Africa has carved out a significant role in payments innovation, with its advances in mobile money frequently cited as a benchmark for the rest of the world. Major corporates, governments and entrepreneurs are developing new solutions to address traditional challenges such as inclusion, empowerment and economic development. And while mobile money continues to be an important area of development, new technologies such as blockchain and artificial intelligence (AI), as well as cryptocurrencies, are also having a growing impact. New alliances between payments firms, telcos and other business sectors are being forged as increasingly complex services are being rolled out, and there is a renewed focus on incubator and accelerator programmes.
With all these developments, the role of regulators in creating an enabling environment for new solutions continues to come under the spotlight, as does the need for robust and easy-to-use security and KYC processes. FT Africa Payments Innovation: Powering Africa’s future will bring together key players from across the financial, telecoms, retail, government and fintech sectors to debate how innovative payments solutions can create opportunities, drive inclusion and power Africa’s continued development. It will also examine how innovative projects are financed and how free trade agreements are driving the need for greater cross-border interoperability.
Government ministries, regulators, policy makers, banks, telcos, fintechs, new payment providers, original equipment manufacturers (OEMs), hardware suppliers, software developers, mobile service providers and distributors will explore the role of payments innovation in meeting the needs of the next generation of consumers; consider the future of big payments innovations; and examine the challenges that are still being faced by many innovators across the continent.
The summit will take a pan-African perspective when considering the opportunities and challenges of this growing market, drawing on case studies to examine how innovation is changing lives and powering Africa’s future.