25 May African continent: Mobile Connectivity - Mobile Payments - The Mobile Commerce Opportunity in Africa

Accepting online payments from Africa - African eCommerce payments - African eCommerce payment strategy

Mobile payments in Africa are here to stay so multinational eCommerce companies need to get linked and grow their eCommerce businesses with the expansion of mobile payment capability across the continent.  

eCommerce is starting to take off in Africa, making up between 1-3% GDP in seven sub-Saharan African countries, and with further predictions indicating that it will make up to 10 percent of total retail sales in key markets by 2025, a 40% annual growth over the next 10 years.

The number of mobile internet subscribers has tripled over the last five years. By the end of 2015, 300 million mobile internet subscribers were registered, and an additional 250 million are expected by 2020.  

Mobile payment is a catalyst for economic growth both internally and cross border.  Africa has proven that the simplicity and low cost of mobile payment methods can achieve mass adoption. Most GDP’s in countries in Africa are driven by mobile connectivity and payment.

Multinational eCommerce companies wanting to sell to and get paid by African consumers can grow their eCommerce consumer base through a single integration to African Payment Solutions.  African Payment Solutions is adding new payment methods as and when eCommerce demand make them viable.

Africa is number three in the world in terms of mobile subscribers and half of Sub-Saharan African consumers are mobile connected.  Which means that most of these have access to a mobile payment service.

If you are a multinational wanting to sell to and get paid by African consumers online then a connection to African Payment Solutions collecting PSP will be a step in the right direction for you in terms of eCommerce and mCommerce payment in Africa.


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