Formalizing Digital Financial Services Associations – Lessons from Africa
In its market convenor role, the United Nations Capital Development Fund (UNCDF) established working groups on digital financial services in Ethiopia and Malawi. Under the European Union and Organization of African, Caribbean and Pacific States (OACPS) funded Digital Financial Services for Resilience (DFS4Resilience) programme, the working groups brought together government partners, financial service providers, payment providers, fintechs, and other stakeholders. The aim was to address fragmented approaches by players in the ecosystem, promote growth in the digital economy and accelerate financial inclusion.
The working groups have successfully transitioned into associations and are at the final stages of formalization. UNCDF is organizing a webinar to shed light on these working groups’ formation and subsequent transition journeys. The webinar aims to provide insights into their experiences, challenges, and successes, offering practical recommendations and learnings to stakeholders in the DFS ecosystem interested in establishing or participating in associations.