Ghana to host African Cashless Payment Systems Conference

All is set for the 2020 edition of the famous African Cashless Payment Systems (ACPS) Conference with the Theme: Building a Cashless Africa, holding in Kempinski Hotel, Accra - Ghana which has tentatively been rescheduled to hold from May 31 – June 2, 2020.

The Conference will be the largest Fintech gathering in the region. This is because all eyes are on Africa now as she currently hosts some of the fastest growing economies in the world and the entire continent is set for a huge economic transformation. According to a report from Bloomberg, the contribution of the financial-technology industry to sub-Saharan Africa’s economic output will increase from $40 billion to $150 billion by 2022.

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, Chief Economist Oman Investment Fund Muscat; Minister of Finance (Nigeria) Zainab Shamsuna Ahmed; Minister of Communication and Digital Economy (Nigeria) Dr. Isa Ali Ibrahim Pantami among others will speak on topical issues affecting cashless transactions in Africa.

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 stressed that the conference will be a new dawn for Africa in the area of digital transaction and tracking illicit capital flight.

“All over the world the use of paper money is becoming obsolete. It has a lot of risk and leaves less trail and also very expensive to manage. This conference will provide the window for Africa to key into the future of financial transactions which is now cashless, paperless and digital. Other nuances of the conference will be to interrogate other currency substitutes and technologies like Block-chain and Crypto-currency Systems, Artificial Intelligence etc. African Entrepreneurs’ must key into this conference to become competitive in a digitized world”.

The Consultant to the Africa Cashless Systems Conference, Dr. Alex Itkin added that some of the issues to be discussed at the meeting include: The Journey of Cashless Payment Systems in Africa and The Future of Cashless Economy in Africa.

“This conference will attract over USD$5 billion investment on digital financial infrastructure into Africa. It will interrogate some of the challenges militating against cashless transactions in Africa including cross border transactions, transaction security 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 enhanced cross-border transaction in developed economies but Africa is yet to harvest bountifully from the inexhaustible opportunities provided by this technology” Itkin said.

Expected at the event are participants from diverse countries. There will be exhibition booths for Banking Solutions, presentations, Expert lectures, group projects and Panel Discussion.

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; Expose new marketing and growth strategies for entrepreneurs in a digitized economy; Unveil risks and opportunities in a cashless monetary system; Expose investment opportunities in a cashless financial infrastructure for Africa; Upgrade African financial payment system to global standard; Bring more investment to Africa and Curb illicit cash flow from Africa.

The Conference is facilitated by Foreign Investment Network (FIN), a UK based global consulting and publishing firm established in 2001. The Company was born out of the desire to meet the investment need of emerging economies in Africa. FIN is a top global consulting company with many years of experience in organizing corporate events, exhibitions, workshops, conferences, summits, seminars and Awards.

Our business strategy includes International conferences, business meetings, advocacy visits, investment fora, international exhibitions and Fin Award. FIN also has in its stable, FIN Magazine, published in English, French and Chinese and circulated globally which over the years has transformed into an investors tunic.

For speaking opportunities, paper presentation, participation, exhibition, sponsorship, partnerships and registration, visit our website: www.cahless-africa.com. You can also reach through mail: admin@cashless-africa.com.