The excessive use of cash lowers the efficiency and security of transactions, increases the cost per transaction and hinders the reduction of the prices of payment services. ABI’s commitment in favour of a rapid development of electronic payments is commendable.
It is all the more impressive, therefore, that the broader trajectory in Africa is one of progressive entrenchment of the democratic dispensation, adherence to the rule of law, and sound economic reforms, with laudable returns in some cases, in terms of overall economic performance.