At the recently concluded Canada-Africa Fintech Summit (CAFS) 2025 in Toronto, Oneremit’s Chief Executive Officer, Hammed Adewumi Afenifere, delivered an impactful session on how stablecoins are transforming cross-border payments for African businesses, students, and families.
Addressing an audience of policymakers, banking executives, fintech innovators, and investors, Afenifere emphasised that stablecoins are no longer abstract digital assets but practical financial tools already reshaping everyday transactions. He spotlighted their growing relevance in critical areas such as tuition payments, trade settlements, and business remittances between Nigeria and Canada.
“We’ve seen firsthand how stable digital currencies help African businesses and families bypass unnecessary friction when sending money abroad, particularly from Nigeria to countries like Canada,” Afenifere explained. “These solutions are giving people speed, reliability, and access in ways traditional banking has often struggled to deliver.”
Oneremit, a cross-border fintech company focused on Africa, has built its operations around solving this exact challenge. By integrating stablecoins into its payment rails, the company enables faster, more transparent, and cost-efficient transfers, unlocking new opportunities for SMEs and communities previously limited by conventional financial systems.
Afenifere noted that the future of finance cannot be driven by disruption alone but must also be grounded in trust and collaboration with regulators and institutions. He called for a balanced approach where innovation is designed to be safe, inclusive, and scalable. “Trust is the currency of finance. For stablecoins to scale responsibly, we must ensure that users, governments, and institutions all benefit from the value they bring,” he stressed.
The summit also provided an avenue for knowledge exchange. Afenifere highlighted how discussions with policy experts and industry veterans broadened his perspectives on striking the right balance between governance and innovation. “Their advice and stories gave me new perspectives to carry forward,” he reflected.
CAFS 2025, hosted under the theme “Accelerating Canada-Africa Fintech Collaboration for Talent, Innovation, Investment, and Economic Growth,” convened global thought leaders to chart the future of fintech partnerships across both regions. For Oneremit, its participation reinforced the company’s vision of creating borderless payment solutions that connect Africa to the world.
Closing his remarks, Afenifere reaffirmed the company’s mission: “Our goal is simple. It is to make cross-border finance accessible, fast, and transparent. Stablecoins are not the future; they are the present. And if designed with collaboration and trust at the center, they can unlock Africa’s economic potential while connecting us more closely with partners in Canada and beyond.”
By sharing its perspective at CAFS 2025, Oneremit demonstrated not only its role as an innovator but also as a bridge-builder between Africa and the global financial ecosystem.
Article supplied by Olorunfemi Obasa on behalf of Oneremit.
Last updated: October 28, 2025
