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Could innovation in payments and e-commerce expand intra-African trade?


Could innovation in payments and e-commerce expand intra-African trade?
10 Mar 2021
Last month, one of the world’s largest trade accords, the African Continental Free Trade Area (AfCFTA) covering more than a billion people and with a GDP of greater than $3-trillion, went live. Experts predict that removing tariffs alone could boost trade between African countries by 15% ($50-billion) to 25% ($75-billion) by 2040. 
As governments, corporations and SMEs grapple with implementation to capitalise on the expected increase in interregional trade, it is important to ensure the benefits of expanded trade between nations on the continent positively impact more Africans. The answer may lie in a digital payment revolution sweeping across the continent. ....

United Kingdom , Safaricom Mpesa , Nigeria Interswitch Group , Brookings Institute , African Continental Free Trade Area , Interswitch Group , Quickteller Business , Saharan Africa , Apple Pay , Big Tech , ஒன்றுபட்டது கிஂக்டம் , ப்ரூக்கிங்ஸ் நிறுவனம் , ஆப்பிள் செலுத்த , பெரியது தொழில்நுட்பம் ,

The BackEnd: MFS Africa is building Africa's largest money transfer network


From Benin with a burden
Okoudjou is based in South Africa and travels often around the continent. He’s from the Yoruba-speaking tribe in Benin Republic. 
While growing up in the small West African nation, he remembers noticing that most of the things they bought or sold crossed borders with Nigeria. That meant money was often exchanged between residents in both countries, sometimes involving relatives sending money to loved ones on the other side of Seme. 
More often than not, the money transfer process was a chore.
This lived experience would define MFS Africa’s mission when Okoudjou founded it in 2009.  ....

United Kingdom , South Africa , Al Qahirah , Econet Ecocash , Safaricom Mpesa , West African , Dare Okoudjou , East Africa , Cape Town , ஒன்றுபட்டது கிஂக்டம் , பணம் கிராம் , கேப் நகரம் ,