Mohamed Aden Hassan, PhD’s Post

The parties aim to explore solutions that will provide a remittance corridor between East and West Africa, connecting some of the continent’s largest economies. https://lnkd.in/d3s7mvg6

🌍 Breaking: Strategic Alliance Boosts Remittances and Financial Inclusion in Africa 📈 A transformative partnership between Coronation Group, Access Holdings, Safaricom, and M-PESA Africa is set to revolutionize remittances across Africa, fostering financial inclusion and economic prosperity. This collaboration aims to create a remittance corridor between East and West Africa, connecting some of the continent's largest economies. With Access Holdings' extensive Pan-African banking infrastructure, Coronation Group's tech-driven financial services, and Safaricom's leading ICT solutions, the potential for impact is immense. According to M-PESA Africa's Managing Director, this partnership aligns with initiatives like the African Continental Free Trade Area (AfCFTA), aiming to enhance intra-continental trade. By focusing on pivotal markets like Nigeria, Kenya, Ghana, and Tanzania, the initial phase of collaboration promises to address underserved regions and bridge the gap in remittance services within Africa. Stay tuned for more updates as this partnership unfolds, shaping the future of finance and empowerment in Africa. 🚀🌍👌🏽 #FinancialInclusion #AfricanProsperity #Empowerment #FutureOfFinance #InnovationInAction #PositivePartnerships #WealthGeneration #ImpactInvesting #BusinessCollaboration #afcfta #FinancialServices #AfricanEconomy #FintechInnovation #DigitalTransformation #EconomicEmpowerment #SustainableDevelopment 🌟

🇧🇷 "Government-to-person transfers for social assistance programs have been transformed by Fast Payment Systems (#FPS) in several markets. The Brazilian government leveraged its FPS, called #Pix, to disperse stimulus funds to nearly 70 million beneficiaries during the COVID-19 pandemic despite 40 per cent of recipients being unbanked. This feature enabled the government to transfer stimulus money to an estimated 30 million unbanked citizens": William Reinsch. 🇮🇳 International remittances are another area where FPSs have boosted efficiency. For example, the central banks of #Singapore and #India agreed to interlink their FPSs in February 2023, facilitating instantaneous, convenient, and safe transfers from Indian migrant workers to their families. 🤳🏿Research from the Center for Strategic and International Studies (CSIS) explores the extent to which FPSs have truly improved participation in the formal financial system using survey data from #Brazil, #CostaRica, #India, and #Thailand to unearth the impact of FPSs on developing market economies.

In today's rapidly evolving and intricate business environment, collaboration stands as a cornerstone for unlocking the full potential of organizations. It fosters a culture of shared purpose, innovation, and continuous improvement, which are essential elements for achieving success in today's dynamic and intricate landscape. #collaboration.

Onafriq, a major digital payments network, has partnered with M-PESA Safaricom PLC to facilitate international money transfers to Ethiopia. This collaboration aims to simplify remittance flows, leveraging M-PESA's accessibility and Onafriq's extensive network. With remittances playing a vital role in Ethiopia's economy, this initiative aligns with the country's digital transformation strategy, 'Digital Ethiopia 2025', focusing on financial inclusion and innovative solutions. Through this partnership, Onafriq aims to enhance connectivity and contribute to sustainable development goals in Africa. Read more: https://zurl.co/H8RZ #DigitalPayments #FinancialInclusion #Ethiopia #SustainableDevelopment

Collaboration is key to unlocking the full potential of organizations. It fosters a culture of shared purpose, innovation and continuous improvement, which are vital for success in today's fast-paced and complex world.

According to Dilip Ratha, Lead Economist; Manager - Migration and Remittances at the World Bank, "For many countries, money transfers from citizens working abroad are a lifeline for development." At this time, there is a dire need for remittance platforms to ensure seamless and affordable remittances. Why? Millions of lives depend on these money transfers from citizens abroad. We are immigrants ourselves, and we see it as our responsibility to lower remittance costs by deploying legitimate measures. We are making this happen through our P2P and "democratized" remittance model. Join us on this journey; the journey to make remittances affordable for all. Ref: https://lnkd.in/ekhZf7ip

Excited to share my first explainer at Regional Action Lab (Re-ACT Lab) discussing #SEPA and its potential impact on #WB6, with a focus on remittances. Hope you find it interesting!

📎 Re-ACT's latest explainer delves into the implementation of #SEPA in the #WB6. While implementation-wise many challenges are ahead, the impact is already seen as very significant for the region's economy. Find out what lies ahead for the region in this topic through the link below 👇 👏 Also, kudos to our Olsë Kajtazi for bridging two very important topics, SEPA and remittances!

NPCI International & Bank of Namibia to develop UPI-like payment system in Africa - IBS Intelligence: NPCI International & Bank of Namibia to develop UPI-like payment system in Africa  IBS Intelligence