Africa, India to work on cross-border mobile payments, financial integration

The African Development Bank (AfDB) Group and India’s YES BANK Limited, will be holding a joint Indo-African Knowledge Exchange Workshop on regulation of cross-border mobile payments and regional financial integration from March 29-30, 2012 in Mumbai.

The cross-border knowledge workshop, according to the AfDB, aims to create a knowledge forum for “Indian and African policy makers to discuss the challenges faced by the regulation of mobile financial services across borders; share experiences on the financial integration brought about by existing cross-border mobile payment systems”.

They will also explore ways of easing financial integration by facilitating cross-border mobile money flows – while maintaining regional and national financial stability and integrity, the Bank said in a statement.

Key stakeholders from India and various African countries expected to take part in the workshop include representatives from the RBI, the National Payments Council of India, African Regional and National Central Banks, Economic Communities, Monetary Institutes, Banking Institutions and Payment Systems, Mobile Money Service Providers, Commercial Banks, and Training Institutions.

By Ekow Quandzie