The cost of getting paid in Africa

Africa is bursting with investment potential, and we’re not just blowing our own horn here. The United Nations had a say in this too, stating that Africa is the most profitable region on the planet when it comes to returns on foreign investments. While the global average sits at 7.1%, Africa is serving up returns of over 11%. Impressive, right?

So, is now the primo time to put your money in Africa?

Absolutely! There are several reasons behind Africa’s profitability surge. We’ve got a youthful population that’s booming, unlike many other places where the people are generally getting older. In fact, our population is set to quadruple! That’s fantastic news, especially if you’re in the payments game. Why? Well, Africa is gearing up to become the fastest-growing digital economy globally. Nearly 70% of all mobile money transactions in the telecom world happen right here in Africa. And don’t sleep on alternative payment methods like digital wallets and tap-to-pay — they’re quickly gaining ground.

According to McKinsey, Africa’s digital payments market is on track to grow a whopping 152% between 2020 and 2025. That could mean a colossal $40 billion in revenue from domestic payments alone. Now that’s a lot of dosh! Digital payments already make up around 5–7% of all transactions in Africa.

But here’s the kicker: If everything’s going digital, why are fees still sky-high?

Well, in Africa, our digital payment systems are a bit like a mixed bag of goodies. Unlike the more developed regions, we’ve got a lot of payment systems. Merchants often find themselves dealing with a bunch of different payment service providers and banks just to handle transactions. It’s a pricey affair to get paid in Africa — it eats up time, cash, and resources, especially when you’re dealing with payments across the entire continent.

And this is where we step in…

A significant chunk of digital buyers in Africa can’t get in on the traditional payment action. A massive 40% of the population is unbanked! That’s where DoshFX comes into play. We’re a South African blockchain-based payments marketplace that accepts debit and credit cards from all over South Africa. Plus, our digital wallet has a nifty feature — you can stash your wealth in crypto, like Bitcoin or stable coins like USDT. Thanks to blockchain tech, it’s now a breeze to accept deposits and use them to either safeguard your wealth or dive into the crypto market.

Are you interested in becoming a part of a homegrown exchange that’s all about your financial freedom? Hop on over to doshfx.io or grab the app, and let’s get started. But remember, trading can be a wild ride, so take your precautions.

Happy trading,

DoshFX