Supercoin is developing a family of stablecoins focused on Africa, beginning with ZARsc, a South African Rand-pegged stablecoin built on the Solana blockchain. The company positions ZARsc as a digital representation of the Rand that settles in seconds, operates continuously,…
Luno acquires GTXN in a move aimed at expanding its cross-border payments capabilities across its core markets. The acquisition brings GTXN’s licensed collection and payout infrastructure into Luno’s existing regulatory and liquidity footprint, creating a more integrated route for businesses…
Yellow Card has expanded its operations into Canada, extending its footprint into North America through the launch of Alkepay Inc., a wholly owned subsidiary. The Yellow Card Canada expansion adds foreign exchange dealing and cross-border funds transfer services to the…
The fuel payments sector continues to face challenges related to settlement delays, reconciliation processes, transaction costs, and fraud prevention. In South Africa, PumpPay is addressing these issues through the use of ZARP, a South African rand-backed stablecoin, to support real-time…
Tether and Fasanara Capital have launched StableFund, a jointly sponsored private credit vehicle designed to expand stablecoin-enabled private credit lending to businesses through fintech channels. The evergreen fund is backed by $400 million in co-investment from the two sponsors and…
Mastercard and Busha have launched Mastercard Crypto Credential for eligible Busha users in Nigeria, marking a significant step in simplifying digital asset transfers across Africa. The partnership enables eligible users on Busha, a pan-African digital asset exchange, to send and…
ZARU (ZAR Universal Network) has added Absa Group as a banking partner, marking a significant development for the network’s financial infrastructure. According to BlockTower, Absa joins the ecosystem as one of Africa’s largest banking groups, bringing national coverage, established settlement…
A consortium of 21 major financial institutions from North America, Europe, Asia, the Middle East, and Africa has announced plans to launch a regulated stablecoin venture, with a U.S. dollar-backed stablecoin expected to be introduced in the first half of…
Stablecoin payment connectivity is expanding across Africa through a new partnership between Kotani Pay and DCSPay. The agreement connects DCSPay’s stablecoin payment infrastructure with Kotani Pay’s local payment network, enabling regulated exchanges and businesses to extend stablecoin-funded payouts into African…
Luno has announced a significant milestone in its growth journey, securing a Class F Digital Asset Business (DAB) licence from the Bermuda Monetary Authority (BMA). The development marks an important step for the company as it expands its regulated presence…
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