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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
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The Next Frontier of Africa’s Financial Integration
Africa stands at a turning point. The launch of the Instant Payment System (PI - SPI) by the Central Bank of West African States (BCEAO) is not just a technological milestone, it signals a new era in how value moves across the continent. A transaction can now cross borders in seconds, connecting communities and businesses once held back by the cost and slowness of money transfers. This acceleration could redefine Africa’s economic future.
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Financial inclusion
Addressing Small and Medium Enterprise digital payment gaps in Africa, Part II
As the May 2024 Visa Payments Forum in Istanbul revealed, SMEs in Africa are at a crossroads. The first blog in this series outlined three key challenges that limit financial inclusion for small and mid-sized businesses (SMEs) in Africa.
Financial inclusion
Recognizing Small and Medium-Sized Enterprise Digital Payments Gaps in Africa, Part I
Did you know that only 35% of payments received by surveyed Small and Medium-sized Enterprises (SMEs) in Sub-Saharan Africa are digital? While many of us mindlessly pull out a card or our mobile phones to make payments, we often take for granted that this convenience depends on businesses accepting them.
Financial inclusion