The Global Finance & Technology Network (GFTN) is a not-for-profit organisation established by the Monetary Authority of Singapore (MAS) in 2024 to harness technology and foster innovation for more efficient, resilient, and inclusive financial ecosystems through global partnerships. GFTN organises convening forums, offers advisory services on innovation ecosystems, provides access to transformative digital platforms, and invests in technology startups with the potential for growth and positive social impact through its venture fund.
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Interoperable instant payment systems are facilitating economic growth, regional cooperation, and financial inclusion in Southeast Asia, India, and Latin America, and have become a strategic priority for development institutions, central banks, and finance organisations.
Likewise, real-time payments systems are projected to contribute significantly to GDP growth and financial inclusion objectives in Africa in the coming years. But even as countries make progress towards the adoption of such systems, interoperability challenges remain a key obstacle to cross-border linkages that can drive growth at a regional level.
This roundtable will bring together central banks, financial institutions, technology providers, and international organisations to identify the regulatory, technical and financial challenges faced by African payments ecosystems when it comes to building for interoperability; explore the opportunities that African payments players can seize in the short-term for enabling interoperability across fast payments systems, from regulatory intervention to linking payment infrastructures and advocating the use of common standards; and develop roadmaps towards shared standards, governance rules, and technical specifications in the space.
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