Mike Ogbalu III

Mike Ogbalu III leads one of the most strategically important infrastructure projects in Africa — the Pan-African Payment and Settlement System, developed by Afreximbank to enable African businesses and financial institutions to transact across borders using local currencies. The ambition is profound — reduce the dependence on hard currencies and external correspondent-banking routes for intra-African trade. Ogbalu brings experience from Verve and Interswitch to a system whose success could fundamentally alter the mechanics of African commerce. He belongs on the Borderless 100 because if Africa's vision of easier intra-continental trade is to become an everyday financial reality, PAPSS will be one of the pipes carrying it.