Mastercard partners with Mobile Money Africa to host the CashlessAfrica Conference and Expo in Nigeria

Leading digital payment solutions provider, Mastercard (www.Mastercard.com), has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo (http://CashlessAfrica.com). The event is organised by Mobile Money Africa and is scheduled for 22 to 23 March, at the Oriental Hotel, Lekki in Lagos, Nigeria.

The CashlessAfrica Conference and Expo is a platform for technology companies, FinTech’s and other financial institutions to come together and share best practices in order to build a strong economy in Nigeria. The event looks at the importance of rethinking current models and gaining valuable market insight to introduce relevant digital payment solutions to the benefit of all people.

With over 85 percent of retail transactions still made in cash and cheques, the potential for digital payments to make a tangible difference is immense. This year Omokehinde Adebanjo, Vice President and Area Business Head of West Africa at Mastercard, will participate as a keynote speaker to discuss matters impacting Nigeria and the broader continent and how partnerships will be critical to shifting economies beyond cash.

“Partnerships across multiple sectors and stakeholders is a fundamental component to ensuring cash is driven out of the system and that smart innovative, and financially inclusive, solutions are introduced,” said Adebanjo.

Principal Associate of Mobile Money Africa, Emmanuel Okoegwale said, “Our partnership with Mastercard is a demonstration of the technology company’s commitment to seeking better ways of promoting a cashless culture across here in Nigeria and globally.”

Okoegwale further stated that conference discussions will focus on carefully selected topics such as:

  • The digital bank and its evolution in a competitive market
  • The future of banking, money and payments in Africa
  • Disruptive technologies and their impact on financial services in Africa
  • Balancing regulation against innovation
  • Remittances in the digital age
  • Fintechs and Banks: Collaboration or Competition?
  • Protecting the customer in a digitized economy

While the conference serves as a platform to provide a deeper understanding if the evolving financial services ecosystem, Mastercard views it as an opportunity to build strong and mutually beneficial relationships with various stakeholders dedicated to developing a World Beyond Cash.

Distributed by APO on behalf of CashlessAfrica.

About CashlessAfrica Expo 2017:
Industry thought leaders from over 40 countries will gather to address “The future of finance” in Lagos, Nigeria from the 22nd to the 23rd of March 2017. Digital disruption is shifting the balance stay of power in financial services and influencing the way, millions of people bank their money, make payments, remittances and more, in a continent where mobile phone penetration exceed bank accounts and bank cards ownership, combined.

CashlessAfrica Expo Communications Contact:
West Ekhator
KWest@MobileMoneyAfrica.com

About Mastercard:
Mastercard (NYSE: MA) (www.Mastercard.com), is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, @MastercardMEA join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

Mastercard Communications Contact:
Geraldine Grealey
Geraldine.Grealey@Mastercard.com

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Mastercard partners with Mobile Money Africa to host the CashlessAfrica Conference and Expo in Nigeria

Leading digital payment solutions provider, Mastercard (www.Mastercard.com), has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo (http://CashlessAfrica.com). The event is organised by Mobile Money Africa and is scheduled for 22 to 23 March, at the Oriental Hotel, Lekki in Lagos, Nigeria.

The CashlessAfrica Conference and Expo is a platform for technology companies, FinTech’s and other financial institutions to come together and share best practices in order to build a strong economy in Nigeria. The event looks at the importance of rethinking current models and gaining valuable market insight to introduce relevant digital payment solutions to the benefit of all people.

With over 85 percent of retail transactions still made in cash and cheques, the potential for digital payments to make a tangible difference is immense. This year Omokehinde Adebanjo, Vice President and Area Business Head of West Africa at Mastercard, will participate as a keynote speaker to discuss matters impacting Nigeria and the broader continent and how partnerships will be critical to shifting economies beyond cash.

“Partnerships across multiple sectors and stakeholders is a fundamental component to ensuring cash is driven out of the system and that smart innovative, and financially inclusive, solutions are introduced,” said Adebanjo.

Principal Associate of Mobile Money Africa, Emmanuel Okoegwale said, “Our partnership with Mastercard is a demonstration of the technology company’s commitment to seeking better ways of promoting a cashless culture across here in Nigeria and globally.”

Okoegwale further stated that conference discussions will focus on carefully selected topics such as:

  • The digital bank and its evolution in a competitive market
  • The future of banking, money and payments in Africa
  • Disruptive technologies and their impact on financial services in Africa
  • Balancing regulation against innovation
  • Remittances in the digital age
  • Fintechs and Banks: Collaboration or Competition?
  • Protecting the customer in a digitized economy

While the conference serves as a platform to provide a deeper understanding if the evolving financial services ecosystem, Mastercard views it as an opportunity to build strong and mutually beneficial relationships with various stakeholders dedicated to developing a World Beyond Cash.

Distributed by APO on behalf of CashlessAfrica.

About CashlessAfrica Expo 2017:
Industry thought leaders from over 40 countries will gather to address “The future of finance” in Lagos, Nigeria from the 22nd to the 23rd of March 2017. Digital disruption is shifting the balance stay of power in financial services and influencing the way, millions of people bank their money, make payments, remittances and more, in a continent where mobile phone penetration exceed bank accounts and bank cards ownership, combined.

CashlessAfrica Expo Communications Contact:
West Ekhator
KWest@MobileMoneyAfrica.com

About Mastercard:
Mastercard (NYSE: MA) (www.Mastercard.com), is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, @MastercardMEA join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

Mastercard Communications Contact:
Geraldine Grealey
Geraldine.Grealey@Mastercard.com

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Categories: AFRICA

The Russian Carbon Fund, Aera Group pioneer the first worldwide carbon credit transaction using blockchain technology in DAO IPCI

  • Pilot transaction was executed on Tuesday, March 14, 2017 at 8:00 am (UTC+1:00) between the Russian Carbon Fund on the buying side and Aera Group, the largest supplier of African carbon credits, on the selling side in the DAO IPCI blockchain ecosystem with IT support of Airlab.
  • The Verified Carbon Units acquired by Russian Carbon Fund are intended to offset carbon footprint in Russia and internationally, by airline passengers, in particular.
  • Transaction rewards 1 year of blockchain application for carbon markets development undertaken by DAO IPCI team of blockchain and environmental markets experts.
  • The new CO2 exchange / blockchain platform will ensure more transparency, integrity and lower transaction costs for buyers and sellers of carbon credits and other environmental mitigation outcomes.
  • DAO IPCI has and ongoing working relationship with Backer McKenzie on the structure of the CO2 blockchain platform and transactions on the CO2 blockchain.
  • The initiative aims at raising and catalyzing pre-compliance and voluntary CO2 offsets demand and support the emergence of a Russian carbon market.
  • Russia is close to ratification the Paris Agreement and hopefully shall work on ambitious targets to reduce CO2 emissions under the Agreement, and corporates can offset their emissions and reach carbon neutrality thanks to carbon credits.
  • Aera Group and the Russian Carbon Fund also announced a partnership to provide Russian buyers with direct and long term access to high quality African carbon credits.

Anton Galenovich, Chairman of the Council of the Russian Carbon Fund:The platform developers’ idea is to provide common space for fair competition, provide early crediting, offsetting carbon footprint opportunities for the companies, and break the barriers dividing locations and types of high quality mitigation outcomes. Russian market mechanisms are in the trial pilot phase and may have significant offsetting capacity on the supply and the demand side in near future. Russian carbon credits developed and assured under strict requirements of the Integrated Program for Climate Initiatives are still under verification process to be issued in DAO IPCI ecosystem”.

Alexey Shadrin, CEO and Founder of the Russian Carbon Fund: “We have just witnessed a truly historical moment for the global low carbon economy – the first ever blockchain based climate deal. I am sure that our successful joint effort will mark the beginning of a new era of climate cooperation between nations and help the world reach sustainable development goals”.

Fabrice Le Saché, Aera Group Executive Chairman:We strongly believe that Russia will become a key player of the international climate transition in the years to come. Beyond environment, this is a matter of economic competition and performance as it drives innovation. We are pleased to pioneer a market and a technology at same time. We expect to connect Russian corporates with charismatic African CO2 offset projects yielding mitigation and adaptation benefits”.

Max Gutbrod, Partner at Baker McKenzie: “Blockchain technology is ideal to increase transparency in carbon markets; we are therefore pleased and honored to be acquainted with Blockchain Ecosystem and looking forward to further contribute it to reach its global potential”.

Ivan Panov, partner at Causa Privata Law Firm: “We have seen a huge number of transactions and projects involving carbon markets and carbon credits. But this particular project is literally a pioneer, for it is based on the technology and approaches which have been never used before. This may become a real breakthrough solution for the implementation of climate projects and their financing”.

Sergey Lonshakov, Leader of Airalab: “DAO IPCI is an example of the correct and logical use of the blockchain technology. Global scale project cannot have centralized hierarchy, which is why here the decentralization technology is ideally applicable”.

About the decentralized autonomous organization Integrated Platform for Climate Initiatives (DAO IPCI)

DAO IPCI (https://IPCI.io) is a Decentralized Autonomous Organization operating, sustaining and developing the Integral Platform for Climate Initiatives, smart contracts and blockchain technology-based independent ecosystem designed for carbon market instruments, including carbon compliance units’, carbon-offset credits, other environmental mitigations credits, environmental assets, rights and liabilities registration, accounting and transaction data. The DAO IPCI project is implemented with the technological support of Microsoft Russia, on Azure Blockchain as a Service cloud platform.

DAO IPCI is authentically private nonprofit project independent of government, corporate, business or green NGO particular interests.

On May 24, 2016, the Russian Carbon Fund has officially unveiled the Integrated Program for Climate Initiatives (IPCI) and IPCI-based Carbon Registry (www.CarbonRegistry.ru).

“The Integrated Program for Climate Initiatives is designed to develop a distributed network of mitigation contributors based on common principles, rules and criteria, as well as provide an accounting platform which can achieve absolute emission reduction targets in compliance with quantitative emission limitation commitments. The goal of the Integrated Program for Climate Initiatives is to integrate corporate and regional mitigation initiatives.” (Sustain Europe) (http://APO.af/wTS3SL)

The IPCI derives from ongoing subnational and corporate climate initiatives and aims at providing for common investment instruments, which are based on climate change mitigation outcomes including high quality carbon offset credits. The IPCI has served as the initial climate program for genesis of DAO IPCI blockchain.

In view of isolation of carbon markets, software problems with traditional registries (see ex expert opinion on EU CO2 register issues) (http://APO.af/mEAY27), DAO IPCI (http://APO.af/Fja5kz) may be a reasonable alternative to provide falsification-proof, low or close to zero transaction cost option.

Distributed by APO on behalf of Aera Group.

Participants profiles:

DAO IPCI (https://IPCI.io)
Decentralized Autonomous Organization operating, sustaining and developing the Integral Platform for Climate Initiatives, smart contracts and blockchain technology-based independent ecosystem designed for carbon market instruments, including carbon compliance units’, carbon-offset credits, other environmental mitigations credits, environmental assets, rights and liabilities registration, accounting and transaction data.
Contact: operator@IPCI.io

Aera Group (www.Aera-Group.fr)
Aera Group is the largest carbon credits originator and trader in Africa (+40 projects in 18 countries). The company acts as trader or broker, structures and executes spot and forward transactions on carbon trading platforms (ICE, EEX) and OTC markets. Aera Group deals directly with industries, banks, commodity traders, governments and international institutions to monetize carbon credits (30 M. tons executed to date).
Contact: A.Lepage@Aera-Group.fr

Russian Carbon Fund (https://RussiaCarbon.org)
Russian Carbon Fund is the leading turnkey sustainability services and solutions provider in CIS region with broad network of expertise comprising Russian research centers, along with international scientists and developers. Since 2011, the Fund have helped major business and state actors successfully implement sustainability strategies related to risk assessment, transparency, public engagement, efficient resource management, clean tech and climate finance.
Contact: Ashadrin@RussianCarbon.org

Baker McKenzie (www.BakerMcKenzie.com)
Baker McKenzie is the one of the largest international law firms, founded in 1949, with 49 offices in 31 countries. Baker McKenzie CIS has been working in the emissions reductions market since 2005, has extensive experience advising settlement and trade systems and the application of the same to block chain.
Contact: Max.Gutbrod@bakermckenzie.com

Causa Privata (www.CausaPrivata.ru)
Law Firm is one of very few Russian law firms that provide international-standard legal services of the best quality and on transparent conditions. Lawyers of “Causa Privata” Law Firm have an extensive experience in advising on local and international projects, including numerous projects in the sphere of energy efficiency and climate change.
Contact: Sitnikov@CausaPrivata.ru

Airalab (http://Aira.life)
Developers and scientist research team who working on creating decentralized autonomous organizations since 2014. Tech stack: Ethereum / IPFS / Robot Operating System / Haskell / Web
Contact: SergeyLonshakov@gmail.com

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ECA to launch 2nd generation Country Profiles at upcoming African Development Week

The Economic Commission for Africa (ECA) will launch the second generation of its ECA Country Profiles on Saturday 25 March on the margins of the African Development Week (Dakar, 23 – 28 March 2017).

Twenty one country reports will be released, covering Algeria, Angola, Burundi, Cape Verde, Chad, Central African Republic, Djibouti, Equatorial Guinea, Gabon, The Gambia, Ghana, Madagascar, Malawi, Mauritius, Mauritania, Mozambique, Nigeria, Somalia, South Africa Swaziland and Tunisia.

Each of these reports will provide a detailed stock take of the countries’ economic and social situation as well as their performance in areas such as regional integration or the fight against exclusion.

Distributed by APO on behalf of United Nations Economic Commission for Africa (UNECA).

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