18 Sep African Payments: Mobile Payments - eCommerce Payments - Fintech in Africa

In Cote d’Ivoire, most school fees are made using mobile money.  As opposed to Cote d’Ivoire, Uganda and Kenya have high levels of mobile money penetration but few schools accept mobile money for payment of school fees.  

Over time there will be a shift from cash to digital payment and agents will service rural areas more effectively

Fintech is alive and well in Nigeria and companies like Paga, Remita and Flutterwave are reporting high volumes of money transfer and processing of transactions.

African credit card processing - Accept online payments from Africa - African ecommerce payments - African ecommerce strategy

Banks and fintech upstarts are cooperating very effectively in Nigeria and this with strict controls by CBN (Central Bank of Nigeria) keeping the digital economy well regulated.

Mobile is king and for example GT Bank sees more customers making 90% of their transactions on their mobile device.

If you are a multinational eCommerce company looking to expand to Africa for your eCommerce payments then contact African Payment Solutions now


Our thanks for inspiration to https://www.businessdayonline.com/nigerian-banks-getting-better-tapping-fintech-talents/
and http://www.cgap.org/blog/schools-africa-aren%E2%80%99t-taking-advantage-mobile-money