Inclusive payments: What Kenya's instant payment systems should do to achieve mature inclusivity

By adopting risk-proportionate frameworks, regulators can enable innovation while mitigating fraud and money laundering concerns.

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The State of Inclusive Instant Payment Systems Report 2024, recently released by Africa Nenda, the World Bank, and the United Nations Economic Commission for Africa, underscores Africa's journey towards integrating inclusive payment systems into the heart of its economic development.

Forty-five percent of the continent's adults - approximately 400 million - remain excluded from access to formal financial services and digital payment systems.

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