Project Consultant of the African Cashless Payment System (ACPS), Dr. Alex Itkin says its conference that is scheduled to hold in Ghana from March 22-24th, 2020 will attract over USD$2 billion investment on digital financial infrastructure.
The Conference is facilitated by Foreign Investment Network (FIN), a UK based global consulting and publishing firm established in 2001.
Dr. Itkin in a statement he personally signed and made available to journalists in Abuja, Monday declared that all was set for the 2020 edition of the African Cashless Payment Systems (ACPS) Conference with the Theme: Building a Cashless Africa, holding in Kempinski Hotel, Accra – Ghana.
The ACPS Project Consultant also explained that “the Conference will be the largest Fintech gathering in the region this is because all eyes are on Africa now as Africa currently hosts some of the fastest growing economies in the world and the entire continent is set for a huge economic transformation.
“The event is to be declared open by His Excellency Nana Akufo-Addo, President of Ghana. Other expected dignitaries include: Dr. Akinwumi Adeshina, President, African Development Bank (AfDB), Prof. Ngozi Okonjo Iwealla, former Managing Director, World Bank as well as Dr. Ernest Addison, Governor Central Bank of Ghana while Dr. Fabio Scacciavillani, Executive Director Goldman Sachs, Minister of Finance (Nigeria) Zainab Shamsuna Ahmed, Minister of Communication and Digital Economy (Nigeria) Dr. Isa Ali Ibrahim Pantami, Mohammed Ibrahim Jega, Director VoguePay among others will speak on topical issues affecting cashless transactions in Africa, he added.
Continuing, the statement read “The Conference will facilitate latest technology demonstrations, knowledge sharing, high-level networking, and most importantly, one-to-one business meetings between decision makers and top-tier solution providers transforming the digital future of the financial firmament in the region.
“Sheik Mohammed Bayorh, Board Member Foreign Investment Network (FIN) the organizers of the event said that the conference will be a new dawn for Africa in the area of digital transaction and tracking illicit capital flight.
“This conference will attract over USD$2 billion investment on digital financial infrastructure. This is conference will interrogate some of the challenges militating against digital transactions in Africa including cross border transactions, transaction security, infrastructure and technology deficit. It will raise transaction platform in Africa from cash to cashless, broaden financial inclusion and provide a window for technology integration and seamless transactions across the continent especially now that Africa is working towards the introduction of a common currency.
“This conference has become more urgent taking into cognizance the fact that cashless economy has become the platform for global monetary transaction. It has successfully checked financial fraud, reduced risk and an enhanced cross-border transaction in developed economies but Africa is yet to harvest bountifully from the inexhaustible opportunities provided by this technology”.
“Expected at the event are participants from about 60 countries. There will be 60 exhibition booths of Banking Solutions, 40 presentations, 10 Expert Speakers and 6 group projects and 6 Panel Discussion. Companies to grace the conference includes Apple, GooglePay, Visa, Mastercard, CashApp, Facebook, Samsung, HTC, WeChat, TransferWise, N26, Starling Bank, Monzo, Monese, Stripe, Paypal, Western Union, GoCardless, Xero, Revolut, Zopa, Curve, Tide, Clear Bank, Coinbase, Plum, Moneyhub, MoneyDB, Moneybox, Wealthify, Wealth simple, Wallet, FinTech Alliance, Pollinate International, Department for International Trade, Foreign and Commonwealth Office, OpenPayd, The LHoFT – Luxembourg House of Financial Technology, Kwanji, Sophos Security, Malwarebytes, Waterfall Security Solutions, Fortinet Cyber Security, Check Point Software Technologies, Microworld, Technologies: eScan, Nemasis, Infoblox, EMQ, Ericsson, CyberCureME and such companies too numerous to be mentioned here.
“The Conference will among others things: Strengthen cashless financial system in Africa; Expand financial inclusion and infrastructure across Africa; Strengthen and support the capacities and development of the financial institutions in the continent; Introduce new technologies and strengthen financial infrastructure across Africa; Introduce new, faster and secured electronic payment systems; Tackle theft in the financial sector; Tackle digital financial insecurity and data protection; Chart ways for curbing illicit financial flow from Africa”.