Charles Mutama speaks at USA Award Ceremony

The Banking on Emerging
Markets Award Ceremony was held on 23 October 2024 between 4pm-7pm at the Embassy of Cuba in Washington D.C.

Some of the speakers included Dr Iyabo Masha , Eric S. Henderson , Lourdes Casanova , Curtis Smith and Charles Mutama the Chief Executive Officer , Global Business director at BidVerse Capital.

"The Banking on Emerging Markets Award Ceremony is an annual event that recognizes excellence in banking and financial services within emerging markets. This ceremony celebrates the best in corporate foreign exchange services , FX technology and banking for small and emerging enterprises, " said Charles Mutama

The event was hosted by Dr Monica Grant who is the chair of Grant Group Holdings Corp and also an executive producer of Young Boss Media.

The Award ceremony involves countries from different regions including Africa , Asia , Latin America , the Middle East and Central and Eastern Europe.

In an interview with Charles Mutama he said that some of the latest trends in the banking sector include digital banking innovation, adoption of fintech tools and the use of e-wallets. There is also a shift towards omnichannel banking , where customers can seamlessly interact with their banks through various channels.

Mutama highlighted that cryptocurrency and bitcoin are some of the competing currencies against the US dollar.

The main sponsors of this event were Euroknowledge , African Tourism Union , Chirandu Consulting LLC which was founded by Charles Mutama and the Cuban Embassy among others.

"As an emerging market, Zimbabwe can learn from the global markets emphasis on digital banking , financial inclusion and innovative financial solutions. The global market also offers opportunities for Zimbabwe to access international funding , partnership and expertise, " said Charles Mutama

Mr Mutama concluded that the introduction of a new currency in Zimbabwe can help stabilize the economy, improve financial transactions and increase confidence in the banking sector.

The Banking on Emerging Markets Award ceremony promotes global co-operation, knowledge sharing and best practices in banking and financial services.It recognizes and rewards innovative solutions , encouraging other financial institutions to follow suit. This can lead to improved financial inclusion , economic growth and stability in emerging markets , ultimately benefitting the global economy.