest to do business with in Africa.  African countries are making it easier for multinationals to do business in terms of regulations and cross border trading. Rwanda implemented more that 50 reforms and Kenya more than 30 that make it easier to do business.  Rwanda was ranked second behind Mauritius. Rwanda’s eGovernment has brought consumers into the online web and prepares them for being able t...
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06 Nov Stats on Kenya and Nigeria - eCommerce and Online Payment

 Over 60% of Nigerians (almost 60m) now have access to some kind of banking or mobile payment capability.   Nigeria has more than 90m mobile and internet users and more than 15m people on Facebook. African credit card processing - Accept online payments from Africa - African eCommerce payments Verve card which was first issued in Nigeria and used by almost half of the card carrying Nigerians, is now being marketed and issued in Kenya.  Acquirin...
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01 Nov Investment into African Fintech is Catalysing the Opportunity for eCommerce Companies Looking to Get Paid by African Consumers

Use of bank accounts in Kenya (31%) and Nigeria (41%) Mobile phone access in Kenya and Nigeria (93%).  Use of mobile money in Nigeria (2%) and Kenya (81%) Over a billion dollars of private equity is being invested into African businesses over the next 5 years and private equity firms are taking a long view when it comes to investment. Financial services is an attractive industry for them. More than 1,000 deals were done from 2010 to 2016 and a third of them w...
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24 Oct Multinational eCommerce Companies Get Paid Online with Diverse Mobile and Bank Transfer Payment Methods in Africa

Less than 3% of Africans have a credit card so, multinational eCommerce companies who are keen on expanding to Africa, need to get used to receiving online payment in a diverse number of alternative and mainly mobile payment methods.  Bank transfer is also catching on fast, particularly in countries like Nigeria where the CBN is backing it.   Large eCommerce companies like Uber, Amazon, Facebook, Netflix, Microsoft, AirBnB will have to think cleverly to b...
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23 Oct African eCommerce Payments: Kenya eCommerce Gets a Boost from Safarinow and M-Pesa

eCommerce is on the up and up in Kenya with even Safaricom (the Mother of M-Pesa mobile payments) launching an eCommerce platform for the sale of eCommerce goods and services. Merchants are screened before being given access to the platform to sell their wares. Safaricom has more than 70% of the country's internet users, 40m people and over $1.5bn in payments a month. Goods are currently being delivered in 3 and 5 days in Kenya and they are working on shorter deliv...
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20 Oct African Online Payments: Connected Nigerian and Kenyan Consumers Ready to Buy and Pay Online

Paga is hoping to have more than 40m unbanked consumers using their local Nigerian payment method.  Nigeria’s population is relatively well banked as compared to other African countries. The Central Bank of Nigeria is working with MNO’s to roll out and promote financial inclusion with mobile money payment methods. Urban Nigerians are largely banked and its the rural consumers that are getting the most attention from a financial inclusion perspectiv...
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18 Oct Nigerian Retail eCommerce Driving Growth- Internet Connectedness and Online Paymentability the Catalysts

eCommerce companies like Konga, Jumia and Wakano are driving consumer demand for eCommerce products and services and as payment facilitators and collecting PSPs like African Payment Solutions make it easier to get paid online, the eCommerce economy is growing at 30%+ per annum. The retail segment has largely driven the Nigeria’s ecommerce market, and the emerging middle class of around 23% of the population is ready to shop, hungry for international brands an...
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10 Oct eCommerce and Mobile Commerce Payments in Nigeria now Include Bank Transfer

Solving financial and payment problems for Nigerians is the order of the day right now.  The government is making a move from cash to digital and online ePayment.  Economic enablement of the 180m+ Nigerian population is top of the agenda.   With oil taking a back seat, and trading, eCommerce and digital empowerment is catalysing this massive and biggest African economy.  Financial inclusion means bringing the broader Nigerian population into the...
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03 Oct Nigeria and Land of Contrast Goes Digital with ePayments, eCommerce, Online Payment

Nigeria is an exciting mix of the new and the old, cash and digital, educated and less educated, analogue and smartphone.  A country in a dynamic state of accelerated evolution, in many ways leapfrogging the developed world.  A dynamic place and time to do business. Drive down a street in Nigeria and you will meet up with people in suits walking past street vendors in rags, steel and glass modern architecture adjacent to rundown old building sites and rub...
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