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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30 Sep African eCommerce Payment: Mobile Money Wallets - Online Payments - Remittances

African online payments mostly operates on a slightly different basis to the vanilla payment gateway model in the rest of the world.  This article is for multinational eCommerce companies who are expanding to and across the African continent and needing to understand how it works. Mobile money is the dominant way to pay in most African continents.  Most countries have a system of “wallets” with mobile network operators.  There is pretty m...
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27 Sep Information for Multinational eCommerce Companies Entering The South African Market and in Need of Online Payments

South Africa is an anomaly when it comes to online payments.  It is a little more like the UK and Europe when it comes to doing business, so communication is easier, and the payments market runs along similar lines. Having said that, South Africa, when it comes to online payments, multinational eCommerce companies entering the market need to bear in mind that South Africa has a Gini coefficient of 0.63 which ranks it as one of the highest income inequality cou...
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26 Sep Convergence of Payment Technologies: Online Payments / Remittances / Wallets - Digital Payments / Analogue Payments

I’m busy with my Msc in Digital Currency thesis “The Next 5 Years in Online Payments Across Africa” and an interesting picture is emerging.   Traditional payments were well siloed into banks, card, alternative payments and payment processors.  Nice and simple with a little bit of overlap between them. The new world of emerging payments is becoming more of a blurry collage of payment elements that are not easily put into boxes. If w...
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25 Sep Investment in eCommerce, eCommerce Payment, FinTech and PayTech Across Africa

Investment in eCommerce and PayTech is accelerating across Africa.  Similar to the development of digital currencies, it is a little chaotic, volatile and yet the fundamentals are growing rapidly .  Deliverability, local literacy, growing middle class incomes, smartphone penetration, the bringing online of local African payment methods, evolvement of African Payment Providers are all contributing to a groundswell of eCommerce and growth in online payments ...
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20 Sep Kenya Online Payment Solutions and eCommerce Payments: Online Credit Card Payments, M-Pesa and Mobile Money Payments

Online firms in Kenya are developing apace.   When it comes to Kenyan online payment solutions, the forerunner M-Pesa has paved the way for eCommerce companies to get paid and to survive and thrive in the Kenyan territory. Kenya is one of the three main hubs for eCommerce merchants expanding into Africa and looking for eCommerce payments alongside Nigeria and South Africa.  Luno crypto exchange is launching in Kenya, affirming the level of smartphone and ...
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19 Sep The Complex Web Of Dynamic And Disparate Payment Methods And Payment Providers Across Africa Can Be Confusing

Whilst researching my Msc in Digital Currencies thesis, “The Next Five Years In Online Payments Across Africa” I realised what a disparate and diverse range of payment companies and payment methods there are across the continent which must be really confusing for merchants. Even as an African I find it really difficult to understand and to believe what some of the payment providers and payments companies across Africa actually do or don't provide. It's ...
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18 Sep Capgemini World Payments Report 2019 - Highlights Impacting eCommerce And Online Payments Across Africa

The latest Capgemini World Payments Report 2019 was released today and here is our interpretation and some of the highlights relating to eCommerce payment and online payment across Africa and implications for payment providers. The proliferation of digital wallets and innovations relating to mobile payments are driving growth in eCommerce and eCommerce platforms across Africa.   Central Europe, Middle East and Africa grew by 19% with markets such as Russia, Tu...
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17 Sep African Payment Provider Report on eCommerce Growth Across The African Continent

Payment Provider for eCommerce across Africa (including Kenya, Nigeria and South Africa), African Payment Solutions reports that eCommerce growth is looking good across the continent. Africa by population is the second biggest continent in the world and its eCommerce is well below 1% of retail as compared to a global average of just under 10%. The growth is fuelled predominantly by digital products and services as opposed to the delivery of physical goods because ...
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16 Sep Fintech Investment and Online Payments Developments Across Africa

With the pedestrian growth of payment systems in developed markets the focus has shifted to emerging markets like Africa in terms of fintech investment.  Private equity and venture capital funds are investing in ventures related to payments and financial inclusion across the African continent. Smaller investments are going into ventures like mobile wallets and larger investments into building and consolidating infrastructure which is driving interoperability b...
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