In order to propose ways and come up with so much needed solutions, people, who are experts in the field of digital finance, will be conducting an online meeting. They will discuss all the possible measures that need to be made in order to help African businesses that are stuck and have no resources to get back on the market. The meeting is planned for the beginning of June and will be conducted virtually. It will be the first-time experience for a leadership event that will be conducting its 5th edition and is called Innovation Series.
The world is currently undergoing a crisis which is the result of the coronavirus pandemic which appeared a few months ago and brought many changes to the way many companies respond and act in many situations. The most difficult consequences, among all, are related to small businesses. Many of them were not able to survive the crisis, while some of them are now looking for alternative ways and solutions to get out of the current situation.
During such events, the participants are aimed at promoting various business innovations and upgrades. They organize discussions where thought leaders are discussing those goods and services which might be helpful for different businesses and can be used in order to help them grow and develop.
The fifth edition is specifically organized in order to raise the topic of COVID-19 and how it influenced African businesses. Participants will be discussing the available and possible solutions in terms of digital finance which might help various companies and organizations overcome these hard times. There will be a number of famous speakers present at the conference who will be sharing their thoughts and ideas on the topic and try to reach an agreement towards establishing a way to support small African businesses that are currently suffering.
While many conferences and events have been canceled due to the coronavirus pandemic, the Innovation Series organizers have realized that the event is crucial to the public and will be conducted with the help of the latest technologies but virtually. They say that the event will show their support towards all those businesses who are challenged to survive the crisis.
One of the participants of the forum says that the event is timely with the new way of life during the coronavirus pandemic and is aimed at helping and supporting those who cannot find a solution on their own. The information that will be given during the forum will not only be useful for those companies that are currently suffering from a lack of finances but also for those businesses who are looking for new and innovative ways to run the business during these uneasy times. The truth is that the pandemic has changed the way many companies run their businesses and while some have managed to adapt, others are still seeking help and advice from the industry experts and professionals who are more acquainted with the required measures and alternative approaches.
Apart from the need to adapt to the new working environment and economic situation, the companies have to admit that they need to implement digital finance and new solutions related to payments as they will provide them with a convenient, accessible and safe way to manage their businesses. The integration of digital finance gives an opportunity to increase the efficiency of operational processes and conduct them in a convenient and flawless manner. Digital finance is especially helpful in the times of social distancing and total isolation when all the possible contacts are massively limited.
According to the statistics of the commissions for communication in Uganda, there exist approximately 25 users of mobile phones and even more subscribers of mobile money phones. The number of all the transactions that were conducted with the help of mobile money and the overall value of them keeps increasing. This growing popularity is the result of the recent implementation of the services conducted with the help of digital finances by various organizations in the country.
The forum which will be soon conducted by Innovation Series will raise the topic of already existing and used effective payment methods, financial solutions and upcoming innovations which will be the future for all the African businesses and their operating models. The participants will share their opinion on how all of these methods can help the companies to enhance their productivity and improve the overall efficiency as well as survive during the crisis.
Although this is the first time for the Innovation Series to conduct their gathering virtually, the participants are excited to gather and discuss the current situation and available methods of getting out of the crisis which might save many small businesses in Africa and provide them with the desired solution to solve their problems.