Biznet Weekly – Issue 01_2020

We face cultural challenges which must be overcome, as we prepare for the digitization and financial inclusion across Africa ~ Mr. George Odhiambo, MD of @KCBRwanda
#CBCdfi4SMEs

Some of the challenges faced by MSMEs include:
-limited access to digital financial services in rural areas
-affordability
-financial literacy, capacity building and awareness
#CBCTDBPublicPrivateDialogue

The private sector, as a key policy driver & engine of economic growth, seeks to strengthen existing #digital #tradefacilitation ecosystems to boost intra-regional #trade considerably, which is our common goal as African leaders. ~ Amb. Kipyego Cheluget, ASGP, COMESA
#CBCdfi4SMEs

Principles such as: Real-time payments(RTP), same day settlements, interoperability and irrevocability, have been implemented as methods to harmonize the MSME digital payments policy and scheme #CBCTDBPublicPrivateDialogue

Some of the business goals noted for small-value, cross-border retail payments include:
-increasing market and payment efficiency
-improving payment safety
-promoting technological, product and service innovations
#CBCTDBPublicPrivateDialogue