Onafriq, the continent’s largest payments gateway, has teamed up with Circle, the global stablecoin leader and issuer of USDC, to modernise how money moves across Africa and beyond. By combining Onafriq’s vast network with Circle’s blockchain infrastructure. The two firms will pilot USDC-based settlement rails that promise faster, cheaper and more transparent transactions for millions of people and businesses.
Why It Matters
Costly detours. Today, more than 80 % of intra-African payments are routed through banks outside Africa and settled in foreign currencies, racking up an estimated US $5 billion in fees each year.
Seamless reach. Onafriq’s platform already links 500+ mobile wallets and 200 million bank accounts across 40+ markets. Integrating USDC directly into this network removes multiple intermediaries and foreign-exchange steps.
Financial inclusion. Lower fees and near-instant settlement give SMEs, remittance senders and everyday consumers new confidence and control over their money.
Executive Perspectives
“Partnering with Circle moves us closer to a world where cross-border payments are as simple as sending a text. USDC lets us cut costs, build trust and extend financial access at scale. Turning our vision of democratic, borderless payments into reality.” Said Dare Okoudjou, Founder & CEO, Onafriq
“Emerging markets are primed for stablecoin innovation. Working with Onafriq allows us to deliver secure, transparent digital rails in regions where traditional banking has been slow, expensive or out of reach.”
Miriam Kiwan, VP, Middle East & Africa, Circle
This collaboration lays the groundwork for a self-reliant, pan-African financial ecosystem. One that aligns closely with regulators and leverages blockchain responsibly to serve real-world needs. By pioneering USDC-powered settlements, Onafriq and Circle are not just anticipating the future of payments; they are building it today.
