Get in touch

Talk to us

We will respond as soon as possible.

Call us on: +44 (0)203 903 3000

Email us on: info@crownagentsbank.com

Connect with us on: LinkedIn

Connect with us on: Twitter

Online contact form

Contact form

For any enquiries about our solutions please let us know below

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Our Solutions

Transforming the way payments and FX move through emerging and frontier markets

close

Our Solutions

Transforming the way payments and FX move through emerging and frontier markets

Articles

Omar El-Gazzar, an FX Dealer at Crown Agents Bank comments on 'the king dollar' for Africa's hard-to-reach markets

Our FX Dealer, Omar El-Gazzar, comments on the use of the US dollar as a settlement currency for Africa’s hard-to-reach markets.

Omar shares his concerns about the reliance of many African countries on the US dollar for cross-border payments instead of facilitating South-South currency flows. He explains that '45% of payments made from Africa are made in Dollars, made using the SWIFT network. This creates significant friction as the USD exists parallel to regional currencies, directly impacting trade and market growth. Intra-African payments alone made in intermediate currencies are estimated to cost the continent $5bn each year, which restricts local prosperity'.

Read more

 

 

Share

Related Articles

What makes a fintech company a ‘fintech for good’?

Can fintech really be a force for good? Whether its blockchain, cryptocurrency or even simply advances in online banking, financial services and technology have become irreversibly linked. Fintech companies have brought much-needed disruption to the financial world, redefining banking and financial services, but this rapid disruption has also led to many financial organisations feeling the need to play catch-up, putting innovation and profit above the needs of the end user.

Read More

Crown Agents Bank, Journey to Certification

Our mission is to move money where it’s needed. B Corp Certification, and B Lab’s mission to transform the economic system into one that is inclusive, equitable, and regenerative, was therefore a natural fit.

Read More

FX and Cross-border payments: using technology to bridge the divide

It’s been estimated that by 2027, the value of cross-border payments will have risen $100 trillion in the previous decade thanks to, in part, rapid expansion of supply chains across borders, international trade and e-commerce and international remittances.

Read More