Ebanx Expands into 8 African Countries 🌍

Ebanx Expands into 8 African Countries 🌍

#consumer markets
EBANX has expanded into eight African countries: Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia. The LatAm fintech unicorn is now present in eleven African markets.

Ebanx, the LatAm fintech unicorn, has extended its presence into eight African nations: Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia, in addition to its existing presence in South Africa, Nigeria, and Kenya. This expansion aims to connect nearly 1 billion people in Africa, Asia, and Latin America to global brands through technology and local payments.

πŸ“ˆ Rising African Digital Commerce

Africa presents significant growth opportunities for digital commerce. It's expected that the rate of online shoppers in the region will increase by 10% annually until 2027, with a population exceeding one billion. Mobile phone penetration is high, and mobile payments are on the rise, positioning countries like Tanzania, Ghana, Uganda, and Zambia as "next digital frontiers."

πŸ’Ό Ebanx's Approach

Ebanx is starting its operations in these African countries with mobile money and cash-based methods, catering to the local payment preferences. This expansion follows its presence in Latin America and the Caribbean, where cross-border commerce dominates, making it essential for global merchants to adapt to local payment methods.

🌴 Caribbean Expansion

Ebanx has also expanded into the Bahamas and Jamaica, recognizing the potential of cross-border commerce in the Caribbean. These regions have strong card usage in online sales, with debit cards accounting for a significant portion of digital commerce volume.

πŸš€ Future Growth

Ebanx's expansion into Africa and the Caribbean reflects its commitment to connect global brands with local ecosystems, offering tailored payment solutions for each country's unique market.

#Ebanx #AfricaExpansion #DigitalCommerce #PaymentSolutions

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