TORONTO (Chatnewstv.com) — Mark O’Sullivan, chief executive officer of IPT Africa, on Thursday urged Canadian businesses to embrace innovation in cross-border payments to strengthen trade with African markets.
Speaking at the Africa Accelerating 2025 conference, hosted by the Canada–Africa Chamber of Business, O’Sullivan said Canadian companies face both “challenges and opportunities” in transacting across the continent.
“Africa Accelerating is a platform where real partnerships are forged,” O’Sullivan said. “We believe Canadian firms have a unique role to play in supporting Africa’s rapid economic transformation, but this requires new approaches to financing, digital infrastructure, and policy alignment. Together, we can achieve more.”
The Chamber said O’Sullivan’s address highlighted the importance of practical solutions and financial innovation in unlocking sustainable growth. IPT Africa, a Mauritius-based fintech, was recently selected for the Visa Accelerator Program – Africa 2025, making it the first company from the island nation to join the initiative.
The Chamber added that IPT Africa’s leadership “complements its wider mission to accelerate Africa’s economic rise by connecting businesses and investors on both sides of the Atlantic, through world-class networking and information-sharing events.”
