Gates Foundation-Backed Group Plans Instant-Payment Systems for 15 African Nations
- About 400 million adults have no access to financial systems
- AfricaNenda targets universal payment systems access by 2030
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A pan-African group backed by the Bill & Melinda Gates Foundation and the Rockefeller Philanthropy Advisors is targeting universal access to payment systems on the continent by 2030, by helping 15 African nations to install instant payment platforms over the next three to five years.
Half of the continent still doesn’t have an instant-payment system, according to advocacy group AfricaNenda Deputy Chief Executive Officer Sabine Mensah.