01 Nov Investment into African Fintech is Catalysing the Opportunity for eCommerce Companies Looking to Get Paid by African Consumers

Use of bank accounts in Kenya (31%) and Nigeria (41%) Mobile phone access in Kenya and Nigeria (93%).  Use of mobile money in Nigeria (2%) and Kenya (81%)

Over a billion dollars of private equity is being invested into African businesses over the next 5 years and private equity firms are taking a long view when it comes to investment. Financial services is an attractive industry for them.

More than 1,000 deals were done from 2010 to 2016 and a third of them were into Southern Africa.  

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

Vodacom bought almost 355 shares in Safaricom, Kenya’s biggest and most successful MNO and payment provider of M-Pesa mobile payment method.   Safaricom has a mobile market share of over 70% and almost 20m M-Pesa mobile money users.   

This all bodes well for Africa and bridging the gap between large multinational eCommerce companies expanding to Africa and needing online and mobile payment methods like M-Pesa, Bank Transfer, Verve Debit cards, Airtel money, SID and other local debit cards in Kenya, South Africa and Nigeria.

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 http://www.globallegalpost.com/big-stories/private-equity-set-to-boom-in-africa-86700035/   http://www.africanbusinesscentral.com/2017/05/16/south-africas-vodacom-to-buy-35-of-kenyas-safaricom-from-parent-vodafone/  http://www.indiaspend.com/special-reports/64-of-indians-used-banks-more-than-in-bangladesh-nigeria-pakistan-47587