Record-breaking digital payments made on Black Friday

AFRICA’S LEADING payment service provider recently reported a 35 percent year on year increase of the amount of digital transactions made on its platform on Black Friday.

This year’s number of transactions exceeded DPO Group’s predictions, the company recording a rise of 500 percent on usual daily transaction volumes. Peak trading occurred a few minutes after midnight when there was a further 33 percent spike in digital payments.

Eran Feinstein, CEO and Co-Founder of DPO Group, said: “These numbers reveal the rapidly growing appetite amongst businesses and consumers in Africa to be able to transact securely online, underlining the enormous potential of e-commerce to boost economic growth on the continent.”