Growth in macroeconomic indicators is expected to support the financial cards market for all the Sub-Saharan countries.
The overall economic growth in the Sub-Saharan countries attracts investments in various sectors, which are also anticipated to support the growth of prepaid cards in these countries.
During the review period, the South African prepaid cards market grew significantly and is anticipated to grow at a CAGR 65.49% over the forecast period.
The Nigerian prepaid cards market recorded sizeable growth during the review period and is expected to grow at a CAGR 47.91% over the forecast period.
Kenya’s prepaid cards market is expected to record a CAGR of -3.08% over the forecast period.
The negative growth is mainly due to the increasing popularity of mobile payment services and a lack of technological infrastructure.
The full report ‘Market Opportunities and Emerging Trends in the Prepaid Card Market in Sub-Saharan Africa’ is available from BRICdata. Click here for more details.
