Financial inclusion not just a buzzword, says Mukuru boss

The partnership hopes to accelerate financial inclusion and grow acceptance of mobile payments in the country.

The bilateral program addresses important difficulties for smallholder farmers by providing integrated digital solutions.

The company has prioritised promoting closer collaboration among financial institutions and enhancing digital payment infrastructure.

Central Bank Governor, Olayemi Cardoso, has recommended mobile operators to start producing SIM cards, cables, and towers locally.

The organisation says its goal is to accelerate the development of inclusive instant payment systems in Africa so that it can on-board millions of individuals who are currently financially excluded by 2030.

This public-private partnership will see solutions such as Alerzoshop and Veedez help SMSMEs improve their operations and financial access.

The collaboration aims to transform the payment landscape in Senegal, Côte d'Ivoire, and Benin.

According to Safaricom, the move strengthens financial integration in East Africa by promoting the adoption of digital payments and improving local economies.

This collaboration aims to increase the speed, efficiency, and security of digital payments in Somalia, making transactions easier.

The open-source programme will monitor bank activity and detect fraud and money laundering in real-time.

Airtel Africa's regional networks are seeing growing data and smartphone usage, with 4G devices accounting for more than 80% of all data access in the last three months alone.