Intreensic tackles payment skills shortage

Intreensic, a payments education and advisory firm, has embarked on a mission to equip professionals and businesses across Africa with world-class expertise in the evolving payments landscape.

The disclosure was made by the firm in a statement over the weekend.

The firm aims to address the growing need for structured training and certification in Africa’s payments sector.

The Founder and CEO of Intreensic, Nkebet Mesele, said, “The payments ecosystem is evolving rapidly, yet many professionals struggle to access structured learning and industry-recognised credentials.”

“At Intreensic, we bring together a world-class faculty with deep industry expertise, combining global best practices with localised insights tailored to Africa’s unique market dynamics.

“Our goal is to equip individuals and businesses with the educational certifications, knowledge, and skills necessary to thrive in the rapidly evolving global payments industry.”

According to Statista, revenue from offline and online electronic payments in Africa is expected to grow by 152 pe cent by the end of 2025.

A total of about $15bn was reported in 2020, and it is predicted to increase to around $39bn in 2025.

The continent has also been a frontrunner in mobile money. In 2022, Quartz reported that Africa accounted for 70 per cent of the world’s $1tn mobile money market.

Intreinsic noted that its programmes cover three main areas: consulting services to help businesses develop digital and payment strategies, training and certification courses ranging from foundational to advanced industry credentials, and talent resourcing to connect skilled professionals with employers.

The company said it has already enrolled participants from Nigeria, Ghana, South Africa, Botswana, and Namibia, using a digital learning platform to provide remote training.

It plans to expand its operations to Kenya and South Africa and establish partnerships with regulators and industry stakeholders to support professional development in the sector.

According to data from Statista, revenue from electronic payments in Africa is projected to grow by 152 per cent by the end of 2025, reaching $39bn, up from $15bn in 2020.

The continent also leads in mobile money adoption, accounting for 70 per cent of the world’s $1tn mobile money market in 2022, according to Quartz.

Mesele said Intreinsic aims to equip Africa’s payments ecosystem with global best practices while tailoring its programmes to the continent’s unique market dynamics.

“It is focused on providing quality services and innovations. The reason it’s like this now is because we allowed it to linger so much without increasing tariffs,” he said.