Source page: McKinsey & Company
Commentary
Move over, cash
Fintech | Payments | Africa
October 20, 2022 – Many African countries have seen record growth in electronic payments over the past two years, and the trend is expected to continue. According to work by senior partner Alessio Botta and colleagues, McKinsey anticipates that Africa’s e-payments market will grow by more than 150 percent between 2020 and 2025, reaching nearly $40 billion in revenues from domestic payments alone.
To read the article, see “The future of payments in Africa,” September 7, 2022.
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Visual form
Market-growth chart.
Layout / body structure
The chart is organized as a current-versus-future payments-market comparison, with the reader moving from the starting size of Africa’s e-payments market toward the projected 2025 outcome. The reading order is from baseline to forecast.
What is being compared
It compares the size of Africa’s electronic-payments market in 2020 with its expected scale by 2025, set against the background of a still heavily cash-based transaction environment.
Measurement system
The page uses growth percentage and revenue in dollars, so the reader tracks both the pace of expansion and the total size of the domestic-payments market.
Visible structure inside the graphic
The internal pieces are the baseline value, the projected value, and the growth indicator tying the two together. The chart is built to show the scale of the jump rather than a flat incremental trend.
Main takeaway from the visual
The page shows that e-payments in Africa are moving from an underpenetrated position into a much larger revenue pool. The comparison makes the market look like a rapid transition story rather than a slow drift away from cash.
Key standout values or extremes
The page highlights expected growth of 152 percent in Africa’s electronic-payments market between 2020 and 2025, reaching nearly 40 billion dollars in revenues from domestic payments alone.
Controls / sequence, when applicable
This is a static chart image with no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the chart image is the full visual on this page.