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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

Addressing Small and Medium Enterprise digital payment gaps in Africa, Part II

As the May 2024 Visa Payments Forum in Istanbul revealed, SMEs in Africa are at a crossroads. The first blog in this series outlined three key challenges that limit financial inclusion for small and mid-sized businesses (SMEs) in Africa.

Latest blogs

20 July 2023 / Sabine Mensah, Deputy CEO AfricaNenda

The Fintech of Things: Travel notes from the 2023 Inclusive Fintech Forum in Kigali

If anything, attending the 2023 Inclusive Fintech Forum (IFF) in Kigali, June 20-22, 2023, raised my already high optimism regarding the role of fintech in Africa’s present and future development. The event shed light on how a blend of political will, mindset shifts and policy and regulatory upgrades in the fintech space can foster the next generation of growth businesses on the continent.

30 May 2023 / Djeinaba Kane, Advocacy and Partnerships Lead

The role of inclusive payment systems in Africa's financial inclusion

The COVID-19 pandemic showed the critical importance of digitization when travel and physical interactions were severely restricted. As digital platforms such as Zoom and Microsoft Teams became the new normal for work interactions, the increase in usage of e-commerce platforms enabled commercial activities to continue.

29 March 2023 / Zachary Kazzaz, Digital Financial Services Advisor, AfricaNenda

The Rise and Stall of CBDCs and Cryptocurrencies in Africa: What's Next?

Coming out of last year’s SIIPS, there seemed to be demonstrative progress across Africa toward central bank digital currencies (CBDCs). eNaira was reaching tens of thousands of transactions, and the e-Cedi was on its way to a full launch. However, 2023 has created new headwinds for CBDCs and their cousins, crypto-currency.