Cross-border payments are essential for trade, remittances, and financial inclusion across Africa. However, challenges such as high fees, slow transactions, and currency volatility continue to hinder seamless international transactions.
The Cross-Border Payments Award at Africa Tech Summit recognises companies that are revolutionising global transactions, making it easier, faster, and more cost-effective for businesses and individuals to send and receive money across Africa and beyond.
Meet the Finalists
Aza Finance (Kenya): With over 11 years of experience, AZA Finance provides secure, transparent, and regulated financial infrastructure for cross-border payments, foreign exchange, and settlements. Supporting 115+ markets, their API and platform enable seamless payouts to bank accounts, mobile money wallets, and cash, ensuring efficient transactions for multinational corporations, remittance providers, and businesses expanding into Africa.
Flutterwave (Nigeria): Flutterwave’s Send App simplifies international remittances, helping individuals and businesses transfer money seamlessly across 35+ countries, including the UK, US, Canada, Nigeria, and Kenya. By leveraging its extensive payment network, Flutterwave enables fast, reliable, and cost-effective money transfers—bridging financial gaps for millions.
Grey (Nigeria): For individuals and businesses looking to manage global banking seamlessly, Grey provides foreign bank accounts, currency exchange, and virtual cards. Operating in 80+ countries, Grey empowers users to hold, send, and receive foreign currencies effortlessly, enabling smooth financial transactions across the U.S., U.K., Europe, Africa, Latin America, and Southeast Asia.
WeWire (Ghana): WeWire is redefining business payments with its multi-currency wallet, virtual IBANs, and smart invoicing tools. By allowing businesses to send, receive, and hold funds in multiple currencies, WeWire is streamlining settlements, collections, and reconciliations empowering industries like eCommerce, manufacturing, and financial services to scale internationally.
Yellow Card (South Africa): As Africa’s largest licensed stablecoin on/off-ramp, Yellow Card is breaking barriers in cross-border paymentsusing USDT, USDC, and PYUSD. Operating in 20 countries, their low-cost, blockchain-powered transactions help individuals and businesses bypass banking limitations, making remittances, international payments, and digital finance more accessible across Africa.
Why this Matters
Cross-border payments are critical for Africa’s economic growth, and these companies are eliminating barriers, reducing costs, and enhancing financial connectivity. Whether through stablecoins, API-driven infrastructure, or global banking solutions, these finalists are reshaping how money moves across borders.
