Modern credit cards have been around for nearly seven decades, and less than half that time on the African continent
Visa study sees move to electronic payments creating 2. 6 million jobs a year, boosting GDP; S. Africa is continental leader
African countries experienced, on average a 0.05% increase in GDP due to increased card penetration
Credit and debit card transactions by nationals abroad jumped to $800m last year from $300m in 2012, more than half of the country’s 2014 exports.
The growth is due to the distribution of secure Mastercard and Visa debit cards.