How MultiChoice and Moment Are Transforming Africa’s Digital Payments Ecosystem
- Africa's population projected to reach 2.5 billion by 2050.
- MultiChoice launched Moment, a digital payments ecosystem in 2024.
- Moment processes 35% of MultiChoice's revenue by late 2024.
The development of digital payment systems like Moment is crucial for Africa's economic growth, as it addresses long-standing barriers to financial efficiency and empowers local businesses. However, ongoing challenges such as political instability and infrastructure issues must be managed to fully realize this potential.
