Businesses looking to grow their online sales into new areas have a lot of opportunities in Zimbabwe. Here are a few examples among many others:
● Massive investments in telecom infrastructure have allowed 89% of the population of the country to have access to a mobile phone. Payments made using Mobile Money are popular; over 45% of citizens above age 15 are using it for their regular transactions.
● Mobile Payments are the preferred payment methods, as only less than 29% of Zimbabwe’s population has a bank account and less than 17% has access to a credit card. E-commerce in the country continues to surge with a 12.4% expected annual growth rate year over year, as more people start using e-commerce regularly.
The e-commerce sector in Zimbabwe is expanding quickly. With strategic investments into infrastructure, it has a lot of room to grow in the near future.