As Africa continues its growth trajectory and foreign investors – financial services organisations and others – seek new investment opportunities across the continent, Africa’s payment systems are becoming an increasingly important topic.
At KPMG, we are focussed on helping both private and public organisations respond to the transformationnow underway across Africa’s payments landscape. That is why we have developed this series on paymentdevelopments in Africa. We believe that, by sharing our insights and knowledge, we can help drive Africa’spayments journey.In our first edition of Payment Developments in Africa, we offered a forward-looking perspective on the paymentchallenges facing Africa’s markets.
We also examined the ‘silent revolution’ now underway across Africa’sfinancial services sector and looked at how Africa’s Financial Technology (FinTech) companies are helpingmarkets leapfrog the legacy challenges faced in other parts of the world.In this edition, we take a closer look at many of these trends and discuss how they are impacting the paymentsector.
This report kicks off with a profiling of Ghana and Tanzania. We then go on to explore how the paymentsector is evolving at a regional level with WAEMU (West African Economic Monetary Union). We then reviewlatest FinTech trends, investment numbers and emerging technologies.
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