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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 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.
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SIIPS
The biggest barrier to digital payment adoption may be dropped network connections
Imagine you're in a bustling market in a country in Africa, ready to pay for your fresh produce with a quick tap on your phone. It should be seamless, right? But that is not always the experience for Salimata, a frequent market shopper who has recently started using digital mobile payments
Financial inclusion
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.
Financial inclusion