The Central Bank of Nigeria, CBN, has signed a FinTech collaboration agreement with the Central Bank of Egypt.
This announcement was disclosed via the official Twitter handle of the apex bank.
Central Bank of Nigeria signs FinTech collaboration agreements with the Central Bank of Egypt #FinancialInclusion #FinTech #SeamlessNorthAfrica2023. pic.twitter.com/pswcIA7aMy
— Central Bank of Nigeria (@cenbank) July 18, 2023
The Deputy Governor of CBN, Mrs Aishah Ahmad says the partnership would deepen cross-border regulatory collaboration, and information sharing, boost innovation and grow regional technology investments.
This agreement was signed during the “Seamless North Africa 2023” conference at the Egypt International Exhibition Center in New Cairo, Egypt.
The Seamless North Africa conference brings together the entire financial ecosystem to discuss, debate and evaluate the future of money.
The Deputy Governor of CBN, Mrs Aishah Ahmad says the partnership would deepen cross-border regulatory collaboration, and information sharing, boost innovation and grow regional technology investments. She said:
- “We look forward to cultivating an innovative space for fintech startups and entrepreneurs in Egypt and Nigeria to accelerate financial inclusion, deepen our payment systems and drive economic growth across the African Continent.”
This signing of the agreement took place during the “Seamless North Africa 2023” conference at the Egypt International Exhibition Center in New Cairo, Egypt.
The Seamless North Africa conference brings together the entire financial ecosystem to discuss, debate and evaluate the future of money.
Deepening financial inclusion
In reports from the Egyptian media platform, the MoU with the Central Bank of Nigeria (CBN) would help foster the exchange of expertise in the realms of fintech, innovation, e-payment solutions, and financial inclusion.
The MoU was also signed together with the London Institute of Banking & Finance which is aimed at delivering specific training programs, workshops, and courses to Egypt’s fintech leaders.
This strategic alliance aims to equip Egyptian fintech professionals with state-of-the-art knowledge and abilities, cultivating an atmosphere of progress and creativity within the industry.
