The Global business is growing in Azafinance
                     aza The global currency 

trading infrastructure  
for fast, efficient, 

and reliable access 

Introduction to frontier markets
Q1 2020
Problem in Africa
Lack of Infrastructure means USD used too much 
01 Frequent shortages of controlled USD causes delays when waiting to use SWIFT 
SWIFT transactions can cost up to 7% and take 2-14 days once USD is sourced
Frontier Markets have few banks with correspondent status
02 Correspondent banks discriminate against frontier markets, so often require multiple 
intermediaries which results in 
1) Frequent delays 
2) Lost Transfers 
3) Limited transparency on transaction status 
Local Settlement Systems have last-mile restraints
03 Connectivity between banks (even with same network) and mobile payment 
channels is very weak in many markets
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Over $1.1 Trillion in just African trade transacts inefficiently via US dollar
$400Bn 
Intra-
Africa 
1% reduction in 
$1.1 Trillion Trade2 

(Africa & rest of 
the world) fees = $15 Billion 
$64Bn 1 worldbank.org 

Remittances1 2 wto.org 

3 afreximbank.com
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Banks - Mobile - Digital 45 local currency bank accounts , licenses, connectivity to last-mile mobile on 3 continents. 
Our hybrid infrastructure optimizes pooling Currencies REMAIN in country - no SWIFT - no USD as 
and use of local currencies middle currency 
Buyer Buyer
Seller Seller
Buyer Buyer
Seller Seller
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DIGITAL FAST COMPLIANT
MARKETING In most cases, Licensed by settles in T+1 or Bank of Spain 
MAKER FOR T+2 and UK’s FCA
FRONTIER 
CURRENCIES
DIRECT LOW-COST
Netting and Transparent and 
pooling model volume-based 
reduces need for pricing
USD
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Which product is right for you?
Size of Payments Large (typically >10K USD) Smaller (Typically