Blog
Blog
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
International Women Day 2024: Breaking Barriers, Accelerating Progress.
International Women's Day always presents an opportunity to reflect on the progress made toward gender equality and to assess the journey that still lies ahead, in all areas. This year's theme, "Investing in Women: Accelerate progress" echoes one of the calls to action we made in our latest State of Inclusive Instant Payment Systems in Africa 2023 (SIIPS 2023) report.
Read moreLatest blogs
Blogs
Cape Verde: Balancing between digital payment promotion and cash resilience
Digital payment experts unanimously agree that a well-structured financial ecosystem optimizes the use of banking products and services. By fostering financial inclusion and digital transactions, countries can reduce the use of cash and thereby benefit from the increased safety, efficiency, and transparency of a cashless economy. Yet there are counterforces working against digitalization.Blogs
Navigating Design Choices: Essential Considerations for CBDCs
Dans le volet inaugural de cette série, nous avons plongé dans l’univers des monnaies numériques de banque centrale (« MNBC ») et abordé leur potentiel à apporter un second souffle dans la quête de l’inclusion financière en Afrique. Nous avons passé en revue les nuances des MNBC, soulignant la diversité de leurs caractéristiques et fonctions entre les nations, mue par les choix politiques et les environnements de marché.Financial inclusion
Creating inclusive instant payment systems via digital public goods
AfricaNenda is working closely with development partners and philanthropic programs across Africa to achieve universal financial inclusion by 2030.Through pre-project support, capacity building, policy advocacy, and technical assistance, AfricaNenda has supported programs and tools promoting the growth of inclusive instant payments systems (IIPS) in Africa. In this first edition of "Voices of Expert", we are highlighting our work on digital public goods in addressing inclusivity in the design of IIPS.Financial inclusion
The Role of CBDC in Financial Inclusion - Part I
In the quest to close the financial inclusion gap in Africa, Central Bank Digital Currencies (CBDCs) have emerged as a potential game-changer. Their effectiveness in promoting financial inclusion remains uncertain. CBDCs vary in features and functions across nations, depending on policy choices and market environments. Potential benefits exist, especially in retail CBDCs, but realization depends on inclusive design.SIIPS
SIIPS report 2023: a perspective on the role of agents and merchants
In the ever-evolving landscape of digital payments, Africa is making significant strides; however, the latest World Bank Findex report reveals that 45 percent of Africans are still not engaging in digital transactions. In this second piece, we explore another dimension of this challenge: the vital roles of agents and merchants in propelling the adoption of inclusive instant payment systems (IIPS) on the continent.Blogs
Six key insights from AfricaNenda's pre-project support journey
The past two years have been an exciting and rewarding period for AfricaNenda as we help to advance the development of instant and inclusive payment systems that can make a difference for the 350 million financially excluded adults in Africa. An effort on this daunting scale, encompassing a diversity of needs across many countries and regions has many aspects and many stakeholders.SIIPS
It is all about trust!
Upcoming SIIPS 2023 report highlights ways to build trust and boost adoption of digital payment systems. In 2022, AfricaNenda’s State of Inclusive Instant Payment Systems (SIIPS) report on Africa highlighted how inclusive instant payment systems (IIPS) have emerged as a powerful enabler to promote digital payment adoption and usage by making daily transactions more secure and less costly.Blogs
The Fintech of Things: Travel notes from the 2023 Inclusive Fintech Forum in Kigali
If anything, attending the 2023 Inclusive Fintech Forum (IFF) in Kigali, June 20-22, 2023, raised my already high optimism regarding the role of fintech in Africa’s present and future development. The event shed light on how a blend of political will, mindset shifts and policy and regulatory upgrades in the fintech space can foster the next generation of growth businesses on the continent.Blogs