31bn social payments: AfricaNenda urges African governments to go digital

AfricaNenda has urged African governments to digitise social safety payments, saying the move could accelerate financial inclusion among vulnerable populations, even as about 70 per cent of the continent’s estimated 31 billion social payments are still made in cash.
Sabine Mensah, Deputy Chief Executive Officer, AfricaNenda, disclosed this during a media workshop in Kenya on inclusive instant payment systems.
Mensah said governments have a critical role to play in driving financial inclusion because they are among the biggest payers in most African economies.
She said the scale of social payments presents a major opportunity to bring people who remain outside the formal financial sy...