Mastercard Fuels Africa’s $1.5 Trillion Digital Payment Boom

Mastercard is driving Africa’s digital payments growth through fintech investments, MSME support, and cross-border solutions, shaping a $1.5 trillion economy. Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030. As a longstanding technology partner to Africa, Mastercard continues to strengthen its commitment to the continent’s digital growth through strategic investments, public-private partnerships, and innovation initiatives that drive financial health and economic growth. By fostering collaboration with key stakeholders, Mastercard aims to enhance digital connectivity, expand economic opportunities, and enable millions of people and businesses to thrive in the digital economy. Driving Africa’s digital growth Mastercard’s investments will focus on three key areas to further accelerate digital adoption and financial inclusion: 1. Enabling Africa’s Micro, Small and Medium Businesses (MSMEs) 2. Empowering Africa’s fintech sector 3. Scaling remittances and cross-border payments Africa is filled with immense possibilities, and its people have the potential to shape the global economy in the decades ahead. Mastercard remains deeply committed to driving digital transformation across the continent, working closely with entrepreneurs, merchants, banks, start-ups, telcos, and governments. By increasing […]

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