According to a study by Astute Analytica, the African region is showing strong growth in the gambling industry at a rate of 7.06% per year
The main drivers of growth are the youth demographic structure, the growing number of Internet users (520+ million), the availability of smartphones (300+ million users), the general growth of household incomes and changes in regulation.
Of the key aspects that led to the positive dynamics, it is worth highlighting the following: - Online gambling is growing rapidly thanks to mobile technologies and convenient payment solutions. - Electronic Slot Machines (EGMs) are the fastest growing segment. - South Africa, Kenya and Nigeria are leading the market in terms of the countries of the African continent.
The main trends for the midday: - The growth of the female audience due to the improvement of digital literacy. - Implementation of the blockchain to increase transparency and trust. - Immersive technologies such as VR and AR.
Paydex — payment ecosystem for e-commerce businesses of any size