Deploying ‘leapfrog' tech in Africa is no easy task, finds CBP Forum
African central banks still face significant challenges creating the right technology platforms to meet core central banking and financial system requirements, despite their ability to adopt modern technology and ‘leapfrog' legacy systems deployed in other parts of the world.
Although some African countries have embraced technology, notably mobile banking and payments, to catch up and overtake some of their developed world peers, the continent still faces acute technology challenges. Many
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