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AZA Finance, a pan-African fintech company, and Circle, a global digital financial technology firm and the issuer of USDC and EURC, have today published a joint paper on financial interoperability in Africa. AZA Finance CEO, Elizabeth Rossiello, and Circle CFO, Jeremy Fox-Geen, co-authored the paper.
The paper, “African Markets Exemplify How Digital Global Exchange Can Succeed,” highlights the consistent adoption of new financial services, tools and technologies by the continent’s 54 countries and nearly 1.5 billion people.
“It is past due for the world to recognise that Africa is the cradle of financial innovation,” said Elizabeth Rossiello, CEO of AZA Finance. “Any country, jurisdiction or fintech seeking to deploy ‘open banking’, ‘accessible finance’, or any other new financial technology, in service of a more connected value system, should seek to emulate the success of African innovators. The convergence of fintech, forward-looking banks and supportive regulators provides an incredibly informative case study for how financial interoperability can be developed.”
“Africa’s rise as a global leader in digital value exchange is a testament to the continent’s entrepreneurial spirit and commitment to advancing financial inclusion,” said Circle CFO, Jeremy Fox-Geen. “Our research emphasises the transformative impact of stablecoins across the continent in fostering financial interoperability, boosting cross-border transactions, and nurturing economic growth.”
To learn more, or to read the paper in full, visit the website here.
About AZA Finance
AZA Finance is an African fintech company offering secure and efficient financial infrastructure for payments, foreign exchange, and settlement. With more than a decade of experience, AZA Finance is committed to helping your business thrive in Africa. With our API and web platform, it has never been easier to transact, exchange, payout, and settle in all major African and G20 currencies. Our global infrastructure is a trusted gateway for leading remittance providers, multinational corporations, and innovative enterprises worldwide. Visit them at www.azafinance.com.
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USDC and EURC – highly liquid, interoperable, and trusted money protocols on the internet. Circle’s open and programmable platform and APIs make it easy for organizations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps or managing their internal treasury. Learn more at https://circle.com.