Africa’s cross-border payments market is projected to triple in size over the next decade, reaching $1 trillion by 2035, up from $329 billion in 2025, according to a new report by Oui Capital, an Africa-focused venture capital firm.
The sector is expected to grow at a compound annual growth rate (CAGR) of 12%, driven by fintech innovation, intra-African trade expansion, and soaring mobile money usage.
However, the report noted that despite its immense potential, the market remains riddled with structural inefficiencies that cost businesses and consumers billions of dollars annually.
Read more at Nairametrics
The sector is expected to grow at a compound annual growth rate (CAGR) of 12%, driven by fintech innovation, intra-African trade expansion, and soaring mobile money usage.
However, the report noted that despite its immense potential, the market remains riddled with structural inefficiencies that cost businesses and consumers billions of dollars annually.
Read more at Nairametrics