17 Oct Online Payments And Decentralized 2019 - Bringing Together The Worlds Of African Mobile Money with Digital Currencies, Blockchain and Smart Contracts

We’re off to Decentralized 2019 to explore the new world of online payments as it relates to blockchain and digital currencies across Africa.  Decentralized Athens 2019 is hosted by the University of Nicosia who have a number of firsts in the world of digital currencies, smart contracts and blockchain.   University of Nicosia is the first university in the world to present an MSc in Digital Currency, the first university to accept Bitcoin as payment ...
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16 Oct KENYA - Latest Stats for Payment Providers on Mobile Phone Market Share, Online Payment Methods and Mobile Money

The latest KCA report has some interesting information for multinational eCommerce companies entering the region in terms of eCommerce, online payments, payment providers and mobile money for eCommerce payment. The Kenya Communications Authority Report Q4 2019 has useful information in terms of online payments and eCommerce payment methods for payment providers serving the Kenyan market.   Mobile phone subscriptions have gone from almost 100bn in 2018 to...
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15 Oct eCommerce Payments Africa - More Facts on Smartphones and Mobile Money for Online Payments

In 2018 globally there were 866m registered mobile money accounts (20% up on 2017) and 272 mobile money deployments live in 90 countries, processing $1.3bn daily.  Almost half of all global mobile money accounts are in Sub-Saharan Africa and they drive two thirds of the volumes of global mobile money.  Volumes have grown from $2.5bn in 2010 to $27bn in 2018. More than 50% of the adult population in Ghana, Côte d'Ivoire, Benin and Senegal have an ac...
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14 Oct The Effect of Smartphone Growth Across Sub-Saharan Africa on Online Payments and eCommerce

As part of our ongoing research into online payments, eCommerce payments across Africa, the latest GSMA report has useful information and understanding for online payment providers and multinational eCommerce companies. Growth in mobile phone subscribers in Sub-Saharan Africa has slowed to less than 5% compound annual growth rate over the next 3 years, which is half of what it was previously.  By 2023, mobile phone penetration in Sub-Saharan Africa is expected...
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11 Oct A New Landscape of Cross Border Payments is Emerging for Online Payments with eCommerce Payment Providers Across Africa

I mentioned in a previous blog about how I believe the lines of PayTech across Africa are blurring.  The collapsing of payment verticals like wallets, remittances, acquiring, mobile monies is starting to make it difficult to differentiate between an online payments provider, a mobile money aggregator, a remittance company, and now digital currency payment providers and platforms. For example take the two main global cross border digital payment providers Rippl...
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10 Oct African eCommerce Payments: Survey of Nigerian Online Payment Methods For eCommerce

I was reading an interesting Global Payments Report on Nigeria which recently surveyed payment methods in use.   In Nigeria, Cash is King and almost half eCommerce payments are made in cash. Nigeria is a credit card and debit card culture when it comes to the middle and upper classes who are the most prevalent target market for multinational eCommerce. In 2018, 25%  of the population was connected to the internet.   According to their 2017 stat...
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09 Oct Update on Crypto Currency Payment Providers and Online Payments Across Africa

We are off to Decentralized Blockchain Conference in Athens shortly to learn more about how blockchain, smart contracts and digital currencies are going to complement and supplement our payment provider suite of online payments across Africa. Although it's a bear market, there is a lot of development taking place on the base layer infrastructure building the rails of a new world of payments including on bitcoin, Ethereum and other protocols like Hyperledger and Cos...
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08 Oct The Fragmented And Disjointed Network And Web Of African Online Payments

Africa is such an interesting place for eCommerce and online payment.  Talking through the network and web of payment capability across the 54 countries . . .  It is a mission for multinational operators to set up in territory from an online payments perspective and comply with all the regulations of local licensing, crossborder payment permissions, reporting into the central banks, creation and registration of a local legal entity, the need in some cases...
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07 Oct Feedback On Ice Africa - Payments For Licensed Betting And Gambling Companies Across Africa

I recently attended ICE Africa betting and gaming conference to find out what everyone is doing about their payments across Africa and how we can help them.  It's not that easy for betting and online gambling companies to get acquired across the African continent.  Some jurisdictions are more favourable than others.  Betting and online gambling companies looking for payment cross africa have a kind of double negative that makes it difficult for them ...
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01 Oct African Payment Methods for Online Payment and eCommerce Payment

Althought the African scenario when it comes to online payment and eCommerce payments does look a little complex and chaotic, we can strip it down to some basic online payment methods and mobile payment methods that are essential and useful for eCommerce merchants expanding across territories like Kenya, Nigeria and South Africa. For cards, the main territories requiring online acceptance are South Africa and Nigeria.  With Visa and MasterCard acceptance via a...
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