“This post first appeared on All Payments Live. Excluding South Africa, Sub-Saharan Africa currently has less done 30 million bank cards in circulation, yet there are over 150 million mobile wallets out there with an estimated $90 billion in transaction value. Banking penetration is generally on the low side, and yet a good indication of…”
Excellent Article!
The Payments Industry is the next big thing in the financial sector and there has to be a focus on the following:
- what can be done to ensure the sector develops effectively?
- How can this be achieved?
these questions bring to mind the importance of global regulations such as MasterCard and Visa Scheme Rules used by the Card Payment Processors and Acquirers.
this sector is developing at a fast pace on the African Continent and we should consider how to streamline the process.
Janice Acquaah (Regulatory Policy, Vanquis Bank Ltd)