When it comes to internet penetration and adoption of mobile payments, most African countries are still very much below the global average. Even where the internet penetration is improving, the mobile payments adoption rate is still low, meaning an overall lag. For instance, in Kenya where mobile payment adoption is most on the continent, only about 23.1% of the internet users actually use mobile payment methods. So, even though the internet infrastructure allows business owners access a wide market, mostly outside their location, sending and receiving payments with ease still…
Read MoreSQUAD: THE NEXT GENERATION PAYMENT SOLUTION FOR AFRICAN MERCHANTS
