We’re happy to announce the launch of the second edition of The State of B2B Payments in Africa Report.
Building on the first edition, we zoomed in on four top markets. This year’s report is a comprehensive study of the business payments landscape in Sub-Saharan Africa. It is based on a survey of over 1,250 founders and finance professionals in Ghana, Kenya, Nigeria, and South Africa.
Some key highlights:
In the first edition of our State of B2B payments report, we uncovered that the biggest hindrances to making B2B payments in Africa are high transaction fees and manual processes. These, coupled with the slow speed of business transactions, presented themselves as the biggest challenges facing African companies that regularly make business payments.
We also noticed a shift in payment methods, from traditional mediums like cash and mobile money to digital methods, predominantly bank transfers and mobile money. This transition from cash-based transactions suggests that beyond the clamour for digitised payments, African businesses want payment processes that are effective and efficient, rather than digital payments just for the sake of it.
In this year’s report, we have dug deeper to discover the key trends in the African B2B payment landscape, captured in these broad themes:
Download your copy today and find key insights to help you make informed choices for your financial operations. We hope that you will find this report to be a valuable resource.
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