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Mumba money CEO and Mukuru CIO share insights at a financial services event in Johannesburg

by Mandla Ndlovu
23 Nov 2023 at 11:17hrs | Views
The Evolution of Cross-Border Payments Conference held in Johannesburg brought together industry leaders, experts, and visionaries to discuss the future of the global payments landscape. The event witnessed the presence of prominent figures in the financial services industry, including Priscilla Tatenda Matsambire, CEO of Mumba Money, and Sandra Rheeder, CIO of Mukuru.

The conference shed light on various pressing issues, including financial inclusion and the impact of digitalization on cross-border remittances. Priscilla Tatenda Matsambire, the CEO of Mumba Money, emphasized the urgent need for Africa to bridge the gap between the banked and unbanked populations. She stressed the importance of finding innovative solutions to enable informal traders to access formal financial systems easily.

Matsambire's presence and insights served as a reminder of the immense potential lying within the African market. By creating accessible and user-friendly financial services, the region can uplift individuals and businesses, providing them with the tools they need to thrive economically.

Sandra Rheeder, the CIO of Mukuru, participated in a panel discussion that revolved around the role of digital revolution in cross-border payments. As cross-border payment volumes are projected to exceed $250 trillion by 2027, it is crucial to equip the industry to handle these increasing volumes efficiently. Rheeder, along with fellow panelists, shared valuable insights on the ongoing digital revolution and its influence on cross-border remittances.

The two-day conference saw over 25 industry-leading speakers share their knowledge and experiences with the attending delegates. Participants gained a unique understanding of how to develop more streamlined and efficient cross-border payment systems to support global economic activity. Additionally, they explored significant opportunities for innovation and growth in the field.

Sandy Rheeder expressed her enthusiasm about participating in the Evolution of Cross-Border Payments Conference. She remarked on the numerous opportunities presented for industry players to collaborate and simplify the financial landscape, ultimately benefiting end consumers. The event fostered an environment of collaboration, encouraging stakeholders to work together towards achieving greater financial inclusion and seamless cross-border payments.

As the global economy becomes increasingly interconnected, it is imperative to establish efficient and secure mechanisms for cross-border payments. Industry events like the Evolution of Cross-Border Payments Conference serve as catalysts in driving the transformation of the financial services landscape. By sharing their expertise, industry leaders like Priscilla Tatenda Matsambire and Sandy Rheeder inspire others to embrace innovation and leverage digital technologies to foster financial inclusion and accelerate economic growth.

The conference highlighted the significance of embracing technological advancements to create solutions that address the needs of both banked and unbanked populations across Africa. By leveraging digital revolution, financial service providers can shape a future where cross-border payments are streamlined, secure, and accessible to all.

Source - Byo24News