Africa FinTech Foundry (AFF) has resumed its webinar series with a roundtable to discuss the future of payment in Africa in collaboration with Systemic Logic.
AFF is an Access Bank initiative that aims to nurture and accelerate the growth of Fintech startups in Africa thus fast-tracking their growth and maturity to deliver relevant solutions to the market, providing greater access to financial services to the financial excluded across the continent.
The African Continental Free Trade Area (AfCFTA) presents a major opportunity for African countries to bring 30 million people out of extreme poverty and to raise the incomes of 68 million others who live on less than $5.50 per day.
With the implementation of AfCFTA, trade facilitation measures that cut red tape and simplify customs procedures would drive $292 billion of the $450 billion in potential income gains.
The realization of AfCTA is the key structure for building/enhancing payment infrastructure in Africa. By 2050 the population of Africa is expected to grow to 2 billion, while the rest of the world experiences flat or declining population curves. Globally, about 1.7 billion adults (31 percent of adults) remain unbanked — without an account at a financial institution or through a mobile money provider. In 2014 that number was 2 billion.
Themed "increasing the resilience and innovation in the payments industry", the webinar will hold on the 17th of December 2021 by 10:00 (WAT, GMT +1).
Interested participants can sign up here.
Speaking at the event will be Benjamin Dada, Country Manager at Stitch; Meryem Habibi, Chief Revenue Officer, Aza Finance; Simon Hardie, CEO, Findexable; Teni Olorunda, CEO, Team Apt; Clara Odera, CEO/Co-Founder, Credrails; Marcello Schemer, Head International Expansion, YOCO.
Others are Tomi Majekodunmi, Co-Founder/CEO Bankly; Davidson Oturu, Partner, Aelex; Iyinoluwa Aboyeji, Founder, Future Africa; Tosin Faniro Dada, MD/CEO, Endeavor.