04 Jun VIDEO: Talking African Payments, African Smartphone Ownership and Demographics

Posted at 11:12h

 

NOTES FOR VIDEO:  

 

Smartphones

  • Few smartphones but rapid growth 
  • Sub-Saharan Africa smartphone usage is 34% vs global average (59%) 
  • adoption rate is growing rapidly. 
  • 250 million smartphone connections in 2017,
  • Expecting  67% smartphone ownership by 2025. 
  • South Africa has the highest smartphone usage of 51% owning a smartphone.

 

Governments exploring digital currencies 

  • In addition to the trend towards mobile, there is a growing movement from governments towards digital currencies. Tunisia, Senegal, Ghana and Rwanda are exploring the development of their own CBDCs. 

 

Demographics 

  • The continent is home to 1.27 billion people, 
  • 17% of the global population. 
  • Africa’s population is far younger and growing at a much faster rate. 
  • Africa’s median age is just 18 
  • 97% of Sub-Saharan Africa’s population is below the age of 65, 
  • and the population is growing at 2.7%, 
  • which is one and a half times higher than the global rate.

 

Our services include: 

  • Nigeria
    • Online payment solutions
    • Credit card payments
    • eCommerce payments
    • Payment provider
    • Payment gateway

 

  • Kenya
    • Online payment solutions
    • Credit card payments
    • eCommerce payments
    • Payment provider
    • Payment gateway

 

  • South Africa
    • Online payment solutions
    • Credit card payments
    • eCommerce payments
    • Payment provider
    • Payment gateway