Work

Fueling Sustainable Digital Future for Intra-African Trade: Using Mobile Money Interoperability to Increase the Trade Prospects of the African Continental Free Trade Area

Year: 2025

Type: article

Abstract: Globally, finance is the lifeblood of any trade activity. As such, active economic agents require the necessary banking infrastructures to gain access to convenient and affordable finance for trade. However, most regions of Africa lack the adequate infrastructure to offer access to suitable finance for trade. Digital interoperability creates a remote settlement and clearing hub between the mobile wallets of mobile money subscribers and banks that strike a balance to meet instant demand and supply of money for trade. This enables the traders to gain access to appropriate finance to drive trade prospects of the African Continental Free Trade Area (AfCFTA).

Source: AIB Insights

DOI: 10.46697/001c.144525

Authors: George Okello Candiya Bongomin, Elie Chrysostome, Michael Atingi-Ego, Pierre Yourougou

Institutions: Makerere University, Ivey Business School, Institut National Polytechnique Félix Houphouët-Boigny

Language: English

Topic: Digital Transformation in Financial Services

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4414606333