22 Nov African Online Payment Trends We Can Expect Into The Future for eCommerce Companies Entering the Territory - Part 1

Our research department came across an awesome article describing the emerging fintech trends which I believe are influencing paytech and online payments for eCommerce companies expanding across Africa and looking for payment at the checkout. Appropriately named Jesus, he sees into the future by bringing together last year’s high levels from Capgemini, Boston Consulting Group and McKinsey reports to give us simply great insights into the latest and possibly f...
Read More

21 Nov When it Comes to Online Payments, Does the Fragmented Nature of Doing Business Across Africa have its Advantages?

In terms of eCommerce Payment and Online Payments across Africa, you have probably heard it many times before “Africa is a continent, not a country” and I ask myself the question “Does the Mildly Chaotic and Fragmented Nature of Doing Business Across Africa have its Advantages”. As opposed to the EU where legislation and compliance is relatively homogeneous, Africa is made up of 54 countries, each with its own set of rules and unique approac...
Read More

20 Nov Acquiring With Cards For Online Payments and eCommerce Payments Across The African Continent

Acquiring with cards across many countries for eCommerce payments across Africa is a different dynamic to areas like the EU and the USA.  Africa as a continent is not a single currency zone and doesn’t have the benefits of homogeneous legislation that applies across multiple territories. Africa is a continent, not a country and includes 54 countries with different cultures, currencies, legislation, and payment methods, each having its own requirements fo...
Read More

19 Nov African Online Payments: CBDCs and Stablecoins and their impact on eCommerce Payments

Online payments for eCommerce across the African continent could get interesting based on a recent announcement by BRICS countries Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF). Apparently the BRICS nations South Africa, Russia, Brazil, India and China have been in discussions to introduce a crypto currency for payments and settlements between countries as an alternative rail to the usual Swift payment network. There are a few motivations for t...
Read More

18 Nov Online Payments - Great Conversations at AfricaCom With Champions Of Transformative Payment Technologies Doing Good Things on The Continent

Marcus, the CEO of Luno which already has 3m customers and is an anchoring and transformative financial player across Africa was telling us how their plan is to touch the lives of 1bn people.  The ethos of these companies in all cases had a higher calling to promote financial inclusion and do social good. Ray Yousseff did a great talk on Paxful's rapid growth across the African continent, with bitcoin peer to peer trading and championing the consumer to have t...
Read More

14 Nov Binance Comes To Africa (Part 2) - What Does This Mean For Online Payments Across Africa?

To continue on my previous blog, talking about online payments across Africa and how Binance entering the African continent might impact the way eCommerce and eCommerce payment is done into the future.   I dealt with the impact as a store of value and how this might be a way for African consumers and investors hedge against the volatility and consistent depreciation and sometimes decimation of local fiat currency for example in Zimbabwe.   Anot...
Read More

13 Nov Binance Comes To Africa (Part 1) - What Does This Mean For Online Payments Across Africa?

I wonder how online payments are going to be affected and disrupted across Africa over the next five years.  It could be that in five years time, eCommerce companies expanding across Africa have a new way of getting paid simply, non-jurisdictional and cross border.   Could digital currencies, blockchain, smartcontracts change the way people pay and get paid?  Binance has chosen Africa to expand to starting with Uganda, now Nigeria, and South Afr...
Read More

12 Nov AfricaCom 2019 - The State of PayTech, Online Payments and Payment Providers Across Africa

African commerce is alive and well and a great turnout at AfricaCom 2019.  African Payment Solutions met up with service providers and online payments company founders to discuss the state of the online payments industry. Interviews were had with researchers from UK on the South African online payments market and the recent consolidation of payment providers across the African continent and how it has affected the competitive landscape. A number of paytech ...
Read More

11 Nov Can Banks Really Compete with Mobile Money When it Comes to Online Payment Across Sub-Saharan Africa?

Great article by The Africa Report showing us how the online payments and banking landscape is changing across Sub-Saharan Africa.  Africa is already one step ahead of the game with mobile money which is simpler, cheaper and easier to engage with than the banking systems of the rest of the world. The banks have had a hard time competing with mobile money which sneaked in under the radar to become the dominant way to pay and bring African citizens onto the fina...
Read More

10 Nov Diverse Online Payment Methods Across Africa for Multinational eCommerce Companies

We are experiencing unprecedented demand for online payments for eCommerce for multinational eCommerce companies expanding across Africa.  Developed markets are mature and the opportunity for eCommerce expansion, particularly digital goods and services is growing rapidly. Our focus is sub-Saharan Africa which is an interesting collage of online payment methods.  Africa is often considered like a country, or a homogeneous region like Europe, yet the demogr...
Read More