Over two decades, technology has revolutionised how we connect—instant 5G calls, streaming news, and social media have replaced costly past delays. 

Yet finance, a cornerstone of global interaction, hasn’t kept pace. Despite fintech’s progress, cross-border payments remain slow and expensive, especially in Africa. 

In 2025, global banking solutions are closing this gap, redefining how money moves in a hyper-connected world.

While financial technology has improved the efficiency of cross-border payments worldwide, Africa continues to face unique challenges.

A business in Kenya can connect with a customer in the United States within minutes via social media, instant messaging, or a phone call. Yet, the speed and ease of payment still lag. 

Loved ones separated by thousands of miles can communicate instantly, but sending money across borders remains slow. 

An employer in the United States can hire and onboard remote workers from Nigeria within minutes, yet payments for completed work can take days to reach them. 

The gap between global connectivity and financial transactions highlights the need for a more seamless, efficient economic system, which is why global banking solutions are needed.

Global banking solutions are financial services and infrastructure that enable individuals, businesses, and financial institutions to access banking activities across borders. 

These solutions help facilitate trade and remittance and improve FX liquidity, especially in Africa. 

Examples include SWIFT payments, SEPA, real-time payment networks, cross-border and remittance apps, embedded finance and banking-as-a-service (multicurrency accounts), global treasury and liquidity management, cryptocurrency, and blockchain. 

SWIFT connects banks globally but can take days; blockchain offers near-instant settlements; multicurrency accounts, like Fincra’s, simplify currency management. 

Fincra offers international banking solutions with Multicurrency Accounts, a banking-as-a-service solution that enables individuals and businesses across Africa to own global accounts. This product helps Africans to connect to the global economy. 

The use cases for Fincra’s Multicurrency Account spread across remittances, e-commerce, and payroll solutions. 

With a single integration, platforms can provide international banking solutions to their users by issuing accounts in EUR, USD and in local currencies. 

These accounts empower individuals to receive remittances from loved ones abroad, help businesses accept cross-border payments and expand globally, and enable remote workers and freelancers across Africa to seamlessly receive salaries, commissions, and remuneration from international employers.

Offering global accounts to individuals and users can also significantly benefit platforms. 

It will help you expand your product offerings, acquire more users, improve user satisfaction, and increase revenue. 

Taking note of recent trends in payment and fintech, platforms are diversifying their portfolios to include remittance and cross-border payments. A good example is the investment app Bamboo, which expanded its product into diaspora remittance with Coins by Bamboo. 

Africa is in most need of global banking solutions like Fincra’s Multicurrency Account. The impact of the Multicurrency Account points to economic growth as it enables seamless remittance, cross-border trades, and engagement with a young and talented workforce. 

All of these contribute to reducing poverty, promoting financial inclusion, creating jobs, and boosting social investments, which are key drivers of economic development.

Looking ahead, global banking will continue to evolve with new technologies, regulatory cooperation, and customer demands. 

The use case for digital currencies is already becoming popular in Africa.  Stablecoins- a cryptocurrency backed by currency reserves- are the most used digital currency for cross-border transactions. 

The two largest stablecoins currently available on the crypto market are Tether (USDT) and USD Coin (USDC), backed 1:1 to the US dollar. 

According to a report by FSD Kenya, stablecoin volume in Africa hit more than $30 billion, 50% of the total crypto volume attributed to Africa between June 2022 and July 2023. This volume is also expected to have increased since then. 

Africa’s unique economic challenges, such as FX shortage, inflation, and currency depreciation, along with a vibrant fintech ecosystem, have driven the mass adoption of stablecoins. 

Fincra also offers global banking solutions that bridge the crypto-fiat gap which include converting stablecoins (USDC and USDT) to fiat in any supported currency. 

This solution is part of our global treasure and liquidity management services, where we provide FX liquidity that enables exchange between currencies of the emerging marketing and that of the major world, access to USD, EUR, and GBP for international obligations, seamless transactions across Africa, UK, North America, China, Asia, and Europe and comprehensive buy-side and sell-side FX liquidity for NGN, GHS, KES, UGX, USD, GBP, EUR, CAD, and other exotic currencies. 

For a world where money moves as fast as messages, global banking solutions are the future.

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