The Executive chairman and founder of the Africa Prosperity Network,Gabby Asare Otchere-Darko, has called on African leaders across the continent to approve and make cross-border Mobile Money transaction possible.
He made this appeal during the InteroperabilitySymposium on Friday, July 5,2024 at the Labadi Beach Hotel, themed ‘Scaling up Interoperability: Using Mobile to Buy & Sell Across Africa’ aimed at promoting cross-border mobile roaming and mobile money exchange, as well as to create an interconnected economy in Africa.
Addressing participants at the symposium, Mr. Otchere-Darko emphasized that, the aim of making Africa interconnected through mobile money can only be achieved when the continent’s leaders accept it despite current challenges.
“Currently, numerous mobile operators and financial institutions operate in silos, creating an environment of limited interoperability that constrains the continent’s economic potential. Key stakeholders, including Mobile Network Operators (MTN, Orange, Telecel, MT, Safaricom, Vodacom and Airtel), Financial Institutions (Commercial banks, Development banks), Regulatory Bodies (Telecom Regulators, Central Banks, National Security Agencies), Trade Associations and Governments, hold pivotal roles in this ecosystem. Above all, we need the political will of African leaders and the courage and commitment of our central bank governors to make cross-border payment possible”, he said.
Mr. Otchere-Darko highlighted that, the move is to achieve smooth mobile money transaction across Africa boarders.
“The Africa Prosperity Network, supported by its valued partners, is committed to advocating the urgent need for continent-wide interoperability and makes this special appeal to all heads of government, central bank governors and national communications authorities for their support. By rallying central banks across the continent, we aim to foster a cohesive approach to achieving seamless mobile money transactions.
This unified effort is essential to drive the adoption of interoperability standards and ensure the successful integration of mobile money systems across Africa.“
“We can unlock the full potential of mobile money and drive sustainable development across the continent. The time to act is now, and with concerted efforts, we can build a more inclusive and prosperous Africa”.
