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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
From Policy to People: Key Takeaways from Our Webinar on eKYC and Inclusive Instant Payments Systems in Africa
In this joint webinar, the Cambridge Centre for Alternative Finance and AfricaNenda Foundation explored the critical gaps and opportunities in regulatory approaches to eKYC. Our expert speakers shared case studies, highlighted best practices, and discussed approaches that could enable eKYC while preserving the integrity of the financial system.
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Accelerating Action to Bridge the Financial Inclusion Gap
In Africa’s rapidly evolving digital financial landscape, a persistent gender gap remains a significant barrier to achieving financial inclusion for all. Despite significant advancements in mobile connectivity and fintech innovations, women across the continent face disproportionate barriers in accessing and utilizing digital financial tools.
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Data: The Key to Unlocking Inclusive Instant Payments in Africa
Africa’s financial services sector is undergoing a significant transformation, in part through the rapid expansion of instant payment systems (IPS). These open-loop retail payment systems enable irrevocable, low‑value, digital credit push transactions in near real-time for use 24 hours a day, 365 days a year. Making them inclusive and widely available across Africa has the potential to drive financial inclusion, given the power of payments to motivate people to sign up for accounts and use them.
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