Fidelity Bank Plc has announced plans to spotlight the role of financial technology (fintech) in driving cross-border trade between the United States and Africa.
In a statement, the bank revealed it will host a panel session titled “Digital Railroads: Powering U.S.-Africa Commerce Through Fintech” at the upcoming Fidelity International Trade and Creative Connect (FNITCC) scheduled to take place in Atlanta, USA.
The session will explore how fintech innovations are transforming global commerce by facilitating seamless payments, expanding access to financing, and promoting financial inclusion across Africa and the diaspora.
Prominent panelists include Aisha Ahmad, former Deputy Governor of the Central Bank of Nigeria; Seyi Ebenezer, Founder of Payaza Africa; and Charles Oligbo, Founder and CEO of Sawport.
Speaking ahead of the event, Fidelity Bank’s Divisional Head of Agric. and Exports, Isaiah Ndukwe, emphasised the importance of fintech in unlocking Africa’s trade potential.
“The African Continental Free Trade Area is projected to boost intra-African trade by over 50% by 2030. However, fragmented payment systems, currency conversion issues, and limited trade finance continue to hinder progress,” Ndukwe said.
He added that fintech companies are well-positioned to bridge these gaps by offering real-time, low-cost cross-border payment solutions, alternative financing for SMEs, digital identities for exporters, and efficient diaspora remittances and investments.
FNITCC Atlanta, organised in collaboration with AFRICON, a leading global network of African innovators, is expected to attract over 3,000 participants, including investors, trade agencies, exporters, and diaspora professionals.
The event aims to generate trade and investment deals worth more than $400 million, positioning it as a key platform for advancing Africa’s economic growth.
According to the African Development Bank, Africa’s fintech revenues are projected to reach $30 billion by 2025, underscoring the sector’s growing role in shaping the future of international trade.
