Africa Outlook

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.”

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