Mar 30, 01:19 PM

Africa's Digital Payments Market to Reach $1.5 Trillion by 2030 Amid 1,200% Cryptocurrency Growth, Says Mastercard

Africa's digital payments market is projected to reach $1.5 trillion by 2030, according to a report from Mastercard. This growth is attributed to increased internet access and improved financial service availability. Additionally, the region is witnessing a surge in cryptocurrency adoption, driven by economic volatility and a demand for remittance solutions, with the crypto market having grown over 1,200% between July 2020 and June 2021. Decentralized finance (DeFi) platforms such as Bamboo and Chipper Cash are also contributing to wealth creation by expanding investment opportunities and credit access for the underbanked.

#Africa #Mastercard #Bamboo #Chipper Cash

Written with ChatGPT (GPT-4o mini).

Sources

#AFRICA24@AFRICA24TV
10 months ago
Le secteur des paiements numériques en #Afrique atteindra 1,5 trillion de dollars d’ici 2030, selon un rapport de Genesis Analytics. Cette croissance impressionnante est soutenue par la rapide pénétration d’Internet et l’inclusion financière, qui propulsent l’ascension fulgurante https://t.co/vODa5LeCrc
ORF@orfonline
10 months ago
Decentralised Finance (#DeFi) is unlocking #wealth creation in #Africa. Platforms like Bamboo and Chipper Cash enable investment in #globalmarkets, while decentralised lending expands credit access for the underbanked. @deltitusbawuah https://t.co/7Ef0xP8LwL
SABC News@SABCNews
10 months ago
[WATCH] Africa's digital payments market is expected to grow to $1.5 trillion by 2030 https://t.co/NuXNkPSHJP

Africa's Digital Payments Market to Reach $1.5 Trillion by 2030 Amid 1,200% Cryptocurrency Growth, Says Mastercard

Sources

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