FinTech and the African Continental Free Trade Area: The Promise of Dgtl Financial Integration

The African Continental Free Trade Area (AfCFTA) represents a bold and historic step toward regional economic integration, offering potential for intra-African trade, job creation, and inclusive development. Yet, the success of this ambitious initiative hinges not only on tariff liberalisation and infrastructure development but also on the ability of African economies to build a cohesive and interoperable dgtl financial architecture.This book provides an in-depth and interdisciplinary examination of how financial technology (FinTech) can support the realisation of AfCFTA's goals. It explores key pillars such as dgtl payment systems, mobile money interoperability, blockchain for trade finance and supply chains, dgtl identity and Know Your Customer (KYC) protocols, cybersecurity, and the harmonisation of regulatory frameworks. Drawing on diverse African case studies, the book highlights both opportunities and structural challenges in building a secure, inclusive, and innovative dgtl financial ecosystem across the continent. By linking technological solutions to institutional reforms, it demonstrates how FinTech can enhance cross-border trade, bridge financial gaps, and empower small businesses and informal sector participants. The book's themes directly align with current high-level policy goals, including Africa's Agenda 2063, the United Nations Sustainable Development Goals (SDGs), and ongoing dgtl transformation efforts.The book is essential reading for academics, students of dgtl financial inclusion, FinTech regulation, and innovation policy in emerging markets, especially within the frameworks of institutional and regional integration theories. It will also appeal to policymakers, regulators, FinTech innovators, and development practitioners interested in Africa's dgtl and economic integration journey.

About the Author

Ibrahim Nandom Yakubu is Lecturer in Finance and Head of the Business Innovation and Incubation Department at the University for Development Studies, Ghana.

Khadijah Iddrisu is Lecturer and Coordinator in Accounting and Finance Department at the Islamic University College, Accra, Ghana.