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Bank of Mauritius governor calls cross-border payments essential for Africa’s resilience and economic transformation
- Dr Priscilla Muthoora Thakoor, Governor of the Bank of Mauritius, gave opening remarks at a workshop on cross-border payments held in Port Louis on 15 July 2026.
- The workshop was organised by the FSB Regional Consultative Group for Sub-Saharan Africa (RCG SSA), with central bank governors and representatives of the IMF and World Bank attending.
- The speech states that payment systems are the invisible infrastructure underpinning trade, investment, entrepreneurship, financial inclusion and economic integration.
- The speech cites GSMA data suggesting Sub-Saharan Africa accounts for approximately 835 million registered mobile money accounts, with mobile money transactions across the continent exceeding US$1.1 trillion.
- The speech states that Africa remains the most expensive region for remittance transfers, with average costs exceeding 8 percent for a USD 200 payment.
- Remittances to sub-Saharan Africa amounted to US$57.2 billion in 2024, according to the speech.
- The speech says the FSB’s 2025 consolidated progress report indicates Sub-Saharan Africa will fall short of the 2027 G20 roadmap targets.
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Trade Treasury Payments announces the winners of the inaugural Corporate Excellence Awards 2026
Trade Treasury Payments announces winners of inaugural Corporate Excellence Awards 2026, recognising excellence in trade, treasury and payments teams.
Scott SanchonFCI has appointed Betül Kurtuluş as Secretary General following her role as Deputy Secretary General from February and leading the Secretariat since March.
Scott Sanchon
Digital trade workshop kicks off in Nairobi, TTP live reporting
ICC and EBRD hold high level workshop on digital trade in Nairobi, Kenya, emphasising preparation and reliable data infrastructure.
Carter HoffmanThe Indonesian rupiah closed at IDR 17,978 per US dollar on 28th September 2026, trading near the psychological Rp. 18,000 threshold, having depreciated approximately 7.1% year-to-date from Rp. 16,694 at end-2025.
Devanshee DaveYuno, an AI-native commerce intelligence system, partnered with Cyclops to bring stablecoin payments and settlement capabilities to its financial institutions and merchants.
Devanshee DaveMizuho Bank and the International Finance Corporation announced a US$1 billion risk-sharing facility to expand access to supply chain finance for suppliers and distributors in Asia-Pacific markets.
Devanshee DaveBank of America announced the launch of Payments Insights, a new CashPro capability providing corporate and commercial clients with intelligence on payment efficiency, cross-border flows and working-capital performance.
Devanshee DaveFinastra announced the launch of Repair Recommendations at Sibos 2026 in Miami, an AI-powered capability within AI OperatorAssist designed to help banks resolve payment processing issues more efficiently.
Devanshee DaveKB Kookmin Bank signed a Strategic MOU with BNY on 28th March at SIBOS 2026 in Miami to explore cross-border financial services leveraging digital payments and digital assets.
Devanshee DaveOracle is integrating with Swift's blockchain ledger to enable financial institutions to participate in payment flows and use their own tokenised deposit infrastructures across institutions.
Devanshee DaveHSBC announced the launch of HSBCnio, a digital solution designed to simplify banking for corporate and institutional clients by integrating services, data and intelligence into their existing platforms and workflows.
Devanshee Dave
Lloyds launches Get Paid invoicing tool to help business customers manage payments and reduce admin
Lloyds launches Get Paid invoicing tool to help business customers manage payments and reduce administrative burden at no additional cost.
Enjel De GuzmanSwift is connecting domestic instant payment systems including Bizum, PayID from Australian Payments Plus, and Pix to enable cross-border payments using familiar identifiers such as mobile phone numbers, emails and virtual payment addresses.
Devanshee DaveBNY announced the launch of a Pay-to-Wallet capability enabling banks to send cross-border payments from bank accounts to participating retail digital wallets using existing SWIFT payment messages and correspondent banking infrastructure.
Devanshee Dave
HSBC launches smart checking: AI-powered solution to transform trade finance documentation processing
HSBC launches Smart Checking, an AI-powered solution to standardise trade finance documentation processing and accelerate payment times for clients.
Devanshee Dave
BAFT, Trade Treasury Payments (TTP) enter global strategic partnership
BAFT and Trade Treasury Payments enter global strategic partnership spanning joint publications, events and industry dialogue.
Deepesh Patel
Sibos 2026: Finastra launches supply chain finance solution to help banks scale working capital programs
Finastra launches supply chain finance solution at Sibos 2026 to help banks scale working capital programs and accelerate time to market.
Devanshee DaveBrussels has warned British Prime Minister Andy Burnham that Britain needs to raise tariffs on Chinese cars and align more closely with EU trade policy to avoid "made in Europe" barriers on key exports.
Devanshee DaveVietnam's Minister of Finance Ngo Van Tuan held working sessions with major corporations and financial institutions during his trip to the United States from 20th to 25th September.
Devanshee Dave