The offering is the latest from Google’s Next Billion Users division, an internal effort to make internet services more accessible to people in countries where technology infrastructure is not as fast or affordable as in the United States or Western Europe.
Africa’s tech ecosystem is huge, yet it barely scratches the surface when compared with those of China, India, Brazil and other emerging markets. In 2006, India and China accounted for only 2 percent of global-deal value. More than a decade later, the two biggest emerging markets now account for nearly 25 percent, with India and China firmly on the list of the top 20 startup ecosystems in the world.
The World Payments Report 2017, produced by global IT consultancy Capgemini and BNP Paribas, the banking group, also estimates that volumes generated by emerging economies will grow by 19.6% – or three times the rate of mature economies.
- Inclusive Fintech