As of 2020, card transactions contributed approximately 40 percent to the total market revenue in Africa, which amounted to 15 billion U.S. dollars overall. By 2025, the total market revenue is expected to grow at a compound annual growth rate of 152 percent, with wallets contributing most to this growth. However, both wallet and card transactions are predicted to add the same amount of 15 billion U.S. dollars to the forecasted total of 39 billion U.S. dollars.
Expected total market revenue of electronic transactions in Africa from 2020 to 2025, by type
(in billion U.S. dollars)
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McKinsey & Company. (September 22, 2022). Expected total market revenue of electronic transactions in Africa from 2020 to 2025, by type (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 03, 2025, from https://www.statista.com/statistics/1405912/expected-total-market-revenue-of-electronic-transactions-in-africa/
McKinsey & Company. "Expected total market revenue of electronic transactions in Africa from 2020 to 2025, by type (in billion U.S. dollars)." Chart. September 22, 2022. Statista. Accessed February 03, 2025. https://www.statista.com/statistics/1405912/expected-total-market-revenue-of-electronic-transactions-in-africa/
McKinsey & Company. (2022). Expected total market revenue of electronic transactions in Africa from 2020 to 2025, by type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 03, 2025. https://www.statista.com/statistics/1405912/expected-total-market-revenue-of-electronic-transactions-in-africa/
McKinsey & Company. "Expected Total Market Revenue of Electronic Transactions in Africa from 2020 to 2025, by Type (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Sep 2022, https://www.statista.com/statistics/1405912/expected-total-market-revenue-of-electronic-transactions-in-africa/
McKinsey & Company, Expected total market revenue of electronic transactions in Africa from 2020 to 2025, by type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1405912/expected-total-market-revenue-of-electronic-transactions-in-africa/ (last visited February 03, 2025)
Expected total market revenue of electronic transactions in Africa from 2020 to 2025, by type (in billion U.S. dollars) [Graph], McKinsey & Company, September 22, 2022. [Online]. Available: https://www.statista.com/statistics/1405912/expected-total-market-revenue-of-electronic-transactions-in-africa/
