Wednesday
November 11
2020

Viewpoint: Africa: why digital payments are key to financial inclusion

By Murray Gardiner

Every day, hundreds of millions of payment transactions are completed across the African continent. They’re done using myriad technologies including cards, mobile money, and digital payments.

By far the most, however, are in cash. Each of these competing payments is trying to dominate and defeat cash, with siloed “winner takes all” consumer payment offers, but which payment type can most effectively promote financial inclusion, helping grow economies and jobs along the way?

Photo courtesy of Xresch. 

Source: VentureBurn (link opens in a new window)

Categories
Finance, Technology
Tags
digital payments, financial inclusion, financial services, job creation, technology