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
The Next Frontier of Africa’s Financial Integration
Africa stands at a turning point. The launch of the Instant Payment System (PI - SPI) by the Central Bank of West African States (BCEAO) is not just a technological milestone, it signals a new era in how value moves across the continent. A transaction can now cross borders in seconds, connecting communities and businesses once held back by the cost and slowness of money transfers. This acceleration could redefine Africa’s economic future.
Read moreMore information about this topicLatest blogs
Blogs
Building Inclusive Instant Payments in Africa: Lessons from ZIPIT in Zimbabwe
As Africa accelerates toward a digital financial future, inclusive instant payment systems (IPS) emerge as a powerful force for financial inclusion. In the recent " Unlocking Inclusive Instant Payments in Africa: Lessons from ZIPIT in Zimbabwe " webinar, hosted by AfricaNenda Foundation in collaboration with Zimswitch Instant Payment Interchange Technology (ZIPIT) and the Alliance of Digital Finance Associations (ADFA), stakeholders explored how Zimbabwe’s experience offers valuable insights for other African countries working to make IPS inclusive and impactful.
Blogs
The Imperative for Progressive Regulations
In the digital age, modern economies need real-time retail payment infrastructures, known as Instant Payment Systems (IPS), to facilitate quick and seamless money transfers for personal transactions and global trade. To achieve socio-economic goals like financial inclusion and digitalization, IPS must evolve into Inclusive Instant Payment Systems (IIPS), which cater to all users, including those with low financial or digital literacy and small-scale traders. Innovation-friendly regulations are crucial for this transformation, as they foster technological advancements and widespread adoption, ensuring that payment infrastructures are both cutting-edge and inclusive. This blog explores how supportive regulations can unlock the full potential of IPS, particularly in Africa.
Blogs