Payment Ecosystem in the African Markets

Description

The electronic payments industry experiences continuous innovation on a worldwide basis, with new market entrants aiming to grab a share of the market and established players trying to defend and grow their existing business. Africa is no exception to that trend and there is an additional impetus in the region to innovate because of the opportunity to bring large sections of the population that do not currently have access to electronic payment services into the electronic/digital payment world.

There are challenges for the industry because operating margins are always under pressure. Still, the payments sector remains attractive because the market continues to expand and there is an opportunity for players to participate in the transaction value. In a market where the essential currency for payments now seems to be innovation, there are competing views on the current status of the industry and how it should evolve to meet the payment needs of consumers and businesses and provide an adequate return to the companies that invest. The purpose of the Payment Ecosystem in Emerging Markets document is to provide a unique insight into how innovation is occurring and driving the industry forward.