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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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From the Continent, For the Continent: Building Homegrown Instant Payment Systems to Drive Financial Inclusion in Africa
Imported technologies might offer speed, but do not necessarily guarantee fit. Africa’s financial systems must account for our informal economies, our language diversity, our infrastructure gaps, and our shared ambition for equity. As Dr. Robert Ochola, CEO of AfricaNenda Foundation, reminded us: “Africa can build its own systems and make them world-class.”
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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.
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