Why Africa’s digital payment landscape is still highly fragmented ...Middle East

The prospect of Africa going cashless has led to a rush to revolutionize the continent’s digital payment landscape. But despite huge investments into the industry over the years and the presence of big players working to shape its infrastructure, the longstanding narrative is that the space is still heavily fragmented.Many payment types in different countries—banks, mobile money wallets, cards—and the difficulty of handling online transactions in different local currencies complicate the processing of digital payments in the continent.“It’s not a problem that’s very easy to solve,” Akshay Grover, the CEO of Cellulant, one of the oldest and largest digital payment companies in Africa, tells Q

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Why Africa’s digital payment landscape is still highly fragmented ...Middle East

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