Africa’s Digital Payments Economy Projected to Hit $1.5 Trillion by 2030

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Mastercard’s investments will focus on three key areas to further accelerate digital adoption and financial inclusion: enabling Africa’s micro, small, and medium businesses; empowering Africa’s fintech sector; and scaling remittances and cross-border payments.

For further information, read more details here

“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 our investments, expanding innovation, and fostering inclusion, we are helping to build a more connected and accessible digital future,” said Dimitrios Dosis, President of Eastern Europe, the Middle East, and Africa at Mastercard.

Mark Elliot, Division President, Africa at Mastercard, added, “For over five decades, Mastercard has worked alongside African governments, businesses, and communities to advance financial inclusion and economic development. With Africa projected to host nine of the world’s 20 fastest-growing economies, we are focused on leveraging our expertise and technologies to support the continent’s continued digital transformation. Our investments today will help build a more resilient economy for the future”.

Mastercard is partnering with banks, telcos, and other service providers across Africa and internationally to help accelerate fintech growth and expansion in new markets

Mastercard’s investments will focus on three key areas to further accelerate digital adoption and financial inclusion: enabling Africa’s micro, small, and medium businesses; empowering Africa’s fintech sector; and scaling remittances and cross-border payments.

For further information, read more details here

“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 our investments, expanding innovation, and fostering inclusion, we are helping to build a more connected and accessible digital future,” said Dimitrios Dosis, President of Eastern Europe, the Middle East, and Africa at Mastercard.

Mark Elliot, Division President, Africa at Mastercard, added, “For over five decades, Mastercard has worked alongside African governments, businesses, and communities to advance financial inclusion and economic development. With Africa projected to host nine of the world’s 20 fastest-growing economies, we are focused on leveraging our expertise and technologies to support the continent’s continued digital transformation. Our investments today will help build a more resilient economy for the future”.

Mastercard is partnering with banks, telcos, and other service providers across Africa and internationally to help accelerate fintech growth and expansion in new markets

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