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Africa quick to take to digital currencies Kenya, SA and Nigeria are among the top 10 crypto-adopting nations in the world 21 April 2021 - 18:10 Catherine Tinavapi Picture: 123RF/DIMARIK16 Economies in sub-Saharan Africa are developing digital financial services. In the larger markets, regulators have taken policy and regulatory measures to support financial institutions’ digital transformation. While emphasising the importance of robust cybersecurity and consumer protection measures, the global pandemic has generated a strong appreciation for the digital economy. Wit...
Vanguard News 60m unbanked: Expert advocate open banking On N ew indications have emerged that open banking would create a new stream of revenue for banks and also drive the 60 million unbanked population into the formal banking system. These were the submissions of the financial experts under the Committee of e-Banking Industry Heads (CeBIH) during a webinar tagged: ‘‘Advancing Open Banking in Nigeria’’. Speaking at the webinar, Trustee, Open Technology Foundation in Nigeria, Mr. Adedeji Olowe, said that ‘‘open banking would foster financial inclusion, adding that it would provi...