In episode one of this season, we explored how money moves within borders in Africa. In this episode, we explore how money moves across them.
[01:27] - Africa is the most expensive region in the world to send money to, according to the World Bank's Remittance Prices Worldwide report.
[07:26] - Why are there such limited cross-border payment options within Africa?
[08:30] - And why is sending money across borders in Africa so expensive? AZA Finance's Elizabeth Rossiello tells the story of investment in infrastructure and liquidity, or lack thereof.
[13:39] - How do you create liquidity across markets and between curriencies?
[18:12] - How are fintechs providing better rates and leveraging technology to reduce the cost of cross-border payments?
[24:32] - On the chicken and egg game of infrastructure and payment volumes across borders. Ham Serunjogi, Chipper Cash's CEO, shares the companies outlook on making cross-border payments more accessible in Africa.
This season is sponsored by MFS Africa.
All this season, we're exploring value chains. And in the payments value chain, no fintech has a wider reach on the continent than MFS Africa. Through their network of over 180 partners - MNOs, banks, NGOs, fintechs, and global enterprises - MFS Africa's API hub makes connects over 320 million mobile wallets across 30+ countries in Africa.