The state of Africa’s payment ecosystems

Africa’s payment landscape is undergoing a profound transformation, driven by digital innovation, regional integration efforts, and evolving geopolitical dynamics. While domestic payment systems have achieved notable success, particularly through mobile money and digital wallets, cross-border interoperability remains a challenge. “Unlocking the full potential of Africa’s payments systems – and, by extension, its economies – requires harmonised policy, resilient infrastructure, and a more attractive investment climate,” says Vickey Ganesh, Head of Payment Modernisation, Innovation and Transformation at Absa CIB.
This research report examines the intricate architecture of Africa’s payments ecosystem, highlighting the current opportunities and constraints that will shape its future trajectory.

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