Driving Digital Financial Services in Africa Through Merchant Acceptance of Digital Payments

The adoption of digital payments by merchants in Africa has the potential to accelerate access to and usage of digital financial services. In an enabling environment, digital payments can enable enterprises to grow their businesses, increase account usage, and enable financial institutions to build products around savings, credit, and insurance, suitable for the segment.

This report analyzes the current digital payment landscape in Africa and offers key recommendations to regulators for developing enabling payment policies that drive innovation.