This is based on the outcome of a Mastercard-commissioned report handled by Genesis Analytics.

Mastercard said it is committed 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 aimed to enhance digital connectivity, expand economic opportunities, and enable millions of people and businesses to thrive in the digital economy.

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

Dimitrios Dosis, President of Eastern Europe, Middle East and Africa at Mastercard, said: “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 build a more connected and accessible digital future.”


https://guardian.ng/business-services/business/regional-digital-payment-economy-to-hit-1-5tr-in-five-years/