{"id":22727,"date":"2025-09-22T09:43:17","date_gmt":"2025-09-22T09:43:17","guid":{"rendered":"https:\/\/www.afis.africa\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/"},"modified":"2025-10-21T15:50:32","modified_gmt":"2025-10-21T15:50:32","slug":"swift-alternatives-fuelling-faster-and-cheaper-international-payments","status":"publish","type":"sb_session","link":"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/","title":{"rendered":"SWIFT alternatives: Fuelling faster and cheaper international payments"},"content":{"rendered":"<p><em><strong>Access via sign-up on the event app or by invitation only.<\/strong><\/em><\/p>\n<p>Stable coins, PAPSS, regional payment systems like Buna, fintech providers, a BRICS payment system, blockchain and CBDCs have all been put forward as alternatives to SWIFT, the world\u2019s dominant method to facilitate cross-border payments. These options offer possibilities to tackle inconsistent and often high fees charged by financial institutions to businesses under SWIFT, and to reduce the up to five days settlement time. Could the many alternatives create a fragmented landscape that will cause interoperability challenges, or will multiple solutions stimulate innovation and cater to different types of cross-border transactions? Regulators, and SWIFT alternative providers, banks, and fintechs discuss how to achieve a thriving cross-border payment environment for Africa.\u00a0<br \/>\u00a0<br \/><strong>Key points: \u00a0<\/strong><\/p>\n<ul>\n<li>Craving compatibility: How to ensure interoperability between the many cross-border payment system infrastructures?<\/li>\n<li>Role of regulation: How can AfCFTA facilitate technical coordination and regulatory cohesion between central banks and national regulators with independently designed payment platforms? \u00a0<\/li>\n<li>CBDCs, fintechs and cryptocurrencies: With so many payment options, where do these new players fit into the equation and how are they transforming cross-border payments?\u00a0<\/li>\n<\/ul>\n","protected":false},"featured_media":0,"template":"","evenement-salon":[133],"class_list":["post-22727","sb_session","type-sb_session","status-publish","hentry","evenement-salon-133"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SWIFT alternatives: Fuelling faster and cheaper international payments - The African Financial Summit Platform<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SWIFT alternatives: Fuelling faster and cheaper international payments - The African Financial Summit Platform\" \/>\n<meta property=\"og:description\" content=\"Access via sign-up on the event app or by invitation only. Stable coins, PAPSS, regional payment systems like Buna, fintech providers, a BRICS payment system, blockchain and CBDCs have all been put forward as alternatives to SWIFT, the world\u2019s dominant method to facilitate cross-border payments. These options offer possibilities to tackle inconsistent and often high [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"The African Financial Summit Platform\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-21T15:50:32+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/\",\"url\":\"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/\",\"name\":\"SWIFT alternatives: Fuelling faster and cheaper international payments - The African Financial Summit Platform\",\"isPartOf\":{\"@id\":\"https:\/\/www.afis.africa\/fr\/#website\"},\"datePublished\":\"2025-09-22T09:43:17+00:00\",\"dateModified\":\"2025-10-21T15:50:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.afis.africa\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SWIFT alternatives: Fuelling faster and cheaper international payments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.afis.africa\/fr\/#website\",\"url\":\"https:\/\/www.afis.africa\/fr\/\",\"name\":\"The African Financial Summit Platform\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.afis.africa\/fr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.afis.africa\/fr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.afis.africa\/fr\/#organization\",\"name\":\"The African Financial Summit Platform\",\"url\":\"https:\/\/www.afis.africa\/fr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.afis.africa\/fr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.afis.africa\/wp-content\/uploads\/2022\/10\/cropped-AFIS-1-1.jpg\",\"contentUrl\":\"https:\/\/www.afis.africa\/wp-content\/uploads\/2022\/10\/cropped-AFIS-1-1.jpg\",\"width\":529,\"height\":191,\"caption\":\"The African Financial Summit Platform\"},\"image\":{\"@id\":\"https:\/\/www.afis.africa\/fr\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SWIFT alternatives: Fuelling faster and cheaper international payments - The African Financial Summit Platform","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.afis.africa\/en\/sb_session\/swift-alternatives-fuelling-faster-and-cheaper-international-payments\/","og_locale":"en_US","og_type":"article","og_title":"SWIFT alternatives: Fuelling faster and cheaper international payments - The African Financial Summit Platform","og_description":"Access via sign-up on the event app or by invitation only. Stable coins, PAPSS, regional payment systems like Buna, fintech providers, a BRICS payment system, blockchain and CBDCs have all been put forward as alternatives to SWIFT, the world\u2019s dominant method to facilitate cross-border payments. 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