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Beyond the banknote: Reducing cash is key to Africa’s economic future

todayNovember 11, 2025 1

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By Akinwale GOODLUCK In West Africa, the financial landscape is rapidly shifting. While cash remains in use, digital payments are now surging, reshaping how businesses and individuals transact. In 2024, Nigeria processed a record ₦1.07 quadrillion (US$2.3 trillion) in electronic transactions, a nearly 80percent increase from the previous year. In Ghana, mobile money transactions reached […]

The post Beyond the banknote: Reducing cash is key to Africa’s economic future appeared first on The Business & Financial Times.

Source: thebftonline.com

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