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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
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From the Continent, For the Continent: Building Homegrown Instant Payment Systems to Drive Financial Inclusion in Africa
Imported technologies might offer speed, but do not necessarily guarantee fit. Africa’s financial systems must account for our informal economies, our language diversity, our infrastructure gaps, and our shared ambition for equity. As Dr. Robert Ochola, CEO of AfricaNenda Foundation, reminded us: “Africa can build its own systems and make them world-class.”
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SIIPS
SIIPS 2024 - Three elements that differentiate inclusive instant payment systems
Instant payment systems (IPS) process payments digitally in near real-time and are available for use 24 hours a day, 365 days a year. Imagine an instant payment system that doesn't just move money but also prioritizes inclusivity, working towards a fairer equitable financial landscape for everyone. AfricaNenda is striving to make this vision of Inclusive Instant Payment System (IIPS) a reality across Africa.
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