28 Nov eCommerce and Mobile Money - The Sweethearts of Sub-Saharan Africa: Who is courting who?

Mobile Money market penetration has been a key driver in catalysing growth of eCommerce sales across the African continent which are expected to grow 75% over 5 years to reach almost $30bn by 2022.   Other drivers are rising middle class incomes, increasing connectivity, financial inclusion, young adult populations, and smartphone penetration  To zoom in on mobile payment capability, there were about 130 mobile money services serving almost 400m mobile mo...
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27 Nov African Online Payment Trends We Can Expect for eCommerce Companies Entering the Territory - Part 3

To continue with the future of Africa and online payments out of the GSMA Report 2019 . . Jesus’ take on the current situation is pretty much playing out as he expected.  So what can we expect next? Collaboration and competition between existing players The next phase of online payments will be about how the existing industry players across Africa will collaborate with each other - banks like Standard Bank, ABSA/Barclays, Ecobank; fintechs; big techs li...
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26 Nov Stats and Insights into Mobile Subscribers and Smartphone Penetration Across Sub-Saharan Africa for eCommerce Companies Looking For Online Payment

Some great insights from GSMA on African mobile and mobile payment services that are relevant for multinational eCommerce companies looking for online payment and eCommerce payment from an African payment provider. There are currently around 500m unique mobile subscribers in Sub-Saharan Africa and smartphone penetration is expected to grow from 39% in 2018 to 66% in 2025.  Mobile internet user growth predictions are from 239m mobile internet users in 2018 to a...
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25 Nov African Online Payment Trends We Can Expect for eCommerce Companies Entering the Territory - Part 2

Continuing the thread on the 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 . . . Cashless society. From my readings, Africa is still awash with cash although many governments are making a concerted effort to digitise finance in their countries.  This is for various reasons like reducing costs, promoting t...
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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...
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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...
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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...
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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...
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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...
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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...
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