Biznet Weekly – Issue 05_2020

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

Mr Admassu Tadesse, CEO of the Trade and Development Bank highlights
"Achieving financial inclusion and financial security is not an end in itself, but a means to an end. It is broadly recognized as a critical intervention to reduce poverty and achieve inclusive economic growth"

In her opening remarks, Ms. Sandra Uwera noted three foundational elements 4. critical to unlocking the potential of digital financial innovation for MSMEs across the COMESA Region:
Available and affordable internet
Digital platforms
Digital skills and entrepreneurship