AZA Finance, Africa’s largest non-banking institution specializing in cross-border international payments, foreign exchange and treasury services, has joined the Business and Financial Times (B&FT) organized The Money Summit (TMS) 2022 as a sponsoring partner key.
The Money Summit (TMS) 2022 is scheduled to take place at the Marriott Hotel on Tuesday, April 26, 2022 at 9:00 a.m. The invitation-only event aims to bring together players from the financial industry, including banking, payment, insurance, investment banking, fintechs and others, to discuss relevant financial issues and propose solutions for the industry.
The 2022 edition, under the theme Africa’s Economic Growth – Facilitating Investment, Payments and Settlement Systems, will focus on payments as a gateway to the development of African financial systems on the back of the Pan-African System. Payment and Settlement (PAPSS) recently launched.
AZA Finance Country Director, Nana Yaw Owusu Banahene, in an interview ahead of the summit, where he will join experts in the first plenary session, explained that The Money Summit 2022 is a key platform to help discuss the growing conversations around payments and financial inclusion on the continent with the recently launched PAPSS and the African Continental Free Trade Agreement (AfCFTA).
“The AfCFTA was launched just over a year ago and a few months ago the PAPSS was launched. The continent is on the cusp of something big and AZA Finance is here to help play its part in increasingly fostering financial inclusion and cross-border transactions,” he said.
He added that AZA Finance will continue to work on ways to develop partnerships to develop and improve cross-border international payments, currencies and cash with licensed entities.
Addressing the company’s product offering, Mr. Owusu Banahene added that by leveraging advanced technology with our proprietary technology in our flagship products, AZA Finance is able to significantly reduce the cost and increase the speed commercial payments to, from and through African markets. in partnership with licensed local players.
“Our partners use our hybrid financial infrastructure and deep local knowledge to manage liquidity and send payments to dozens of banking networks, mobile money operators and payment aggregators across Africa,” a- he added.
The Money Summit 2022 includes two plenary sessions and presentations from the Bank of Ghana (BoG); Ghana Interbank Payment and Settlement Systems Limited (GhIPSS); PAPSS and the Ghana Investment Promotion Center (GIPC).
The first plenary session will see Dr Settor Amediku, Head of Payments Systems at BoG; Afua Adubea Koranteng, Managing Partner at Koranteng & Koranteng Legal Advisors; Nana Yaw Owusu-Banahene, country manager at AZA Finance; Ato Okyir, Group Head, New Ventures (Technology Innovation) at Letshego Group; and Attah Yeboah Gyan, Chief Financial Officer (CFO) of Fidelity Bank discuss the topic of payment and settlement system in Africa; Opportunities, challenges and way forward. This session would be moderated by Prince Moses, Managing Director of Asaase Radio.
The second session on Building Investor Confidence: A Critical Vehicle to Boost Economic Growth, will feature Deborah Agyemfra, Deputy Managing Director of the Securities and Exchange Commission (SEC); Ekow Afedzie, Managing Director of the Ghana Stock Exchange (GSE); Victor Asante, Managing Director of FBN Bank Ghana; Professor Mahmoud Abdulai Mahmoud, Senior Lecturer at the University of Ghana Business School (UGBS). The session will be moderated by Josephine A Offei, Business Consultant.
Licensed by the UK’s FCA and Bank of Spain, AZA Finance is a market maker in all major African currencies. AZA Finance was founded in 2013 and now has offices in Nairobi, Lagos, London, Luxembourg, Madrid, Kampala, Accra, Durban and Dakar.
Source: Bernard Yaw Ashadey