At ATS Nairobi 2026, Fincra CEO Wole Ayodele delivered a reality check for the fintech sector: potential means nothing without African payments infrastructure. As cross-border trade costs remain stagnant at nearly 8%, Ayodele argues that the era of “optimism-led” growth is over. The next phase belongs to “federated” systems that allow businesses to scale seamlessly across borders without rebuilding their rails.
TL;DR, The Africa Stablecoin Summit 2025 revealed that stablecoins represent 43% of Africa’s crypto trading volume, with over $300 billion in annual transactions flowing through African markets. Momentum is shifting from pilots to policy—licensing, AML/CFT, and interoperable rails like PAPSS are central to unlocking faster, cheaper cross‑border payments. Debate intensifies over global vs….
PAPSS blockchain marketplace with Bantu and Interstellar simulated stablecoins enables dollar-free local currency swaps across 19 countries. Tackles 8.45% remittance fees (20% peak) and $1B trapped airline funds.
Victor Akoma-Philips: “We created stablecoin semblance for corporate settlements.” Wamkele Mene: “We must use our currencies.” Supports $220.3B intra-African trade (12.4% YoY growth) toward AfCFTA’s $3.4T market. Afreximbank launched 2022.
TL;DR, The BRICS payment system uses blockchain and CBDCs for local-currency settlements, but July 2025 talks confirmed no unified currency—raising questions about Africa’s sovereignty versus dependency trade-offs. While Nigeria’s eNaira struggles with adoption and stablecoin use explodes, African nations face a choice: integrate PAPSS, BRICS rails, and Western systems, or risk new digital…
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