South Africa, Nigeria trail Kenya cashless payments

Mpesa

Card payments are expected to grow in South Africa, across multiple segments, and among medium enterprises and urban areas in Kenya. PHOTO | COURTESY 

Kenyan businesses prefer cashless payments compared to those in South Africa and Nigeria, a new survey of women enterprises shows, highlighting the impact of digital platforms such as M-Pesa.

A report by global digital payments solution provider, Visa, shows that an estimated 71 percent of businesses in Kenya use cash payments, while the preference for this mode by their customers stood at 22 percent.