RSVP now to join the next Technology Salon
HOW CAN FINTECH SUPPORT GHANA’S FINANCIAL INCLUSION DRIVE?
Financial Technology (FinTech) is changing the finance sector just like the internet changed the written press and the music industries. FinTech will undeniably aid Ghana’s progress towards a cashless society and financial inclusion.
This in the sense that, with the advent of e-banking, Mobile Money services, expressPay, e-wallets, Slydepay etc. traditional banking practices like queuing to deposit or withdraw money are fast fading.
However, Ghana has always been a very cash-intensive economy. In what is a stagnant sector monopolized by banks finance is ripe for innovation and FinTechs is unquestionably the catalyst needed for change.
Ghana is on the radar of Fintech companies, funders and investors as the country has become a fertile ground for a significant progress towards financial inclusion in the last five years with innovative interventions seeking to better connect poor people to financial services by capturing and digitizing the data of business transactions in the informal sector.
The government of Ghana has thus recently launched a nationwide drive towards financial inclusion especially for the unbanked and the underbanked in rural communities.
FinTech will offer all Ghanaians home and abroad a more reliable, convenient and secure access to financial services based on the deployment of state-of-the-art technologies to eliminate fraud, drive transaction costs down significantly and empower every citizen to access formal banking.
With the financial inclusion 2020 goals approaching, 48 percent of the adult population in Ghana have financial accounts either a bank account, mobile money account or an account with a non-bank financial institution.
The challenge is that Fintech companies need partnership to drive growth in their business and especially with banks however, the Bank of Ghana does not regulate Fintech companies in the country.
The February Accra Tech Salon w will focus on how Fintech can support government’s interventions to digitize the economy, should government allow the sector to operate freely without any regulations so that the small businesses can innovate and grow?
Thought leaders from financial institutions, government agencies, tech companies among others will for the 2-hour period deliberate on such issues as:
- Is Fintech the way to go in achieving financial inclusion in Ghana?
- How can the government regulate the sector and make it free of fraudulent practices?
- What are some of the challenges they are likely to face in Ghana?
- How can we successfully integrate Fintech into our systems?
- Will Fintech and crypocurrencies render traditional banking obsolete?
Please RSVP now to join key stakeholders and thought leaders from government agencies, civil society, financial institutions, technologists among other experts with discussions to be led by:
- Saqib Nazir- InterPay Africa
- Jim Amegah – Eban Capital Limited
- Bank of Ghana, Payment Systems Department
We’ll have hot coffee and catered breakfast treats for a morning rush, but seating is limited. Once we reach our 30-person capacity there will be a waiting list!
Fintechs for Ghana’s Financial Inclusion Drive
February Technology Salon Accra
Tuesday, 20th February 2018
9am – 11am
New Media Hub at Penplusbytes
No.1 Ostwe Close, Ako Adjei, Osu,
Accra, Ghana (map)
RSVP is required for attendance
| About the Technology Salon
The Technology Salon™ is an intimate, informal, and in person, discussion between information and communication technology experts and international development professionals, with a focus on both:
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Our meetings are lively conversations, not boring presentations. Attendance is capped at 35 people – and frank participation with ideas, opinions, and predictions is actively encouraged.
It’s also a great opportunity to meet others motivated to employ technology to solve vexing development problems. Join us today!
