Africa Prepaid Card and Digital Wallet Market Databook 2025: Teen-Focused Prepaid Card Solutions Gain Traction in Africa's Financial Sector - ResearchAndMarkets.com
The "Africa Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to offering.
The prepaid card and digital wallet market in Africa is poised to grow by 16.1% annually, reaching US$ 36.1 billion in 2025. The sector, which saw robust growth from 2020 to 2024 with a CAGR of 18.8%, is anticipated to continue its upward trajectory, achieving a CAGR of 13.3% from 2025 to 2029. By 2029, the market is expected to expand from its 2024 value of US$ 31.1 billion to US$ 59.4 billion.
The prepaid card market in Africa is being transformed by digital adoption and financial inclusion initiatives. With an increasing rise in digital wallets and prepaid card-linked services, barriers for the unbanked and underbanked populations are being reduced, allowing enhanced access to financial transactions. Tailored prepaid card solutions for younger demographics are promoting financial literacy and early adoption of digital tools.
As fintech companies and telecom operators enhance their collaboration, prepaid cards are set to play a pivotal role in Africa's financial evolution. Integration with mobile money platforms is expected to increase cross-border payment capabilities. Regulatory support and strategic partnerships are driving the sector's expansion, offering consumers versatile and accessible financial solutions.
| Report Attribute | Details |
| No. of Pages | 954 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value (USD) in 2025 | $36.1 Billion |
| Forecasted Market Value (USD) by 2029 | $59.4 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Africa |
Report Scope
This report offers an in-depth, data-driven examination of prepaid payment instruments, focusing on expenditures via prepaid cards and digital wallets within both retail and corporate consumer sectors.
The report includes a detailed breakdown of key market segments for each country. Comprising 666 tables and 816 charts, it delivers a comprehensive analysis of the prepaid card and digital wallet markets.
With over 80+ country-level key performance indicators (KPIs), the report provides a thorough understanding of market dynamics in the prepaid card and digital wallet sectors.
- Payroll Prepaid Card Market Size and Forecast
- Meal Prepaid Card Market Size and Forecast
- Travel Forex Prepaid Card Market Size and Forecast
- Transit and Tolls Prepaid Card Market Size and Forecast
- Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast
- Fuel Prepaid Cards Market Size and Forecast
- Utilities, and Other Prepaid Cards Market Size and Forecast
- Virtual Prepaid Card Industry Market Attractiveness
- Virtual Prepaid Card Market Size by Key Categories
For more information about this report visit https://www.researchandmarkets.com/r/mwv9lx
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