Is there Revenue Potential by Shifting Cash to Digital in Africa?

The Gallup data show that, currently, an average of 54 percent of adults in sub-Saharan Africa make one or more long-distance payments in a given month, totaling approximately five billion transactions annually. The total volume of these flows is roughly
$760 billion, and conservatively 50 to 60 percent of the transactions are in cash (its likely closer to 70-80%). With a conservative estimate of revenues at 2 percent of volume, this results in annual revenues of about $6.6 billion from electronic payments.

GIBS Information Centre / GIBSIC‘s insight:

Bill&Melinda Gates Foundation – Financial Services for the Poor

See on

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s