AGPAYTECH LTD.

Outpacing FDI: The Surging Influence of Remittance Flows in 2024 📍 In 2024, #remittances to low and middle-income countries are expected to reach an astonishing $685 billion, surpassing foreign direct investment (#FDI) and Official Development Assistance (#ODA) combined. ⭕ This milestone reinforces the critical role of remittances in fostering economic stability and supporting livelihoods in many regions around the globe. 🔸 #India tops the inflow of remittances in 2024, with an estimated inflow of $129 billion. The top five recipient countries underline the significance of this flow: 🔹 India leads with an inflow of $129 billion, 🔹 Followed by Mexico ($68 billion), 🔹 China ($48 billion), 🔹 The Philippines ($40 billion), and 🔹 Pakistan ($33 billion). ⭕ Beyond the large economies, smaller nations like #Tajikistan (45% of GDP) and #Tonga (38% of GDP) rely heavily on remittances, showcasing how they bridge fiscal gaps and sustain economies. ⭕ Remittance flows are bouncing back with steady growth globally: A 3% increase for Europe and Central Asia, reversing last year’s decline. 3.3% growth for East Asia and the Pacific (excluding China). 2.4% growth in Sub-Saharan Africa. 💱 Over the past decade, remittances have surged by 57%, while FDI has declined by 41%, further widening the gap. 〽️ This trend demonstrates that remittances are not just financial transfers. They are lifelines connecting families, stabilizing economies, and fostering resilience in challenging times. 💲 As remittances continue to outpace other forms of external financial flows, it’s vital to recognize and optimize their impact on global development. 📍 How do you think policymakers and stakeholders can enhance the positive impact of remittances? 🎄 Share your thoughts below! #remittance #investment #worldbank #imf #FDI #ODA #aid #india #tonga #africa Kwabena Apeagyei Opeyemi Jimoh Samuel Darko-Head, GhanaPay Greg Head linkednew corp Yaw Appiah Lartey, ESQ, FCCA, FCA Cecilia Ihrivbogbe Anthony Kofi Botwe Judith Ansah Godfed Razak Assan Kenneth Ikenwa Nash Singh Uppal Akhil Rao ATLMoney RemitAll Software

🌍 How the “3 Opens” Will Redefine Digital Payments in Africa by 2025 Africa’s digital payment landscape is set for a seismic transformation, driven by #OpenBanking, #OpenFinance, and #OpenData synergy. ⭕ These "3 Opens" promise to revolutionize financial inclusion, boost innovation, and empower millions across the continent. But what does this mean for Africa, and how can it address some of the region's pressing financial challenges ❓ 🔰 What Are the “3 Opens”? ☑️ Open Banking: Facilitates secure sharing of financial data between banks and third parties, enabling seamless digital payment solutions. ☑️ Open Finance: Broadens this sharing to include other financial services like pensions, insurance, and investments. ☑️ Open Data: Establishes a framework for transparent data exchange to empower individuals with more personalized financial products. 🔰 Countries Leading the Charge ✅ #Nigeria: The Central Bank of Nigeria launched its Open Banking Framework in 2021, encouraging APIs that drive innovation in fintech and enhance customer experiences. ✅ #Kenya: The country, known for its mobile money pioneer M-Pesa, is exploring regulatory frameworks to integrate open banking with its robust digital finance ecosystem. ✅ #South Africa: Open Banking adoption is gathering pace, with SARB and institutions like Standard Bank driving initiatives for secure data-sharing solutions. ⭕ The Challenge: Financial Exclusion Over 350 million Africans lack access to #traditionalbanking services, with many relying on informal financial systems. This limits access to credit, savings opportunities, and secure payment platforms. ⭕ The Solution: Benefits of Open Banking 🔺 Improved Financial Access: With Open Banking, underserved populations can access alternative credit scores based on mobile payment data, utilities, and transaction history. 🔺 Affordable Financial Products: By reducing overhead costs for banks and fintechs, Open Banking paves the way for lower fees and more affordable digital financial products. 🔺 Fostering Innovation: Startups can integrate APIs to offer tailor-made solutions, such as mobile wallets, micro-loans, and e-commerce payment systems. 🔺 Cross-Border Payment Opportunities: Open Finance can boost regional trade by enabling easier, cheaper, and faster cross-border transactions. 🧤 Going into 2025 If embraced widely, the “3 Opens” could bring millions into the formal financial fold, redefine customer experiences, and position Africa as a global fintech leader. What do you think about Open Banking’s role in Africa's financial revolution? Share your thoughts below! #Fintech #DigitalPayments #FinancialInclusion #OpenBanking #Africa2025 Stanley Itayi Tasiyana Angel Bliss Pepertual Lartey, CA Victoria Oppong-Asamoah kwartey Quartey Samuel Namwanja Musoke Dr. Mahamudu Bawumia Loretta Fobia Addison Addison Golo Cedric N'guessan Bless Delali Laura McCracken BABATUNDE OLAREWAJU (MSc, BSc (Hons), MCILRM, DCP, NMetS) BarryTawiah Quartey-Papafio

⛑️ As we wrap up 2024, it’s clear that the digital payment space continues evolving remarkably. This year brought significant shifts and trends reshaping transactions, empowering businesses, and driving financial inclusion globally. At AGPAYTECH LTD., we’ve been closely observing and adapting to these dynamics. Here's a #snapshot of key trends that defined 2024 and a look into what’s ahead: 🥽 The Rise of Open Banking and Open Finance: The widespread adoption of open banking has unlocked new opportunities for seamless integration between banks, fintechs, and third-party platforms. In Africa, countries like #Nigeria and #SouthAfrica have led the charge, fostering greater financial inclusion and innovation. 📲 Cross-Border Payment Innovations: With increasing globalization, solutions for faster, cheaper, and more secure cross-border payments have gained traction. Digital wallets and blockchain technologies have played a pivotal role in simplifying remittances across regions. 🗑️ Buy Now, Pay Later (BNPL) Expansion: The #BNPL model gained significant ground this year, especially among #SMEs and young consumers, offering flexible payment solutions that align with shifting spending habits. ✂️ Enhanced Security Measures: #Cybersecurity innovations and #AI-driven fraud detection became focal points to counteract the rise in cyber threats, ensuring the trust of users in digital platforms. 🧲 Sustainability in Payments: #Greenfintech initiatives emerged prominently, with companies exploring ways to reduce their carbon footprint through sustainable payment solutions and supporting renewable energy integrations. 🔭 What the Future Holds for Fintech ❗ Embedded Finance: Expect to see financial services integrated seamlessly into non-financial platforms, enabling businesses to provide tailored financial products to their customers. ❗ Regtech Solutions: As regulations evolve, fintechs must invest in compliance technologies to navigate complex landscapes while maintaining transparency. ❗ DeFi and CBDCs: Decentralized finance and Central Bank Digital Currencies (CBDCs) will redefine how we perceive and interact with digital payments. ❗ AI and Big Data: Leveraging AI for personalization and predictive insights will empower service providers to cater to diverse customer needs. ⭕ At Agpaytech Ltd., we’re proud to be part of this transformative journey, working diligently to provide innovative and inclusive payment solutions. To our partners, stakeholders, and customers your support fuels our drive to pioneer groundbreaking solutions. Here's to an exciting and innovative 2025! Thank you for being part of our journey. 🌍💳 Maria Santa MariaMary Davis Maria Fearon CAMS, CFCS, CRCMP, MBA, DCP, MSc Lucy Nsiah-Asare ACMA, CGMA, CA Gladness G M. Marius C. Matei Abdul-Aziz Alhassan Fáforíjì Adébímpé Bless Delali Angel Bliss Pepertual Lartey, CA Edward Campion Samuel Darko-Head, GhanaPay

📢 African countries are Embracing Open Banking ‼️ Countries like #Nigeria, #Kenya, and #South Africa are embracing #OpenBanking as part of broader efforts to modernize their regulatory frameworks and financial inclusion. These initiatives enhance #dataprotection and ensure the ecosystem operates efficiently and securely. ☀️ Ghana follows OB initiative with regulatory approach The Bank of Ghana (BoG) has taken a significant step toward fostering digital innovation and enhancing the financial ecosystem with the publication of the Draft Open Banking Directive. 📍 This initiative, developed in collaboration with key stakeholders, is aimed at: ✅ Establishing clear rules on data protection, security protocols, and operational standards ✅ Driving the secure sharing of customer-consented data to promote inclusivity and innovation ✅ Facilitating collaboration among regulated financial institutions to offer consumers diverse financial products and services ✅ Enhancing competition within the financial services sector 📍 The Open Banking Directive represents a commitment to ensuring Ghana's financial ecosystem remains secure, efficient, and globally competitive. 📞 BoG is inviting public comments within 30 days of publication (Dec 20, 2024) to refine and #operationalize this transformative directive. #OpenBanking #FinancialInnovation #DigitalTransformation #BankofGhana #FinTech Yaya Jata Fanusie Gloria Ukamaka Christopher Vannessa Opoku-Adjei Gloria M. Goh Patrick Nii Okaitey Nunoo Irene Awuku-Asabre Richmond Adu Addo Rita Martins Samuel Namwanja Musoke Desmond Kumi Smith Edward Asafu-Adjaye Edward Asare Judith Naa L. Ayiku Judith Tekyi Mensah ACPA Juma Musa Vincent Musah Musah Abdallah Fintech Association Of Kenya Open Bank Open Finance Association Open Banking Nigeria

🌐 Botswana Central Bank Emphasizes Proactive Crypto Regulation Amid Minimal Immediate Risks 💱 ⭕ Africa at a glance The foreign exchange crisis is gripping several #African countries and using #Stablecoin and cryptocurrency are becoming compelling. ☑️ Africa experienced modest growth in cryptocurrency value, reaching $125 billion, a $7.5 billion increase from the 2023 year, despite accounting for 2.7% of global transaction volume- #Chainalysis ☑️ And the number of crypto users is expected to reach 53.89m users by 2025. 📍 #Nigeria maintained its position as a top global player, ranking second worldwide, while #Ethiopia (26), #Kenya (28), and #South Africa (30). But there is a growing interest ‼️ In its latest Financial Stability Report, the Bank of Botswana highlights that the #crypto market currently poses minimal #risks to financial stability. 🔍 Key Insights from the Report: 1️⃣ Minimal Impact for Now: The underdeveloped local crypto market presents limited threats to Botswana's financial system. However, systemic risks and potential chain reactions within the financial ecosystem—could emerge as crypto adoption grows globally. 2️⃣ Money Laundering Red Flag: One pressing concern is the use of digital platforms for money laundering and terrorist financing. Identified among the top five national security risks, the report calls out the complexities of financial technologies that facilitate undetected global fund transfers. 3️⃣ Urgent Regulatory Action Needed: To address these risks, the bank recommends: 🔹 Compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) rules. 🔹 Strengthened market surveillance to detect illegal activities. 🔹 Enhanced collaboration between regulators and law enforcement agencies. 📊 Why This Matters: Cryptocurrency may not yet pose an immediate threat to Botswana's financial system, but #preparedness is key. This proactive stance by the Bank of Botswana is a blueprint for other nations to balance innovation with financial security. 💡 ❓ What do you think about the role of regulation in shaping the crypto ecosystem? Share your insights below! 👇 #FinTech #CryptoRegulation #Botswana #FinancialStability

🌍 Nigeria’s Diaspora Remittances Surge by 61% in One Year! 💸 The Central Bank of Nigeria (CBN) has announced an extraordinary increase in diaspora #remittances! 📍 Between January and October 2024, remittances through International Money Transfer Operators (#IMTOs) hit $4.22 billion, a staggering 61.1% rise compared to the $2.62 billion recorded during the same period in 2023. CBN Governor #Olayemi Cardoso, during an engagement with the Senate Committee on Banking, Insurance, and Other Financial Institutions, highlighted that this growth reflects significant confidence in the nation’s financial systems and policies. 📈 #Monthly remittances rose from $336.61 million in September to $402.38 million in October. 🏛️ Enhanced #efficiency in the remittance process has streamlined contributions from Nigerians in the diaspora. ⭕ This surge demonstrates the commitment of #Nigerians worldwide to driving national development. It shows that our global community can significantly contribute to the nation’s growth with the right infrastructure and trust. #Nigeria #DiasporaRemittances #FinancialGrowth #CBN #NationalDevelopment #GlobalCommunity #imto #fintech Blewusi Delali Kpornyo, MBA, BSc. Cyril Okoroigwe CISA, CISM, CRISC, PMP Kemi Ogunremi Fintech Association Of Nigeria Olugbenga Adebayo Kenneth Ikenwa Kenneth Ugwuanyi Kofi Andoh Addison Ikenna Onyeabor Newton Ikenwaso, ACA Ike.S Anison ATLMoney Stephen Otu-Amoah, C.A , M.A-Economic Policy

⭕ Telecom Retail Banking & Fintech Shifts in Africa - 2024 Insights The African financial sector is rapidly evolving, with telecom operators and FinTechs driving innovation and financial inclusion. ⭕ Key highlights: ✅ Telecom Impact: Telecoms like Safaricom PLC (#MPesa) and MTN (#MoMo) are bridging financial gaps with mobile money platforms, enabling transactions, savings, and cross-border remittances. ✅ Regional Leaders: #EastAfrica leads with 488M transactions, while #WestAfrica sees rising adoption with 347M, fueled by platforms like airtel Money and Orange Money. ✅ Game-Changing Collaborations: FinTechs and telecoms are leveraging #APIs, AI, and partnerships with global players like Visa and Mastercard for seamless services. ✅ Enhanced Payments: FinTech startups innovate with #QRcodes, embedded finance, and #blockchain to transform retail banking and digital payments. 📈 Key takeaway: Strategic partnerships and innovation are redefining banking models, delivering convenience, inclusion, and scalability in #Africa. 💡 What's next? Collaborative frameworks to overcome #regulatory, #privacy, and infrastructure barriers for sustainable growth. #DigitalBanking #FinTech #TelecomInnovation #AfricaFintech #FinancialInclusion #momo #mpesa Cecilia Ihrivbogbe Cedric N'guessan Angel Bliss Bonno Pearl Onamile CXAC(Cert) Mathew (Mat) Donald, BEc MPM PhD (Bus.) FCPA MAIPM or (Dr Mat) Pi-Shen Seet Pierre Pinson Bless Delali Yaw Osei-Tutu Esther O. Ben Bignell Ben Amoah-Adjei, CFA benjamin offeh

Can #XRP Break Resistance and Resume Bull Run ❓ With Ripple's #XRP market cap of $143bn, it overtakes #TetherUSD to cement the #3 place on December 17. ❓ But can #XRP break the resistance and maintain dominance? 📍The #XRP broke resistance and took the third place on the crypto market chart with a market cap of $143.04 billion. ☑️ Currently, 1 XRP equates to 2.50 USD. The XRP performance represents a 7.25% increment over the last 7 days. XRP's market cap has surpassed Tether USD ($140 billion). As Ripple launches RLUSD$, a #stablecoin digital currency, XRP goes up 5% as the market reacts to Ripple’s move 💱 Ripple’s RLUSD is live on the XRP Ledger and Ethereum, backed by USD reserves for stability. Listed on platforms like Uphold, MoonPay, and Bitso, #RLUSD simplifies cross-border payments. Ripple Bitcoin Inc. Ethereum Akhil Rao Dr. Paritosh Basu Robby Schwertner [CryptoRobby]🦋 Africa Digital Finance Summit (ADFS) Dr. Dirk Sturz Alfredo Muñoz García Sam Moncur LLB Satoshi Nakamoto Nakampe N Modika (ND - Electrical, PPM, BMin, MBA) Albane de Vauplane Alexander Tarabanov Crypto Scout Crypto