Africa’s largest payments gateway, Onafriq, joins forces with Circle, the USDC stablecoin issuer, to transform cross-border transactions, slash fees, and boost financial inclusion.
Onafriq, Africa’s leading payments gateway, and Circle, the global leader in stablecoins and issuer of USDC, have announced a strategic partnership to revolutionize cross-border payments and digital financial services. This collaboration will integrate blockchain technology to enhance Onafriq’s network, positioning it at the forefront of Africa’s digital payments revolution.
Dare Okoudjou, Onafriq Founder & CEO, stated:“Our partnership with Circle reinforces Onafriq’s commitment to removing complexity from cross-border payments. By integrating USDC, we aim to simplify transactions, reduce costs, and strengthen trust. We’re not just envisioning the future of payments—we’re actively building it.”
Currently, over 80% of intra-African payments are processed through foreign correspondent banks, costing the continent $5 billion annually in fees. By leveraging USDC-powered settlements, Onafriq and Circle aim to reduce costs, improve efficiency, and strengthen Africa’s economic integration.
Key Benefits of the Partnership:
- Lower transaction costs with USDC settlements
- Faster cross-border payments via blockchain
- Enhanced financial inclusion for 200M+ bank accounts
- Regulator-friendly digital payment solutions
- Secure, transparent transactions
Miriam Kiwan, VP of Middle East & Africa at Circle, said: “Emerging markets hold tremendous potential for stablecoin adoption. This partnership aligns with Circle’s mission to improve financial efficiency where traditional banking has been costly. Together, we’ll transform how money moves across borders.”
A New Era for Africa’s Financial System
This collaboration marks a major leap toward a self-reliant, pan-African payment ecosystem. By responsibly applying blockchain technology, Onafriq and Circle are paving the way for faster, more secure, and economically empowering transactions.
🚀 The future of African payments is here—and it’s digital, decentralized, and driven by USDC.
