Africa Mobile Payment Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the Africa Mobile Payment Market size is predicted to reach USD 12.77 billion, with a CAGR of 16.2% by 2030.

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The high adoption of smartphones and growing internet penetration are pivotal drivers of the mobile payment market growth in Africa.

The rise of fintech and digital banking significantly propels the Africa mobile payment market demand. Fintech innovations and digital banking services offer streamlined and user-friendly financial solutions accessible via mobile devices.

Various market players operating in the Africa mobile payment industry include Alphabet, Inc. (Google), Alibaba Group Holdings Limited, Amazon.com, Inc., Apple, Inc., PayPal Holdings, Inc., Visa, Inc., Tencent Holdings Limited (WeChat), MasterCard International, Inc., Samsung Electronics Co. Ltd., Block, Inc., and others.