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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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Inclusion of Rural Communities and Small Businesses Defines Success in Transnational Payments – Dr Ndzana
Cross-border instant payments in Africa are at a turning point, shifting from identifying problems to implementing concrete solutions, says Dr Patrick Ndzana Olomo, an economic expert and researcher who serves as Head of Economic Policy and Sustainable Development Division at the African Union Commission in Addis Ababa, Ethiopia.
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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bank official shared, the research was incomplete, because the publicly available data their country provided was outdated.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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International Women Day 2024: Breaking Barriers, Accelerating Progress.
International Women's Day always presents an opportunity to reflect on the progress made toward gender equality and to assess the journey that still lies ahead, in all areas. This year's theme, "Investing in Women: Accelerate progress" echoes one of the calls to action we made in our latest State of Inclusive Instant Payment Systems in Africa 2023 (SIIPS 2023) report.
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