{"id":465992,"date":"2026-09-04T12:00:48","date_gmt":"2026-09-04T11:00:48","guid":{"rendered":"https:\/\/www.afis.africa\/sb_session\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\/"},"modified":"2026-09-22T16:00:48","modified_gmt":"2026-09-22T15:00:48","slug":"strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa","status":"publish","type":"sb_session","link":"https:\/\/www.afis.africa\/en\/sb_session\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\/","title":{"rendered":"Strategic Roundtable | Redirecting $5bn a year in cross-border payment and diaspora remittance value back to Africa"},"content":{"rendered":"<p><strong><em>Access via sign-up on the event app or by invitation only. English-French-Portuguese translation available.<\/em><\/strong><\/p>\n<p>Africa forfeits an estimated $5 billion to the high cost of moving money across its borders. Sending $200 costs 8.46% on average, against a global average of 6.36%, making Sub-Saharan Africa the world&#8217;s most expensive remittance destination. A Kenya-to-Nigeria payment still routes through dollars before reaching naira, adding conversion costs and compliance checks. PAPSS now connects 28 countries and over 190 banks, but live commercial bank participation covers far fewer markets, constrained by licensing fragmentation, central-bank caution and balance-sheet mismatches that make local-currency settlement hard to price. As diaspora flows outpace FDI across much of Africa, how can the financial industry ensure the proceeds remain on the continent?<\/p>\n<p><strong>Key points<\/strong><\/p>\n<ul>\n<li>What would local-currency settlement require from banks technically, commercially and on the balance sheet?<\/li>\n<\/ul>\n<ul>\n<li>Why have central banks been slow to commit operationally to PAPSS, and what would change that?<\/li>\n<\/ul>\n<ul>\n<li>Which corridor could realistically pioneer remittance licence passporting at scale?<\/li>\n<\/ul>\n","protected":false},"featured_media":0,"template":"","evenement-salon":[250],"class_list":["post-465992","sb_session","type-sb_session","status-publish","hentry","evenement-salon-250"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strategic Roundtable | Redirecting $5bn a year in cross-border payment and diaspora remittance value back to Africa - 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\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic Roundtable | Redirecting $5bn a year in cross-border payment and diaspora remittance value back to Africa - The African Financial Summit Platform\" \/>\n<meta property=\"og:description\" content=\"Access via sign-up on the event app or by invitation only. English-French-Portuguese translation available. Africa forfeits an estimated $5 billion to the high cost of moving money across its borders. Sending $200 costs 8.46% on average, against a global average of 6.36%, making Sub-Saharan Africa the world&#8217;s most expensive remittance destination. A Kenya-to-Nigeria payment still [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.afis.africa\/en\/sb_session\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\/\" \/>\n<meta property=\"og:site_name\" content=\"The African Financial Summit Platform\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-22T15:00:48+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\\\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\\\/\",\"url\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\\\/\",\"name\":\"Strategic Roundtable | Redirecting $5bn a year in cross-border payment and diaspora remittance value back to Africa - The African Financial Summit Platform\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/#website\"},\"datePublished\":\"2026-09-04T11:00:48+00:00\",\"dateModified\":\"2026-09-22T15:00:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Strategic Roundtable | Redirecting $5bn a year in cross-border payment and diaspora remittance value back to Africa\"}]},{\"@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":"Strategic Roundtable | Redirecting $5bn a year in cross-border payment and diaspora remittance value back to Africa - 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\/strategic-roundtable-redirecting-5bn-a-year-in-cross-border-payment-and-diaspora-remittance-value-back-to-africa\/","og_locale":"en_US","og_type":"article","og_title":"Strategic Roundtable | Redirecting $5bn a year in cross-border payment and diaspora remittance value back to Africa - The African Financial Summit Platform","og_description":"Access via sign-up on the event app or by invitation only. English-French-Portuguese translation available. Africa forfeits an estimated $5 billion to the high cost of moving money across its borders. Sending $200 costs 8.46% on average, against a global average of 6.36%, making Sub-Saharan Africa the world&#8217;s most expensive remittance destination. 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