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The missing link: Africa’s $1.4 billion-person market needs one payment language
Africa’s payment landscape is not lacking infrastructure, but cohesion. While the continent has developed dozens of instant payment systems, most operate in isolation due to differing regulatory frameworks, compliance requirements, and currencies. This fragmentation continues to make cross-border payments costly, slow, and unpredictable, limiting trade and financial inclusion, particularly for small businesses.
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REPORT: Tracking Africa’s Growth in Digital Payment Inclusion
As Africa continues its digital transformation, the SIIPS Report 2024 (State of Inclusive Instant Payment Systems)—launched today in Accra in partnership with AfricaNenda, the World Bank, and the United Nations Economic Commission for Africa (UNECA)—highlights the extraordinary growth of Instant Payment Systems (IPS) across the continent and explores their impact on financial inclusion.
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Advancing Financial Inclusion in Africa: An Interview with Sabine Mensah of AfricaNenda - VIDEO
Sabine Mensah has strong leadership experience in digital payments and mobile money across multilaterals and the private sector. As the Deputy Chief Executive Officer, Sabine oversees AfricaNenda’s capacity-building and partnership efforts through convenings and thought leadership, with the aim of strengthening the payments ecosystem across Africa.
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