{"id":181870,"date":"2024-05-13T20:58:53","date_gmt":"2024-05-13T20:58:53","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/13\/more-than-40-of-people-in-sub-sahara-africa-dont-have-digital-ids\/"},"modified":"2024-05-13T20:58:53","modified_gmt":"2024-05-13T20:58:53","slug":"more-than-40-of-people-in-sub-sahara-africa-dont-have-digital-ids","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/13\/more-than-40-of-people-in-sub-sahara-africa-dont-have-digital-ids\/","title":{"rendered":"More than 40% of people in Sub-Sahara Africa don&#8217;t have digital IDs"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Singapore\u2019s Ambassador for Climate Action, Rave Menon, has highlighted the absence of legal or digital identities for many Africans in Sub-Saharan Africa.<\/p>\n<p>He noted that over 40% of Africans lack legal identification, indicating that Africa continues to grapple with challenges in the fintech sector.<\/p>\n<p>These comments were made during the opening ceremony of the 3i Africa Summit at the Accra International Conference Center on Monday, May 13.<\/p>\n<p>\u201cAfrica is on the cusp of a fintech revolution that will transform the lives of hundreds of millions of people. Africa pioneered the use of mobile money\u2026The key enablers for leveraging digital technologies are in place\u2026 But it\u2019s not a given that Africa\u2019s fintech revolution is pre-destined, Africa still has considerable challenges that it has to overcome on this fintech journey, and we need to be realistic so that we can address them.<\/p>\n<p>\u201cMore than 40% of people in Sub-Saharan Africa do not possess legal proof of identity or a digital ID. Women and ethnic minorities bear the brunt of this exclusion,\u201d he pointed out.<\/p>\n<p>He expressed concern over the number of unbanked individuals in Sub-Saharan Africa, despite African governments\u2019 efforts to prioritize financial inclusion and digitalization.<\/p>\n<p>He mentioned the Ghana Government\u2019s initiative to issue ID cards to all newborns and emphasized that Nigeria has also launched a digital ecosystem.<\/p>\n<p>Mr. Menon revealed that only 35% of the population in Sub-Saharan Africa has access to banking services.<\/p>\n<p>\u201cCross border payments transactions within Africa are still quite expensive, as they route to overseas banks involved in currency swapping. Much of the population remains unbanked or under-banked. Only 35% of the population in Sub-Saharan Africa has access to banking services.<\/p>\n<p>\u201cBut Africa is not sitting still, efforts are underway to tackle these problems. Digital identities as a key enabler for online transactions, payment connectivity for seamless cross-border payments to organizations and Artificial Intelligence (AI) to enhance financial inclusion. Digital IDs are a crucial public good.<\/p>\n<p>\u201cGovernments in Africa are prioritizing financial inclusion and digitalization. Several governments in Africa are implementing digital IDs. Ghana has begun issuing ID cards to all newborn children. Nigeria has a national launched a digital eco-system to integrate the national identification numbers with digital services,\u201d the Former MD, the Monetary Authority of Singapore said.<\/p>\n<p>\u2014\u2013<\/p>\n<p>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/p>\n<p>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: <strong>https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/p>\n<p>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Singapore\u2019s Ambassador for Climate Action, Rave Menon, has highlighted the absence of legal or digital identities for many Africans in Sub-Saharan Africa. He noted that over 40% of Africans lack legal identification, indicating that Africa continues to grapple with challenges in the fintech sector. These comments were made during the opening ceremony of the 3i [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":181874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-181870","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More than 40% of people in Sub-Sahara Africa don&#039;t have digital IDs - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/13\/more-than-40-of-people-in-sub-sahara-africa-dont-have-digital-ids\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More than 40% of people in Sub-Sahara Africa don&#039;t have digital IDs - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Singapore\u2019s Ambassador for Climate Action, Rave Menon, has highlighted the absence of legal or digital identities for many Africans in Sub-Saharan Africa. 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