Viamericas has expanded its international money transfer network into Ethiopia and Morocco, adding new payout options for recipients in two African markets as cross-border payment providers continue to build their reach across the continent. The expansion gives recipients in Ethiopia access to direct bank deposits and cash pickups, while those in Morocco can receive funds
Caliza and Yala have partnered to integrate stablecoin-powered settlement into African trade operations, giving manufacturers and distributors a new way to pay international suppliers while managing cross-border transactions through a more connected payment infrastructure. The partnership combines Caliza’s cross-border payments and treasury infrastructure with Yala’s Trade Desk platform, which helps businesses collect local currency payments
Kora has launched One Rail, a new payment infrastructure layer that allows African merchants to integrate stablecoins into their existing payment systems, as the fintech expands beyond traditional fiat transactions to address cross-border settlement and liquidity challenges. The platform enables businesses to collect, hold, convert and settle stablecoins alongside conventional currencies through Kora’s existing APIs
Oneremit has processed more than $200 million in outgoing cross-border transaction volume within 18 months of operation, according to a published article on TechCabal, as the fintech expands its regulatory coverage and builds infrastructure to support international payments for African businesses. The article reports that Oneremit holds regulatory licences and registrations in Nigeria, Canada and
Chipper Cash has begun opening virtual accounts for eligible customers in Ghana after integrating its platform with Universal Merchant Bank’s (UMB) virtual accounts infrastructure, adding bank backed account capabilities to its digital financial services offering. The integration connects Chipper Cash’s technology platform to UMB’s banking infrastructure, allowing the fintech to open and manage virtual accounts
ByteX Financial has merged with Cenne Financial in a move that brings payment infrastructure and AI powered business finance tools under one platform as the fintech targets cross border trade between North America, Africa and India. The combined company will operate under the ByteX brand, bringing Cenne’s finance management technology together with ByteX’s proprietary payment
Moroccan fintech Chari has appointed former Visa executive Aurélien Pichon to its Board of Directors as an independent director, as the company expands beyond B2B commerce into regulated financial infrastructure and agency banking across Francophone Africa. Pichon joins Chari after a two decade career spanning technology, data and payments, including senior roles at Visa, where
Raenest has launched Stablecoin Vault, a new product that allows eligible users to earn up to 7% variable APY on USDC and USDT balances directly through the platform. The launch expands Raenest’s proposition from moving and managing money across currencies to allowing users to earn yield on eligible stablecoin balances. Raenest already allows users to
Nigeria’s digital economy is creating a new category of income platforms built around small, specific online tasks, offering an alternative to traditional freelancing and conventional gig work. One example is TaskletPay, a Nigerian platform that connects advertisers looking for specific digital actions with people who complete those tasks for payment. The model is relatively simple.
OneDosh is expanding its cross border financial platform into the European Union, widening its international footprint beyond its original US Nigeria corridor as it targets users whose income, businesses and financial needs increasingly span multiple markets. The expansion comes as more freelancers, creators and businesses operate across borders, creating demand for financial tools that can