South Africa Adds Angolan Kwanza to Regional Cross-Border Payment System
The move expands the platform beyond the South African rand as Angola-SADC trade and interbank flows totaled about $3.77 billion in 2025, Sarb data showed.
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South Africa adds Angolan kwanza to regional cross-border payment system
CAPE (South African Development Community) has entered a multi-currency era with the inclusion of the Angolan kwanza, following the South African rand, as a settlement currency in its payment system.
The Central Bank of West African States (ECOWAS) is continuing to modernize its payment infrastructure in order to promote instant, secure and accessible transactions within the West African Economic and Monetary Union (WAEMU). Beyond the Union, this strategy is now part of a dynamic of financial integration at the level of the Economic Community of West African States (ECOWAS) and the African continent. This is what Massi Lawson, Deputy Directo…
Ant International Raises $1.2B to Scale Cross-Border Payments
Ant International announced approximately $1.2 billion in Series A funding on July 21, 2026, making it one of the largest single fintech raises this year. The Singapore-based company, spun out of Ant Group as an independently operated entity in 2024, said the capital will accelerate cross-border payments, merchant services, and what it calls agentic commerce for global businesses. Where the $1.2 Billion Will Land Ant Group and Alibaba Group part…
Lianlian Digitech and Unionpay Team Up for AI Payment Expansion
Quick Summary: Lianlian Digitech and Unionpay Team Up for AI Payment Expansion On July 18, Lianlian DigiTech and UnionPay International signed a cooperation agreement in Hangzhou. Lianlian DigiTech announced the partnership on July 27, focusing on global procurement and AI token-replenishment use cases. The collaboration aims to expand overseas merchant acceptance and develop more AI-agent payment scenarios. UnionPay International will provide …
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