Where the Infrastructure Gap Is Greatest.
Emerging markets represent over 40% of global GDP — yet their currencies settle outside any PvP infrastructure. Sika is changing that, market by market, working with regulators as a partner.
Four Regions. One Infrastructure Standard.
East & West Africa
$800B+ in annual cross-border payments, the majority settling bilaterally without PvP protection. Kenya as anchor market, engaged with the Capital Markets Authority (CMA) on a phased pilot and MoU framework. The African Continental Free Trade Area (AfCFTA) is creating urgent demand for a regional FX settlement standard. Sika enters each market through a tripartite model: capital markets regulator, central bank, and primary banking participants working simultaneously.
GCC & Levant
Rapidly developing capital markets across the Gulf with high trade volumes and currencies entirely outside PvP settlement architecture. Central banks in the UAE, Saudi Arabia, and Qatar have publicly committed to improving FX settlement infrastructure. Sika engages monetary authorities on PvP adoption frameworks compatible with existing domestic payment rails and RTGS systems.
Southeast & South Asia
Some of the fastest-growing FX markets globally. Deep ASEAN trade corridors and South Asian remittance flows create growing demand for risk-controlled settlement infrastructure. Sika engages central banks across the region on PvP adoption frameworks aligned with CPMI guidance and ASEAN financial integration objectives.
Andean & Caribbean
Deep currency volatility, high correspondent banking costs, and significant unmet demand for settlement efficiency across the region's most actively traded pairs. Sika's Latin American strategy prioritises correspondent bank and corporate treasury partnerships as the primary distribution channel, complemented by central bank engagement on PvP adoption.
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