Innovations in digital payments are driving the Sub-Saharan region’s prospects for economic growth. As seen around the world, investment into digital transformation is paving the way for growth across the Central Europe, Middle East, and Africa (CEMEA) region – a trend reflected in the increasing share of consumers and retail merchants making transactions online.
In tandem, prospects for new businesses are encouraging, especially in Sub-Saharan Africa (SSA): while start-ups across CEMEA are seeing triple-digit growth rates for investment, the figures for SSA are particularly strong, with investment up 285% to US$2,1 million and deals up 26% to 392 in number in the last year, according to.
