A new reality: borderless cash management in Africa

Man with mobile phone at desk with computerMan with mobile phone at desk with computer

Pan-African banks are standardizing payment systems across multiple countries and economic regions, encouraged by the ongoing political will to build regional harmonisation with common currencies.

The economic future of the African continent depends on these developments, underpinned by powerful technology. The question now is whether the use of cash will change forever, how far banks have now got with their open banking and digitalization projects, and which barriers still remain that are holding back progress.