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Country

October 24, 2024

Ghana

Ghana has plans to largely eliminate cash transactions and aims to become Africa’s largest digital economy. While this may sound ambitious, it is certainly within the realms of possibility. The current stats reveal that cash usage is growing. But so is the usage of digital/online payment modes. The most significant of which is mobile money, which is being used roughly twice as much as cash. Payment apps available in Ghana like Slydepay. Slydepay works for individuals, it allows customers to pay bills, send money, pay airtime & data.

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Country

June 19, 2024

Kenya

Cash is the primary payment method used in online retail in Kenya, accounting for 40% of the total share, while card payments represent 25%. Credit and debit cards are accepted by most of the digital platforms in the country.

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Country

October 24, 2024

Egypt

Most of the people in Egypt use Cash payment, 94% of the population. In second place stand cards like VISA and MASTERCARD. Credit and debit cards are becoming more popular but are still limited to urban areas and the younger, more affluent population. Digital wallets are gaining popularity, with several platforms such as Fawry, Meeza, Paymob, Momkn, Masary, and Aman providing convenient and secure payment options for individuals and businesses.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 24, 2024

Angola

In recent years, Angola has experienced significant growth in its economy, largely driven by its abundant natural resources and expanding telecommunications sector. As a result, the country has witnessed considerable changes in its financial landscape, with a variety of payment methods becoming increasingly popular among businesses and consumers alike. Traditional forms of payment, such as cash and checks, are now being supplemented or even replaced by more modern and convenient alternatives, such as electronic funds transfers and mobile money platforms.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 24, 2024

Cote d'Ivoire

Most of the people in Cote d'ivoire use cash. The GDP of the country is 27 billion dollars. Population is 27 million people. ‍Ivory Coast, just a few customers have bank cards.This reluctance can also be explained by the fact that Ivorians prefer to place their savings or investments in systems that offer better returns. Currently, there is little incentive to open and manage a bank account for a number of reasons, notably costly transport to get to a bank, lost time standing in line, and expensive bank transaction fees.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

June 24, 2024

Republic of the Congo

Cash is the most commonly used payment method in the Republic of Congo, especially for smaller transactions. Credit and debit cards are accepted in some larger establishments, such as hotels, restaurants, and supermarkets, but they may not be widely accepted in smaller shops or markets.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

November 20, 2024

South Africa

In South Africa, for example, a variety of payment methods cater to the diverse needs of the population. These methods include traditional banking services, mobile wallets, and digital payment platforms such as SnapScan and Zapper. As these payment systems continue to evolve, they contribute to the region's financial inclusion by providing access to essential services for both banked and unbanked individuals. Additionally, the adoption of such payment methods in South Africa showcases the broader trend towards digitalization and enhanced financial access within Africa as a whole.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 24, 2024

Nigeria

Nigeria has the largest economy in Africa and 24th largest in the world. 200 million people live in Nigeria. ‍It's interesting to note that despite the availability of electronic payment options, cash remains the preferred payment method in Nigeria. It's also important to consider the low credit card penetration in the country, which could be a factor in the continued use of cash.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 24, 2024

Ethiopia

Cash remains the dominant payment method in Ethiopia. There aren't statistics or data of how many people use it. While the use of mobile money and other digital payment methods is growing in Ethiopia, we know that there are over then 12 million people using mobile money. Passengers travelling from different African countries can make payment by using their mobile phone. Customers opting to pay in their mobile account can select the mobile payment option from the payment page and after confirming payment via SMS and email.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 24, 2024

Uganda

The latest statistics from Bank of Uganda (BOU) indicate that growth in electronic payments, comprising mobile money and Real Time Gross Settlement (RTGS) transfers recovered strongly in 2020 and 2021, at 18% and 26% respectively, after sluggish growth in 2018 and 2019, respectively of 12% and 6%. This recovery is due to the impact of restrictions during COVID-19 related lockdowns as well as legal/ regulatory reforms aimed at reducing the dependence on cash in the Ugandan economy.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 24, 2024

Tanzania

As of 2021, cash is still the most widely used payment method in Tanzania, especially in rural areas where electronic payment infrastructure may not be available. According to a report by the Bank of Tanzania, in 2020, cash withdrawals from ATMs and over-the-counter transactions accounted for about 89% of total transactions in the country.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

June 19, 2024

Morocco

Morocco is a country located in North Africa with a population of over 37 million people. The payment habits in Morocco have evolved over time, and while cash is still widely used, electronic payments are becoming more popular. Cash payments account for more than 74% of the eCommerce sales.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Choose the country of your interest

Ghana

Kenya

Egypt

Angola

Cote d'Ivoire

Republic of the Congo

South Africa

Nigeria

Ethiopia

Uganda

Tanzania

Morocco