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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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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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Financial inclusion
The Role of CBDC in Financial Inclusion - Part I
In the quest to close the financial inclusion gap in Africa, Central Bank Digital Currencies (CBDCs) have emerged as a potential game-changer. Their effectiveness in promoting financial inclusion remains uncertain. CBDCs vary in features and functions across nations, depending on policy choices and market environments. Potential benefits exist, especially in retail CBDCs, but realization depends on inclusive design.
SIIPS
SIIPS report 2023: a perspective on the role of agents and merchants
In the ever-evolving landscape of digital payments, Africa is making significant strides; however, the latest World Bank Findex report reveals that 45 percent of Africans are still not engaging in digital transactions. In this second piece, we explore another dimension of this challenge: the vital roles of agents and merchants in propelling the adoption of inclusive instant payment systems (IIPS) on the continent.
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