How Coronavirus is Impacting Digital Payments in Emerging Markets

Elvera Bartels

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Digital payments have been expanding promptly in emerging marketplaces more than the previous ten a long time or so, considering the fact that the institution of MPESA in Kenya in 2007, writes Pavel Matveev, CEO of Wirex. MPESA relies on 120,000 retail brokers who get in and dispense cash to end users about the country, and in 2017, MPESA processed 1.seven billion payments […]

Digital payments have been expanding promptly in emerging marketplaces more than the previous ten a long time or so, considering the fact that the institution of MPESA in Kenya in 2007, writes Pavel Matveev, CEO of Wirex.

MPESA relies on 120,000 retail brokers who get in and dispense cash to end users about the country, and in 2017, MPESA processed 1.seven billion payments with a value of $29 billion – practically 50 percent the GDP of Kenya.

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