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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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Cape Verde: Balancing between digital payment promotion and cash resilience
Digital payment experts unanimously agree that a well-structured financial ecosystem optimizes the use of banking products and services. By fostering financial inclusion and digital transactions, countries can reduce the use of cash and thereby benefit from the increased safety, efficiency, and transparency of a cashless economy. Yet there are counterforces working against digitalization.
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Navigating Design Choices: Essential Considerations for CBDCs - Part II
In the initial installment of our blog series, we focused into the realm of Central Bank Digital Currencies (CBDCs) and their potential as a game-changer in the pursuit of financial inclusion in Africa. We explored the nuances of CBDCs, acknowledging their varied features and functions across nations, shaped by policy choices and market environments. As we navigate the intricate landscape of CBDC development, we will explore the key considerations, principles, and the human-centered design approach needed to create inclusive digital currencies in this second part.
Financial inclusion