Mastercard Report: South African SMEs Lead Region in Digital Payments Adoption
South African SMEs are embracing digital payments and business tools, with 80% accepting online payments and 43% expecting revenue growth, according to Mastercard...
✨ Key Highlights
A report by Mastercard reveals that South African small and medium enterprises (SMEs) are leading the Eastern Europe, Middle East and Africa (EEMEA) region in adopting digital payments and financial tools.
- 80% of South African SMEs now accept online payments, a high rate within the EEMEA region.
- Mastercard findings highlight resilience and optimism among these businesses despite economic pressures.
- 55% of SMEs identified simple, seamless payment methods as a key growth opportunity.
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