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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
The Global Findex 2025: Could Instant Payments be Driving Financial Inclusion in Africa?
Financial inclusion advocates across Africa had reason to celebrate with the launch of the Global Findex 2025. According to new data, the share of adults in Sub-Saharan Africa with either a bank or mobile money account grew from 34% to 58% between 2014 and 2024. Almost 6 in 10 adults now have an account.
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4 ways Africa can accelerate the spread of Inclusive Instant Payment Systems
Instant Payment Systems (IPS) are rapidly transforming Africa’s financial landscape. The State of Inclusive Instant Payment Systems in Africa 2024 (SIIPS 2024) report and the experts who convened at the report’s launch to discuss key issues in IPS development highlight areas of progress.
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Building a Foundation for Digital Public Infrastructure in Financial Services
Digital Public Infrastructure (DPI) is emerging as a transformative force in financial inclusion. The UN defines DPI as a set of shared digital systems for providing digital identity, digital payments, and consent-based data that are secure and interoperable, built on open standards at a societal scale, and governed by applicable legal frameworks and enabling rules. As nations embrace the shift towards digital economies, DPI’s foundational elements of digital ID, data sharing, and digital payments become crucial.
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