06 Sep Online Payment: Fintech in Africa Chasing Growth in eCommerce and mCommerce of 2.5 billion Consumers

Fintech is alive and well in Africa.    The motivation is the African drive for financial inclusion for the more than 2.5bn people who are in an exciting growth phase and have limited access to banking.  

Fintech investments are targeting emerging markets which is going down well with investors.  Getting in on the ground floor with financial services across Africa.

The growth in consumerism in Africa is unparalleled, and the growth in financial services to meet this demand has completely overshadowed pedestrian growth of financial services in developed markets.

The ability to pay using M-Pesa and Airtel money in Kenya, Paga and debit card in Nigeria and literally hundreds of other mobile money products is fuelling the growth of eCommerce and mCommerce in these markets.  Multinational ecommerce businesses are looking for a way to get paid to facilitate their expansion across Africa.

African Payment Solutions as a pan-African payment gateway for online payment is connecting the dots by building an increasing network of pan-African payments.  Global ecommerce businesses can link to African Payment Solutions with a single integration and enjoy the benefit of linking to most of the high priority mobile and internet payment methods.

Our thanks  to http://www.finextra.com/news/fullstory.aspx?newsitemid=27705 for their content inspiration