EP37: The Digital Revolution: Enhancing Cross-Border Payments in Africa

The Digital Revolution: Enhancing Cross-Border Payments in Africa – Panel at Africa Tech Summit Nairobi 2025 featuring insights and views from Eric Wainaina – General Manager, Africa at Conduit, Yemi Lawani – Director of Business Development at Circle Iheakachi Nwabueze – Head of Global Marketing and Growth at Grey Dr. Collins Igwe – CFO at Budpay and moderated by Paschal Okeke – Head of Operations & Expansion at CrissCross.Panelists discuss the current state of cross-border payments on the continent, the technological advancements in financial services powered by blockchain and digital currencies and highlight the anticipated growth of the African payment market, projected to reach $40 billion with 70% being digital.The session touches on key challenges in the industry, including high transaction costs, regulatory fragmentation, compliance complexities, inefficient banking infrastructures and differing regulatory frameworks across countries present additional hurdles for cross-border transactions.