• Latest
  • All
  • How To
Mobile Payments

Africa’s Digital Revolution: Mobile Payments Power E-commerce Boom

February 9, 2024
Bitchat

Jack Dorsey Launches Bitchat, a Bluetooth-Only Messaging App

July 10, 2025
YouTube AI slop is getting demonetized

YouTube Declares War on Low-Effort AI Videos via Demonetization

July 10, 2025
Why Can'y You Register a Safaricom SIM Card After 7 PM

Why You Cannot Register a Safaricom SIM Card After 7 PM

July 10, 2025
Former Safaricom Chief Enterprise Business Officer, Cynthia Karuri-Kropac

Frankline Okata Takes Over as Cynthia Karuri-Kropac Exits Safaricom PLC

July 10, 2025
DHgate Tablet Cases deals
AI

OpenAI and Perplexity Launch Browsers to Rival Google Chrome

July 10, 2025
Vivo-Y29-4G

Vivo Y29 Launches in Kenya at KES 23,999

July 10, 2025
galaxy z fold7-galaxy z flip7-samsung

Samsung Unveils Galaxy Z Fold7 and Z Flip7 with Bigger Screens

July 10, 2025
GTA VI

Rockstar May Be Testing 96-Player Servers for GTA 6

July 10, 2025
Former X CEO, Linda Yaccarino

Linda Yaccarino Steps Down as CEO of X After Two Years

July 9, 2025
Apple-WWDC25-iOS-26

iPhone Users Are Not Too Happy With the iOS 26 Liquid Glass Design

July 9, 2025
Official document handover by Bernard Mwonyonyo and Habib Lukaya from Roam.

E-Mobility in Kenya Gets a Lift with New Bike Financing Program

July 9, 2025
Samsung

This Samsung Security Update Could Change How You Use Your Phone

July 9, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Africa’s Digital Revolution: Mobile Payments Power E-commerce Boom

Techweez by Techweez
February 9, 2024
in News
Reading Time: 2 mins read
268
0
Mobile Payments

Africa is undergoing a digital revolution, with its e-commerce sector poised for explosive growth. A new report by EBANX, a leading payment platform, paints a vibrant picture of a continent rapidly embracing online shopping, fueled by a surge in mobile payments and a burgeoning consumer class.

Key insights:

  • Market on fire: Africa’s digital commerce market is expected to reach $72 billion by 2026, with a phenomenal 25% annual growth rate, compared to just 13% in developed countries. This explosive growth showcases the immense potential of the African digital landscape.
  • Mobile payments reign supreme: Unlike other developing regions, Africa stands out with its domination of mobile payment methods (69% vs. 31% cards) for digital purchases. Services like mobile money are bridging the financial gap and driving widespread inclusion.
  • B2B goes digital: The adoption of B2B digital payments is rising rapidly in Africa, along with other developing economies. By 2027, these regions are expected to account for a whopping 40% of the global B2B online payment market, highlighting the shift towards seamless and efficient business transactions.
  • Beyond mere transactions: EBANX emphasizes that their platform goes beyond simply processing payments. They aim to increase sales and create smooth purchase experiences for both businesses and their clients in emerging markets.

Factors driving the boom:

  • A youthful and tech-savvy population: Africa boasts the world’s youngest population, eager to embrace digital solutions and online shopping.
  • Increased internet penetration: With internet access expected to become nearly universal in some regions by 2028, the digital landscape is rapidly expanding.
  • Growth of B2B marketplaces: Platforms connecting businesses across borders are streamlining transactions and reducing costs, fostering regional economic growth.

The African context:

While cash remains a significant player in African digital commerce, mobile payment solutions are paving the way for a cashless future. This highlights the unique trajectory of emerging markets where technology can leapfrog traditional barriers and drive financial inclusion.

Looking ahead:

Africa’s digital revolution is just beginning. The continent’s vibrant e-commerce landscape, shaped by innovative mobile payments and a young, tech-savvy population, will undoubtedly play a major role in redefining the future of global commerce and B2B transactions.

By understanding the unique dynamics of Africa’s digital transformation, we can gain valuable insights into the evolving global landscape of e-commerce and payments, shaping a more inclusive and connected future for all.

By Dayvee Ngugi

Tags: E-CommercePayment System
SendShare149Tweet93
Techweez

Techweez

Techweez is an award winning Tech blog, top 100 gadgets blog and leading technology news site in East Africa. Follow us for exclusive interviews and authoritative stories on Technology. Talk to us at [email protected]

Related Posts

Axian Telecom Considers Full Acquisition of Jumia

Axian Telecom Is Plotting a Full Buyout of Jumia

July 3, 2025
Unified Payment Interface

CBK’s New Fast Payment System Plan Could Rival M-Pesa

June 24, 2025
Black Friday 2024 Digital Fraud Report

Digital Fraud Drops Globally During Black Friday Shopping Season

December 17, 2024
CBK FPS

CBK Working on Fast Payment System For All Banks & Fintechs

October 18, 2024
The Courier Guy is South Africa’s leading courier service provider.

The E-commerce Revolution in South Africa: How The Courier Guy is Adapting to Thrive

June 13, 2024
study of e-commerce in African markets

E-Commerce Surges In Africa But Trust Remains a Big Challenge

October 13, 2023

Latest

Bitchat

Jack Dorsey Launches Bitchat, a Bluetooth-Only Messaging App

July 10, 2025
YouTube AI slop is getting demonetized

YouTube Declares War on Low-Effort AI Videos via Demonetization

July 10, 2025
Why Can'y You Register a Safaricom SIM Card After 7 PM

Why You Cannot Register a Safaricom SIM Card After 7 PM

July 10, 2025
Former Safaricom Chief Enterprise Business Officer, Cynthia Karuri-Kropac

Frankline Okata Takes Over as Cynthia Karuri-Kropac Exits Safaricom PLC

July 10, 2025
AI

OpenAI and Perplexity Launch Browsers to Rival Google Chrome

July 10, 2025
Vivo-Y29-4G

Vivo Y29 Launches in Kenya at KES 23,999

July 10, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Jack Dorsey Launches Bitchat, a Bluetooth-Only Messaging App

July 10, 2025

YouTube Declares War on Low-Effort AI Videos via Demonetization

July 10, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

Samsung Unveils Galaxy Z Fold7 and Z Flip7 with Bigger Screens

Rockstar May Be Testing 96-Player Servers for GTA 6

Linda Yaccarino Steps Down as CEO of X After Two Years

iPhone Users Are Not Too Happy With the iOS 26 Liquid Glass Design

E-Mobility in Kenya Gets a Lift with New Bike Financing Program

This Samsung Security Update Could Change How You Use Your Phone

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.