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Beyond the banknote: Electronic payment is key to Africa’s economic future
Summary by Ghana Business News
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Beyond the banknote: Electronic payment is key to Africa’s economic future
In West Africa, the financial landscape is rapidly shifting. While cash remains in use, digital payments are now surging, reshaping how businesses and individuals transact. In 2024, Nigeria processed a record ₦1.07 quadrillion ($2.3 trillion) in electronic transactions, a nearly 80% increase from the previous year. In Ghana, mobile money transactions reached GH¢3.02 trillion ($196.7 billion). This growth is evident in everyday commerce, mobile m…
·Accra Metropolis, Ghana
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