CBE hosts 2 workshops to enhance integration of payment systems in Africa

CAIRO, April 22 (MENA) – The Central Bank of Egypt (CBE) hosted two workshops in cooperation with the Association of African Central Banks (AACB) to develop integration of payment systems in Africa.

The CBE said in a statement on Monday that the three-day workshops focused on enhancing integration on the systems of regional payment and developing a strategy for regional integration on payment via mobile phones in Africa.

The workshops were held in the presence of payment directors of the 40 member banks of AACB and a host of regional and international banking experts.

Lobna Helal, CBE deputy governor, said hosting the workshops reflects the leading role played by the CBE to cement cooperation among the AACB members and strengthen coordination with international and regional institutions to improve the economic and banking systems.

Helal added that playing host to the workshops is meant to achieve development and integration of African economic ties in light of Egypt’s chairmanship of the African Union.