West Africa: A paradise for digital payments & mobile finance opportunities

Digital payments have become a preferred mode of payments in many parts of the world, and the West African region is no exception.

In fact, the growth of digital payment in this region is higher than most of the other regions.
But how all did happen? In this blog, we will study the digital payment and mobile finance in the West African region – It’s opportunities, advantages, challenges, and all-important stats. So, let’s begin!

The surge of mobile adoption in West Africa

As per the West Africa mobile economy report presented by GSMA, it shows that the mobile adoption in the West Africa region has almost doubled from 28% at the start of this decade to 47% in 2017.
This is exactly what reflects in the West Africa mobile revenue as shown in the graph below.