By the year 2025, revenue from offline and online electronic payments in Africa is expected to grow by 152 percent. A total of about 15 billion U.S. dollars was reported in 2020, and is predicted to increase to around 39 billion U.S. dollars in 2025. Offline payments are largely the preferred method of payment.
Revenue growth from electronic payments in Africa from 2020 to 2025
(in billion U.S. dollars)
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McKinsey & Company. (September 7, 2022). Revenue growth from electronic payments in Africa from 2020 to 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 22, 2025, from https://www.statista.com/statistics/1405174/revenue-growth-from-electronic-payments-market-in-africa/?__sso_cookie_checker=failed
McKinsey & Company. "Revenue growth from electronic payments in Africa from 2020 to 2025 (in billion U.S. dollars)." Chart. September 7, 2022. Statista. Accessed January 22, 2025. https://www.statista.com/statistics/1405174/revenue-growth-from-electronic-payments-market-in-africa/?__sso_cookie_checker=failed
McKinsey & Company. (2022). Revenue growth from electronic payments in Africa from 2020 to 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 22, 2025. https://www.statista.com/statistics/1405174/revenue-growth-from-electronic-payments-market-in-africa/?__sso_cookie_checker=failed
McKinsey & Company. "Revenue Growth from Electronic Payments in Africa from 2020 to 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Sep 2022, https://www.statista.com/statistics/1405174/revenue-growth-from-electronic-payments-market-in-africa/?__sso_cookie_checker=failed
McKinsey & Company, Revenue growth from electronic payments in Africa from 2020 to 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1405174/revenue-growth-from-electronic-payments-market-in-africa/?__sso_cookie_checker=failed (last visited January 22, 2025)
Revenue growth from electronic payments in Africa from 2020 to 2025 (in billion U.S. dollars) [Graph], McKinsey & Company, September 7, 2022. [Online]. Available: https://www.statista.com/statistics/1405174/revenue-growth-from-electronic-payments-market-in-africa/?__sso_cookie_checker=failed
