Digital Payments?

Digital payments refer to digital transactions that occur through online digital commerce or mobile payments at offline stores. The global digital payment service market was estimated to be worth $4.9 trillion in 2020 and is expected to grow to $8.1 trillion by 2024., South Africa’s fintech industry continues to expand by building a platform using AI and ICT in line with the changing era and the 4th industrial revolution. The steady increase in smartphone and internet penetration in the region is having a positive impact on the fintech industry, and the growth of the industry is expected to continue as the number of users increases.

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