Africa’s payment ecosystem is undergoing a rapid transformation, fuelled by digital innovation, regulatory shifts, and a surge in intra-African trade. The sector is projected to expand at an annual rate of 20%, reaching $40 billion in revenue by 2025, according to a 2022 McKinsey report. The rise of mobile money, fintech solutions, and cross-border initiatives like the Pan-African Payment and Settlement System (PAPSS) is making trade more seamless across borders. However, persistent challenges—such as high transaction costs, fragmented financial systems, and limited interoperability—continue to hinder progress.  

As the African Continental Free Trade Area (AfCFTA) takes shape, integrated payment infrastructure will be essential to eliminating trade barriers and driving economic unity. Participants in this panel will discuss the steps necessary to achieve this vision, including regulatory alignment and fintech collaboration, to pave the way for a more connected, efficient, and financially inclusive Africa.