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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
AfricaNenda & GIMAC: Building an inclusive payment ecosystem in Central Africa
"We want payments to be as simple and universal as a text message," explains Jamelino Akogbeto, Regional Director for West and Central Africa at AfricaNenda Foundation.
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​​Lack of transparent data is hampering Africa's capacity to leapfrog inclusive instant payment systems​!
While on a speaking tour in 2022 to disseminate findings from a report I co-authored, a central bank official from West Africa shared a key observation. ​Our​ report aimed to document the relationship between financial inclusion and the infrastructure provided by inclusive, instant payment systems and was based on publicly available data. But as the central bank official shared, the research was incomplete, because the publicly available data their country provided was outdated. Within a month, the central bank had updated its website and issued a press release with official statistics.
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