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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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Accelerating Action to Bridge the Financial Inclusion Gap
In Africa’s rapidly evolving digital financial landscape, a persistent gender gap remains a significant barrier to achieving financial inclusion for all. Despite significant advancements in mobile connectivity and fintech innovations, women across the continent face disproportionate barriers in accessing and utilizing digital financial tools.
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Data: The Key to Unlocking Inclusive Instant Payments in Africa
Africa’s financial services sector is undergoing a significant transformation, in part through the rapid expansion of instant payment systems (IPS). These open-loop retail payment systems enable irrevocable, low‑value, digital credit push transactions in near real-time for use 24 hours a day, 365 days a year. Making them inclusive and widely available across Africa has the potential to drive financial inclusion, given the power of payments to motivate people to sign up for accounts and use them.Blogs
4 ways Africa can accelerate the spread of Inclusive Instant Payment Systems
Instant Payment Systems (IPS) are rapidly transforming Africa’s financial landscape. The State of Inclusive Instant Payment Systems in Africa 2024 (SIIPS 2024) report and the experts who convened at the report’s launch to discuss key issues in IPS development highlight areas of progress.
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