Digital payments to power Africa’s $1 trillion cross-border market by 2035, Oui Capital says
Africa's cross-border payments market is projected to reach $1 trillion by 2035, up from $329 billion in 2025. Remittance inflows in Africa hit nearly $100 billion in 2023, accounting for 5.2% of the continent's GDP.
The Real Test for Mobile Finance in Africa
Africa's youth are influencing innovation in financial services through mobile technology. Nearly 30% of adults in developing economies remain unbanked, with financial exclusion affecting women and rural populations.
Fintech Duo Collaborate to Tackle Remittance Costs in Africa
Sub-Saharan Africa has the highest remittance costs globally, averaging 8.72% for sending $200 in 2022. 52% of adults in sub-Saharan Africa lack access to formal financial services.
Tala lays off 28 staff as loan defaults and customer queries fall
Tala laid off 28 employees from its customer operations team due to reduced workload. The layoffs were attributed to fewer loan defaults and a drop in customer support queries.
Africa’s digital payments projected to reach $1.5 trillion by 2030
Mastercard's digital payments economy in Africa is projected to reach $1.5 trillion by 2030. The MADE Alliance aims to provide digital access to 100 million businesses and individuals over the next decade.
