Global payments firms spend billions on the continent’s fintechs as e-commerce growth picks up
JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in.that have powered a sharp expansion in e-commerce on the continent.
Recent deals have focused on mobile-money operators, which allow users to send funds using simple cellphones, and platforms thatThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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