This blog is part of a series documenting our program’s journey to accelerate the development of inclusive payments systems for universal access to financial services in Africa. #IAmAfricaNenda
The Rise and Stall of CBDCs and Cryptocurrencies in Africa: What's Next?
Coming out of last year’s SIIPS, there seemed to be demonstrative progress across Africa toward central bank digital currencies (CBDCs). eNaira was reaching tens of thousands of transactions, and the e-Cedi was on its way to a full launch. However, 2023 has created new headwinds for CBDCs and their cousins, crypto-currency.Read more
Building a Better Digital Future: An Introduction to Digital Public GoodsThe term Open-Source Software (OSS) can be traced back to the 1990s when the founders wanted to advocate for free and open software without being misconstrued to be free. Twenty years later OSS is the backbone for most of the new enterprise technologies. So, what is the buzz about?
What does it feel like to be unbanked?Last year, while I attended the Mobile World Congress in Barcelona, my handbag was stolen. Suddenly, I found that I had no identification document, no debit or credit card, and no cash. Throughout this ordeal, I depended on my colleagues to loan me cash. I have never felt so vulnerable, excluded, with no control over accessing my finances or a solution to cover my expenses. It was quite daunting.
Tapping into the power of data to accelerate IIPS in AfricaThe first State of Instant and Inclusive Payment Systems launched in 2022 in collaboration with the World Bank and United Nations Economic Commission for Africa (UNECA) captured the growing potential of Instant and Inclusive Payment Systems (IIPS) in Africa through a detailed set of tools and reports based on data analytics.
State of Instant and Inclusive Payment Systems in Africa 2022 report coming soon : A sneak-peak at end-users' experience.With the emergence of instant payment systems (IPSs) in Africa, digital payments are becoming just as available and immediate as cash transactions, but whether people actually adopt and often use digital payments is another question. This might be for several reasons and often depends on the country.
Instant payment systems