Thought of the Day

“ Politeness is the result of good sense and good nature. ”— Oliver Goldsmith

Is there Revenue Potential by Shifting Cash to...

Is there Revenue Potential by Shifting Cash to...

The Gallup data show that, currently, an average of 54 percent of adults in sub-Saharan Africa make one or more long-distance payments in a given month, totaling approximately five billion transactions annually. The total volume of these flows is roughly $760 billion, and conservatively 50 to 60 percent of the transactions are in cash (its likely closer to 70-80%). With a conservative estimate of revenues at 2 percent of volume, this results in annual revenues of about $6.6 billion...Read More
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