Central banks in Africa make it a little easier for digital remittances

“Financial regulators such as central banks in Africa are caught in a delicate balancing act as they create workable regulatory platforms for digital remittances while guarding against illicit financial flows and money laundering.”

Source: https://www.gfmag.com/magazine/may-2019/central-banks-ease-path-digital-remittances

Most countries in Africa have citizens working abroad and so it is in their interest to promote and facilitate digital, cross-border remittances and e-commerce payments. Is tapping into international digital finance platforms the way to go? What other solutions could facilitate international digital payments and empower African nations?

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