Notes for video: Kalon Venture Partners . . introduced to me to the term COVID-beneficiaries.
Platforms and marketplaces, particularly related to core growth opportunities, like historically tourism and travel, and into the future SME’s moving their services online, and the consequent demand for transport and logistics systems
Opportunity - Incoming platforms moving from mature markets to underserved markets across Afr...
Notes for video:
International businesses have the volume and and are looking for a minimum level of certainty and risk management when it comes to acquiring across the continent. Most non-African merchants and payment providers expect African acquiring and payments to be like more developed markets, but it's not.
It is imperative that the key payment methods of each territory need to be supported. The further out one goes to less...
Local institutions are familiar with local payments market. Local SME’s are growing fast and require a lot of attention and support. Incoming digital commerce can benefit from local legal entity, local compliance, local forex management, protection from the vagaries of internet connectivity, culture, language, legacy systems, local knowledge, local infrastructural instability . . so this is where we can help. ...
Our road to live with MTN Mobile Money for payment at the checkout. In this video we explain our journey for getting MTN Mobile Money live for our multinational eCommerce merchants for online payment at the checkout. MTN Mobile Money is probably the most popular mobile payment method across Africa and they have done a good job of pan-African coverage. Each country that you would like to accept from will need a local legal entity, in many cases a ...
Cape Town’s or perhaps Africa’s leading couple in blockchain, smart contracts and digital currencies.
Sonya and Jurgen Kuhnel: Sonya with Blockchain Academy and Bitcoin Events champions the education and event side of things. Jurgen as CEO of Xago.io champions the digital currency and smart contract nitty gritty business missions
To start with Sonya her Bitcoin Events puts on the top blockchain events in Africa including Blockchai...
Digital Payments Timeline
1994: First online purchase is madeA CD of Sting’s Ten Summoner’s Tales is sold for $12.48 on NetMarket.
1997: First mobile payments and first contactless paymentsCoca-Cola installs two vending machines in Helsinki that accept payment by text message.
1999: Paypal launches electronic money transfer serviceEarly on, PayPal’s user base grew nearly 10% daily. Tesla CEO Elon Musk ...
Market is fragmented - one simple integration, all SSA key payment methods
Consolidation - the market will consolidate as international capital enters the market
A Few Main pan-African players - there are a limited number of players going for pan-African eCommerce payment through a single integration and providing treasury and repatriation services
Enter remittance companies - companies are making noises that they are entering the eCommerce acquiring space
Notes for Video: The Future of Digital Payments
As transactions rise, a number of other technological innovations could be instrumental to shaping the evolution of the digital payments industry:
1. Messaging-app paymentsFacebook Messenger, WhatsApp, and WeChat can leverage the reach of billions of users.
2. Voice-activated commandsPaying for gas, groceries, or retail via voice could soar.
3. Peer-to-peer (P2P) paymentsBank of America an...
NOTES FOR VIDEO: Evolvement of Digital Payments Across Africa:
Let’s summarise this from four angles - digital currency, stablecoins, CBDC’s and digital platforms.
All of whom are in a race to adoption and each will have its heyday.
Decentralised digital currencies like Monero, Decred, Zcash, Dash, Stellar will have varying levels of uptake but sporadic as they do not have enough adoption drivers. They do well in a fiat cr...
Consumers want to be able to pay with their local currency and payment methods to buy international goods and services.
They would like to sell their services globally and get paid locally and/or overseas.
This market is currently under-competed.
There are not many global eCommerce payment solutions meeting these cross border customer needs and the local payments market is fragmented.