PawaPay CEO flags hidden risks beneath Africa’s $2.1trn mobile money explosion

Businessday | 15-04-2026 12:56am |

Africa’s digital payments surge is running into structural limits, even as global mobile money transactions hit $2.1 trillion in 2025, exposing weaknesses in the infrastructure underpinning the continent’s fast-growing financial ecosystem. That is the view of Nikolai Barnwell, chief executive officer of PawaPay, who says the real story behind the record transaction volume is not

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