Africa’s digital payments market is growing rapidly, driven by increasing financial inclusion. According to a McKinsey report published in 2022, Africa’s domestic e-payments market is expected to grow by approximately 20% annually, reaching around R720 billion by 2025. Nearly half of all payment transactions in Africa could transition to digital by that time, fuelled by the widespread adoption of mobile payments and digital wallets.

Mobile payments are transforming Africa’s financial landscape by bridging gaps for underserved populations, enabling easier access to financial services, and reducing reliance on cash. These solutions empower individuals and businesses to transact securely, drive economic growth and foster a dynamic, inclusive financial ecosystem.

Businesses that embrace these trends can unlock significant opportunities for innovation, expansion and resilience in the fast-evolving digital payments market.