The study was carried out using three case studies; SmartMoney from Uganda, NWK Agri-Services from Zambia, and Rice Mobile Finance (RiMFin) from Ghana.
- Large commodity buyers want to reduce the administrative, record keeping, security and other costs involved in using obsolete cash payment schemes while establishing a closer direct relationship with their farmers.
- In order to reduce their costs, large buyers are willing to invest in the rollout of mobile payments in rural areas where traditional mobile money – and commercial finance – models are not economically viable.
- In addition, MFSPs – who rely on a volume-based business model – can register new subscribers and increase their transaction fee income while farmers get the benefits of convenience, safety, security and their own financial identity
2-3 October 2014. Kigali, Rwanda. Smart Rwanda Days 2014 – Digital Payments
SMART Rwanda Days is an annual event bringing together national and international stakeholders in the ICT sector – industry experts, policy makers, and development partners – to discuss how Rwanda can leverage Information Communication Technologies for economic transformation in line with Vision 2020.
Building on the successful SMART Rwanda Days 2013, and the Transform Africa Summit, last year’s SMART Rwanda Days provided a platform for stakeholders to discuss how ICT can contribute more significantly to Rwanda’s economic and social development. Download the programme.
In the last 3 years the Government of Rwanda in partnership with financial institutions have worked to build a strong foundation for electronic payments resulting in the country now being part of global interoperable payment systems. Mobile money services are growing financial inclusion and electronic payments swiftly as evidenced by the number of users and the total volumes in mobile transactions. As a result more Rwandans are financially included. Additionally, POSs have grown from 40 in 2012 to over 1,000 today adding to the increase in electronic payments steadily. There are over 4.5 millions mobile payments subscribers; over 13,000 mobile money agents; over 500 bank branches + over 1000 bank agents and over 350 ATMs that giving more Rwandans have more access to places to digitize and access their monies. In 2013, Rwanda became the first country in the world to achieve interoperable mobile payments with the launch of mVISA – the world’s first mobile interoperable mobile payments platform that allows banks to reach underserved and unbanked populations.
This session presented steps taken by the Government of Rwanda towards adopting an Open Data Policy and examined the progress made by other African countries in developing their own policies. Regional and international experts in Open Data shared successes, challenges and best practices from their country’s or organization’s perspectives.