AFRICA – Crown Agents Bank, a foreign exchange and cross-border payments provider, has partnered with business platform Invest Africa.
The collaboration, ‘The Payments Exchange,’ aims to offer insight into the role of foreign exchange (FX) and payments in Africa’s economic transformation.
This collaboration will encompass events and content throughout 2024, exploring the significance of payments and FX in realizing the ambitions of the African Continental Free Trade Agreement and future trade and investment.
“In partnership with Invest Africa, Crown Agents Bank is proud to launch The Payments Exchange Series, catalyzing dialogue and action to empower Africa’s economic evolution through optimized payments infrastructure,” Chris Partridge, Head of Banks & NBFIs at Crown Agents Bank, said.
“Together, we will pave the way for inclusive growth, facilitating financial access and fostering investment opportunities across the continent.”
Africa’s increasing global significance, marked by permanent G20 membership and expanded BRICS involvement, is underscored by its growing population, abundant resources, and rapidly growing economies.
However, challenges such as political discord and inadequate investment persist. The Payments Exchange seeks to convene African central bankers, finance ministries, fintechs, development finance institutions, pan-African banks, and other stakeholders to address solutions for enhancing access and improving money flow across the continent.
As a result, The Payments Exchange will bring together African central bankers, finance ministries, fintechs, development finance institutions, pan-African banks, and other pertinent stakeholders with a shared goal to discuss solutions to facilitate greater access to improve the flow of money across the continent.
“At Invest Africa, we recognize the pivotal role that payments infrastructure plays in driving economic growth and investment across the continent,” Chantelé Carrington, CEO of Invest Africa, added.
“Through our collaboration with Crown Agents Bank, we are committed to amplifying the conversation around payments, fostering collaboration, and championing initiatives that will enhance financial inclusion and enable businesses to thrive in Africa.”
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