- Lee highlighted the importance of addressing the digital divide
- This will allow broad participation in the digital economy
- The 3i Africa Summit brought together over 2,000 stakeholders
At the recent 3i Africa Summit, Huawei, a leader in mobile money and digital finance solutions, reaffirmed its commitment to supporting Ghana’s digital infrastructure efforts.
The summit’s theme, “Unleashing Africa’s Fintech and Digital Economic Potential,” aligned perfectly with Huawei’s mission to promote financial inclusion across the continent.
Bridging the Digital Divide
Mr. Lee Maina, a Huawei representative, highlighted the importance of addressing the digital divide. He emphasized the need to extend infrastructure beyond commercially viable areas to reach underserved communities. Collaboration between governments, donors, telecom operators, and manufacturers is crucial to achieve this goal.
Focus on Accessibility and Affordability
While infrastructure is vital, Mr. Maina stressed the need for affordable devices and data plans. This will allow broad participation in the digital economy, particularly in rural areas.
Building Trust and Financial Literacy
Beyond access, Huawei recognizes the importance of consumer education and trust in financial technology. The company invests heavily in research and development to ensure the reliability and security of its mobile money platforms.
Huawei’s Mobile Money 2.0: Innovation and Success
Huawei’s Mobile Money 2.0 boasts a 99.999% reliability rate and facilitates a high volume of transactions. This platform has been successfully deployed in countries like Ethiopia and Kenya, earning Huawei and Ethiopia Telecom an award for the most innovative digital finance app in the telecom industry.
Empowering Developers and Businesses
Huawei’s Mini App development platform allows governments, mobile money providers, and financial service providers to leverage the talents of young developers. This fosters innovation and creates a diverse ecosystem of financial services.
Next-Gen Credit Scoring for Financial Inclusion
Recognizing the importance of credit inclusion, Huawei offers an AI-powered credit scoring solution. This empowers service providers to offer objective, real-time risk assessments based on user data. This solution has helped financial institutions in Sub-Saharan Africa achieve impressively low non-performing loan rates.
Driving Localized Innovation
Huawei goes beyond basic financial services with its Mobile Money 2.0 platform. It empowers FinTech players to create end-to-end solutions that address specific challenges and streamline financial operations. This commitment to localized innovation ensures efficient resource allocation and drives financial empowerment across Africa.
The 3i Africa Summit brought together over 2,000 stakeholders from across the FinTech and digital development landscape. Huawei’s participation highlights its dedication to working with Ghana and other African nations to build a more inclusive and prosperous digital future.
