151: Financial Technology and the Emerging Digital Money Market: What Can we Learn From Africa? (12667)

Friday, August 9, 2024

13:30 – 15:30 CT (GMT-5/UTC-5)

Location: Sheraton: Bucktown

Session Number: 151
PDW (workshop)
Orientation: Practice,International,Theme,Research
Shareable link: https://cdmcd.co/pMAn6x

Organizer(s)

SK

Saouré Kouamé

Telfer School of Management, U. of Ottawa, Canada

Panelist(s)

MK

Mayowa Kuyoro

Partner and Head of West Africa Financial Services at Mckinsey & Company
KO

Kwame Oppong

Partner and Head of West Africa Financial Services at Mckinsey & Company
MW

Mung Ki Woo

COO Financial Services at Sopra Steria, former creator and Head of Orange

Organizer(s)

JO

Johnson Delali Oware

-, Canada
LB

Laurent Béduneau-Wang

Africa Business School, Mohammed VI Polytechnic U., Morocco

Panelist(s)

GK

George Kuk

Nottingham Trent U., United Kingdom
LN

Lite Nartey

INSEAD, France
EO

Eivor Oborn

U. of Warwick, United Kingdom
HR

Hans Nikolas Rawhouser

U. of Nevada Las Vegas, United States
CA

Clara Arthur

FinTech Professional Financial inclusion expert at UN Capital Development Fund
EH

Eli Hini

Chief Executive Officer, MTN Mobile Money Payment Service Bank Limited

Moderator(s)

TR

Tatbeeq Raza Ullah

Money as we know it, is rapidly metamorphosing into a digital form in tandem with the current trajectory of global digitalization. This PDW will bring together AOM scholars and leading industry experts (Telcos, Banks, and FinTechs, consultants etc.) to create a dialogue on this subject of immediate relevance and its implication for practice and research. We intend to leverage on the case of the African digital money market as a starting point for the discussion, owing to the pioneering role that Africa has played in digital financial innovation and the emerging digital money market, for example by being the first to launch a larger digital currency market (Mobile Money), and one of the first to launch central bank digital currency. We will contrast the learning from Africa with the experience from other contexts (e.g. Europe, Asia and North America) because this trend is global and impacts all continents and all banking sectors. In addition to the mainstream digital currencies, we introduce a complementary currency perspective into our discussions. We will examine the broader implications of the digital money revolution, especially in terms of fostering inclusive growth and financial inclusion. We expect the discussions to provide insights on this topic from varying angles and generate a plethora of future streams of research in the areas of strategy, entrepreneurship, digital transformation, and innovation, as well as societal grand challenges.