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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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Financial inclusion
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.
SIIPS
