Bill & Melinda Gates Foundation to join SWIFT meeting in Mauritius
It will look at ways to deliver financial services to Africa's unbanked population.The Bill & Melinda Gates Foundation has announced it will join the first meeting of the SWIFT African Advisory Group (AAG) on May 16th in Mauritius, as well as the African Regional Conference (ARC), to look at areas for collaboration on delivering financial services to Africa's unbanked population.
David Lubinski, Senior Program Officer at foundation's Financial Services for the Poor program, will speak about how the program is working to expand financial inclusion through applying digital financial services and technologies to millions of people who currently lack access to formal financial services in Africa.
He will also discuss the megatrends that are expected to shape the future of the continent over the next decade, which include the rise of the middle class, technological transformation, climate change and economic interconnectedness.
"Financial inclusion is one of the most acute challenges facing this continent. With its population expected to double within the next 35 years, tackling financial exclusion is absolutely critical in helping Africa's poorest," said Sido Bestani, SWIFT Head of Middle East, Turkey & Africa, in a press release.
The Financial Services for the Poor program aims to help people in the world's poorest regions improve their lives and build sustainable futures by connecting them with digitally-based financial tools and services.