Ghana Ready To Host Africa Cashless Payment Systems Conference
The management of African Cashless Payment Systems assures they are fully prepared for the 2020 conference to be held in Accra on 31st May to 2nd June.
According to the organisers, the conference is dubbed, ‘Building a Cashless Africa’ which seeks to highlight the need for African countries to accept the modern era of cashless system.
Speaking to the media in Accra, Mr Myke Uzendu, the Director of Communication at Foreign Investment Network (FIN), stressed that, “The Conference will be the largest Fintech gathering in the region. This is because all eyes are on Africa now as she currently hosts some of the fastest-growing economies in the world and the entire continent is set for a huge economic transformation”
Additionally, he emphasized that per the report from Bloomberg, the support from the fin-tech industry to sub-Saharan Africa’s economic output will be scaled up from $40 billion to $150 billion by 2022.
The Director of Communication also pointed out that the upcoming conference will enhance the current technology demonstrations, knowledge sharing, high-level networking, and most significantly, one-to-one business meetings between policy-makers and top-tier solution providers by transforming the digital future of the financial light in the region.
Again, he said, “All over the world, the use of paper money is becoming obsolete. It has a lot of risks and leaves less trail and also very expensive to manage. This conference will provide the window for Africa to key into the future of financial transactions which is now cashless, paperless and digital”.
Moreover, Mr Uzendu showed that other variations of the conference will be to question other currency replacement and technologies like Block-chain and Crypto-currency Systems, Artificial Intelligence etc.
In his opinion, African Entrepreneurs’ must take an active part in the conference to become ambitious.
He assured, “This conference will attract over USD$5 billion investment in digital financial infrastructure into Africa. It will interrogate some of the challenges militating against cashless transactions in Africa including cross border transactions, transaction security and technology deficit”
The FIN says it will welcome His Excellency Nana Akufo-Addo, President of Ghana at the event.