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Transaction volume of selected digital payment platforms in Africa in the financial year 2018/2019 (in billions)

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Source

Release date

March 2019

Region

Africa

Survey time period

April 2018 to March 2019

Citation formats

Transaction volume of digital payment platforms in Africa 2019

Published by ÌÇÐÄÆƽâ°æ Research Department, Dec 8, 2020
In the financial year 2018/2019, M-Pesa was the leading digital payment platform in Africa. In the same year, M-Pesa counted ** billion transactions, which was more than card payments with African cards and PayPal transactions. M-Pesa is a mobile money service launched by Vodafone. As of 2020, M-Pesa operated in seven countries across Africa. Mobile money allows a customer to receive, store, and spend money using a mobile phone. The service can be provided by banks, mobile money operators (MNOs), telecom companies, payment service providers, or similar.
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Payment methods in NigeriaKey indicators of Nigeria's economyE-commerce in NigeriaE-commerce in AfricaMobile money in Africa
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