Africa’s digital payments projected to reach $1.5 trillion by 2030
- Mastercard's digital payments economy in Africa is projected to reach $1.5 trillion by 2030.
- The MADE Alliance aims to provide digital access to 100 million businesses and individuals over the next decade.
- Mastercard's initiatives include enabling small businesses to accept digital payments through Tap on Phone & SME-in-a-Box.
Mastercard's proactive approach to enhancing financial inclusion in Africa is commendable, as it not only supports economic growth but also empowers underserved communities. However, the success of these initiatives will depend on sustained collaboration with local stakeholders and addressing infrastructural challenges.
