Access via sign-up on the event app or by invitation only.
Egypt, Ethiopia, and Rwanda this year joined a growing list of African nations exploring CBDC launches. Nigeria’s eNaira wallet, integrated by some fintechs and commercial banks, shows the potential for offline services to the unbanked – although only 0.5% of Nigerians were using the eNaira within a year of its 2021 launch. Elsewhere, global pilots suggest interoperable wholesale CBDCs could offer instant cross-currency payments, an opportunity for African states to consider. A roundtable of central bank governors and financial institutions discusses how CBDCs can catalyse financial inclusion and ease cross-border payments.
Key points:
- Ensuring retail CBDCs bring value to underbanked communities and achieve uptake goals
- Debit cards, mobile wallets, bill payments: What CBDC innovations can commercial banks, fintechs and mobile money develop to increase penetration?
- Working towards interoperable CBDCs for cross-border payments that co-exist with regional payment systems and the PAPSS – Pan-African Payment and Settlement System