Overcoming common payment bottlenecks with exotic currencies

Despite their developed financial systems, businesses in the UK, Hong Kong, and Canada are encountering mounting challenges in managing cross-border payments, especially when engaging with emerging markets across Africa.

From hidden fees and regulatory frictions to liquidity gaps and protracted settlement times, the traditional correspondent banking model is no longer fit for today’s evolving global trade environment. These outdated systems inflate costs, obscure visibility, and erode competitiveness, particularly for payments involving exotic currencies like the Nigerian Naira, Kenyan Shilling, or Ghanaian Cedi.

Download this whitepaper to uncover:

• The real costs behind cross-border payments in exotic currencies

• Why traditional banking systems fall short for emerging market transactions

• How to mitigate FX volatility and hidden charges through modern fintech