Africa provides a significant opportunity for digital merchants as smartphone ownership is growing quickly and people are already used to making payments on their phone - there are over 250 million e-wallet accounts registered in Africa.
Fortumo’s carrier billing platform also enables a similar amount of end-users from Egypt, Kenya, Morocco, Nigeria and South Africa to make payments online without the need for a credit card. Two of these countries (Egypt & South Africa) are estimated to be among the top 10 fastest growing mobile markets during this year.
If you’re attending Cards & Payments Africa make sure to also drop by Fortumo founder Rain Rannu’s presentation “Mobile payments: the new normal?” during the second day of the event.
See you in Johannesburg!