Kora Highlights The Growing Need For Payment Infrastructure In Africa’s Trading ecosystem At Finance Magnates Africa Summit

0
Kora Highlights The Growing Need For Payment Infrastructure In Africa’s Trading ecosystem At Finance Magnates Africa Summit

Finance Magnates Africa Summit 2026 reinforced the importance of building the infrastructure that sits behind financial services

CAPE TOWN, South Africa, June 11, 2026/ — As African trading platforms
expand across multiple markets, payment infrastructure has become the
limiting factor in their growth. Across the continent, many financial
services businesses still struggle to collect funds locally, convert
currencies across markets, and settle globally through a single,
connected system. The result is fragmented payment operations that are
often costly, slow, and difficult to scale.

This challenge was a central theme at Trading Festival Africa (formerly
Finance Magnates Africa Summit 2026) in Cape Town, where industry
leaders gathered to discuss the future of trading and financial
infrastructure in Africa.

Industry players recognise the importance of seamless money movement

Through conversations with industry players at the summit, including
Exness, HFM, XM, ATFX, Weltrade, CXM, and JP Markets, a clear need for
more efficient payment infrastructure emerged. Many of these forex and
trading platforms already rely on Kora’s infrastructure to support their
payment operations. The summit highlighted growing interest in
stablecoins and alternative settlement methods as businesses seek
faster, more cost-effective alternatives to traditional banking
corridor.

Also read: https://brandspurng.com/2026/06/11/sim-tshabalala-leads-standard-bank-delegation-on-courtesy-visit-to-south-african-high-commissioner-to-nigeria/

Payment infrastructure is what separates platforms that can scale from
those that hit a ceiling,” said Bruno Bawa, Lead, African Partnerships
at Kora. “We saw firsthand that most brokers lack the connectivity to
process payments seamlessly across 10+ African markets simultaneously.
That’s where the real growth opportunity sits.

Strengthening Africa’s financial rails

Finance Magnates Africa Summit 2026 reinforced the importance of
building the infrastructure that sits behind financial services. While
discussions covered market trends and trading opportunities, many
participants recognised that long-term growth depends on faster, more
reliable and more connected payment systems.

As demand for cross-border financial services continues to grow, Kora is
positioning itself to address this gap. By extending coverage to more
African corridors, Kora enables forex brokers to serve their customers
across the continent through a single, integrated system.