On May 3, 2024, Zenpay Limited, a subsidiary of Zenith Bank Plc, signed an agreement with the African Continental Free Trade Area (AfCFTA) secretariat, committing to developing and deploying the SMARTAfCFTA portal. The development of this platform is a significant step towards revolutionizing intra-African trade through digital innovation. Factors such as limited access to reliable internet infrastructure, low levels of digital literacy, regulatory barriers, and insufficient financial inclusion have contributed to Africa’s lag in digitized intra-African trade.
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