Exploring the State
of B2B Payments in
Africa Report 2023

Sub-Saharan Africa in view

More than a financial market, the B2B payments sector in Africa is a critical driver of the continent’s economic growth, fostering trade and enabling SME growth. We explore this in detail with this year’s edition of our report.

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Key points
from this year’s report

Automation
Half of the businesses (50.5%) surveyed use semi-automated payment systems
Electronic Bank Transfers
Electronic Bank Transfers are the most favoured way to pay vendors, across all company sizes, with adoption increasing with company size
Kenya
Currently leads the way in payment automation. 83.4% of Kenyans surveyed have either semi-automated or fully automated payment systems.
Invoices
69% of payments made to businesses were received within a week of sending out an invoice
Security
Security is the top priority (27.6%) for companies when selecting B2B software, and it is also deemed the most critical feature (36.3%) within the software
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Top highlights
from this year’s edition

Automation
Half of the businesses (50.5%) surveyed use semi-automated payment systems
Electronic Bank Transfers
Electronic Bank Transfers are the most favoured way to pay vendors, across all company sizes, with adoption increasing with company size
Kenya
Currently leads the way in payment automation. 83.4% of Kenyans surveyed have either semi-automated or fully automated payment systems.
Invoices
69% of payments made to businesses were received within a week of sending out an invoice
Security
Security is the top priority (27.6%) for companies when selecting B2B software, and it is also deemed the most critical feature (36.3%) within the software

We’re incredibly proud of these milestones from last year’s report

500+

Downloads

50+

Countries

3000+

Reach

Some feedback from the 2022 edition

Kudos to the team at Duplo for putting together, this brilliant report on the state of B2B payments in Africa.
Toyor (@Toyor_AE)
Here's of the most interesting data points from @tryduplo's African B2B Payments Report: The major cash replacement as African small businesses grow has been more bank xfers and *paper checks.* An opportunity indeed.
Stephen Deng (@mrstephendeng)
Brilliantly written. Shows deep understanding of their market
Author Ugo Nwokoro (@ugopreneur)

Top Press Mentions from Last Year

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At Duplo, we’re committed to simplifying B2B payments operations across Africa

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