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RSS FeedsE-payments for the unbanked are booming
(WorldNews Africa)

 
 

20 september 2020 23:25:13

 
E-payments for the unbanked are booming
(WorldNews Africa)
 


The rapid adoption of digital financial services is touted as a silver lining in the dark cloud cast by the ongoing Covid-19 pandemic. E-commerce is booming, squeezing 10 years of growth in penetration into three months, according to a McKinsey report. While global payments are expected to decline this year in line with a contraction in economic output, more individuals and businesses are adopting electronic payments. Over the last few years, several fintech unicorns have emerged backed by deep-pocketed investors seeking to meet the growing needs of consumers and merchants. In Africa, 2019 was also a bumper year for foreign direct investment into the fintech space, with $679-million in...


 
35 viewsCategory: General > Africa
 
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