FINSYS has been actively working to develop a healthy pipeline of projects with different stakeholders and partners.

 

Its first flagship project falls under its first pillar objective i.e financial market infrastructure. FINSYS is promoting and facilitating the development of payments scheme arrangements (above and beyond technology) that enable cross borders transfers to happen in a manner that is efficient, transparent, accessible, and affordable.

 

FINSYS believes that such schematic arrangements could be structured to embrace inclusivity in terms of access and usage. They could also be effective in supporting the aspirations of the African Continental Free Trade Area Agreement when adopted, adapted and integrated with other arrangements on the Continent.

 

FINSYS will be working within the tripartite region ie. SADC, EAC, COMESA  to prove this concept, that payments schemes can indeed play such effective role in the context of cross border retail transfers that are cleared and settled on a daily basis in existing regional or domestic RTGS systems. Lessons will be drawn from scheme that are being actively implemented including SADC TCIB scheme.

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This project is being implemented with support from the Bill and Melinda Gates Foundation under the Inclusive Financial Systems (IFS) program.