FinGen - Money Genius Group

OFFICIAL STATEMENT

On Digital Payments Growth, Economic Recovery and the Role of Structured Digital Infrastructure

FINGEN Money Genius Group welcomes the remarks by the President of the Republic of Zambia, His Excellency Mr. Hakainde Hichilema on the remarkable growth of the country’s digital payments ecosystem and the transition of the economy from stabilisation toward sustained growth.

The increase in digital transaction values from K22 billion in 2018 to over K452 billion by the end of 2023, with 2024 transactions accounting for more than 70 percent of GDP, signals a structural shift in how economic activity is conducted. The expansion of mobile money registrations from 3.1 million to 15 million further demonstrates broad-based adoption and digital participation across the country.

These developments reflect deliberate reforms, improved infrastructure, regulatory adjustments, and policy consistency. The President’s observation that the economy has moved from intensive care toward growth — and now toward more growth — underscores that digital transformation is no longer peripheral to development; it is central to it.

However, the next phase, as correctly emphasised, is not merely about processing transactions. It is about leveraging digital systems to mobilise resources, finance development, strengthen productivity, and support inclusive economic participation.
This is precisely where structured digital infrastructure becomes critical.

At FINGEN, the continued development of the FINGEN App — including the ongoing build of the AI Registration Agent — is aligned with this national trajectory. Digital transactions alone create activity. Structured digital systems create visibility, data integrity, behavioural intelligence, and financial credibility.

The AI-enabled registration framework is designed to strengthen onboarding, profile economic actors accurately, build digital identities, and support responsible financial participation, particularly for MSMEs, smallholder farmers, women, and youth.

As Zambia advances from stabilisation to growth, and from growth to accelerated expansion, digital platforms must evolve from payment channels to economic intelligence systems. When transactions are structured, profiled, and analysed responsibly, they become tools for credit access, policy planning, risk management, and private sector financing. The national progress in digital payments provides the foundation. The next phase requires systems that convert digital activity into structured economic empowerment.

FINGEN remains committed to supporting this transition by building practical, technology-driven infrastructure that strengthens financial inclusion, supports enterprise growth, and contributes to the broader objective of sustained economic expansion.

Economic recovery requires reform.
Growth requires participation.
Sustained growth requires structured digital systems.