02 Aug Online Payment: Kenyan Market Ripe for Gaming, Binary, Software Downloads and Music Streaming

The Kenyan consumer market is ripe and ready for international goods and services.  Multinational merchants can enjoy the rapid growth of this “consumer rising” market as a result of population growth, young and well connected consumers, rising incomes, and ability to get paid via local mobile payment methods.Having said all of the above, it is not all plain sailing.  But is is becoming much easier.  For example, multinational merchants ca...

01 Aug eCommerce Payment in Africa: Hitch a Ride on the Back of a Connected Online African Economy

There is a big drive in Kenya for public-private partnerships to stimulate economic activity and bring the community in contact with the opportunity to develop businesses that will transform society.  Safaricom transformed Kenya’s economy as the most successful mobile payment platform in the world.  Their payment method M-Pesa facilitates consumer transacting enabling depositing, withdrawing and transferring money.  Consumers can also pay multin...

28 Jul Online payment in Africa: eCommerce in South Africa, Ghana, Tanzania

To continue our discussion on eCommerce in Africa linked to online payment.South Africa is a mature market for eCommerce and online payment in Africa.  African Payment Solutions payment gateway is linked through a single integration to all acquiring banks and alternative payment methods with a close to 100% coverage of anyone in a position to buy online in South Africa.  Global companies looking for a pan-African solution can enjoy the simplicity of a sing...

27 Jul Online Payment Africa: Which Countries in Africa are Ready for eCommerce and Why

African eCommerce is on the up and up, paving the way for multinationals to sell to the growing African consumer market.  African entrepreneurs have the advantage of leapfrogging their European compatriots as a result of their on the ground knowledge and low cost structures.  The fast track growth of eCommerce businesses throughout Africa supported by governments and development organisations is getting consumers used to transacting online and connecting l...

26 Jul Online Payment Kenya: Mobile Payment Methods Overshadowed Card Payments

Kenyan mobile money revenues are up from an annual average KES 2.2tr to KES 2.6tr in 2015 as more and more businesses link to mobile payment methods like M-Pesa in the country.  M-Pesa is now linked as an eCommerce payment method through a single integration to African Payment Solutions, a world class payment gateway hosted in the Amazon Cloud.Global eCommerce businesses can now link to M-Pesa mobile payment method in Kenya and open up for business to this cons...

06 Jul M-Pesa Got a Head Start as an eCommerce Mobile Payment Method in Africa

You can’t be in Africa with payments without M-Pesa.  Founded by Safaricom, a member of the Vodafone stable, in Kenya in 2007, M-Pesa is a mobile payment method that enables mobile subscribers to transfer money between each other and now via African Payment Solutions to pay bills online for eCommerce purchases.M-Pesa is effectively a wallet that consumers can use to deposit money and pay for goods and services as you would do with a bank account, but quic...

05 Jul Doubling of African Millionaires Bodes Well for eCommerce Boom and Online Payments

Who says Africa is behind when it comes to affluence.  Dollar millionaires are being created fastest by Mozambique on the African continent who are closely followed by Cote d’Ivoire and Zambia.  The number of dollar millionaires is 2,200 Mozambique and Ivory Coast 4,800.Dollar Millionaire growth in Africa is double the rate of the global average.  South Africa and Egypt are way ahead with 46,800 and 20,200 respectively.Generally the wealth in Af...

29 Jun Airbnb Good Example of eCommerce Expansion and Opportunity Created by Online Payment in Africa

Kenyan mobile money is on the up and up.  Kenyan mobile money volumes are at an annualised $30bn and growing.  Kenya is the top mobile money nation in the world and mobile money spend by its almost 30m mobile money subscribers grew $4bn last year.M-Pesa with a market share of 90% is leading the market of the 7 mobile money providers.  M-Pesa is now linked as a payment method on African Payment Solutions for online payment by local Kenyan consumers buy...

28 Jun African Appetite for Fast Track Mobile Connectivity and Mobile Money Online Payment

Africans have an increasing appetite for better technology, and providers are finding more economical solutions to providing it.   Smartphone penetration in Africa will be one of the fastest transitions in tech history as cost effective technology meets the hunger for being connected and exploring and consuming information and entertainment.The top seven mobile operators have between them almost 200m mobile consumers and are rapidly munching their way thro...

27 Jun Mobile Money Trumps Bank Payment for eCommerce Online Payment in Africa

More than 80% of Africans have access to mobile phones and less than 25% have a bank account.  Go figure what this means for multinational merchants who want to sell goods and services to African consumers.  Africans have leapfrogged traditional and mobile banking services as a result of telco mobile banking and payment facilitation.  Pretty much every mobile consumer in Africa can use it as a “banking” mechanism whether it is M-Pesa or Ai...