Onafriq Partners Circle to Expand Access to Cross-Border Payments Across Africa With USDC

Onafriq, a Pan-African payment company that enables the Interoperable Cross-Border and Domestic Digital Payment, has co-worked with Circle A Global Financial Technology Company, to expand access to cross-border payments across Africa with USDC.

By incorporating the settlement solutions of the USDC to its network, Onafriq makes intra-Africa payments faster and better for individuals and organizations.

Today, more than 80% of intra-Africa payments take a costly journey through foreign banks, dollars or euro repairs and draining a collapse of US $ 5 billion annually on transaction fees. This clunky system prevents African economic dreams.

This collaboration marks a significant step in seizing stablecoins and blockchain infrastructure to produce a more affordable and inclusive cross-border payment system that lowers costs, simplifies transactions, and strengthens trust.

Speaking in collaboration, Dare Okoudjou, Onafriq's founder and CEO, said, said,

“Our cooperation with the Circle is an important milestone, which reinforces the promise of Onafriq to use technology to eliminate complexity from cross-border payments. By integrating the USDC, we aim to simplify financial transactions for institutions and individuals, reduce costs, and strengthen the confidence. Access to payments and driving partnerships worldwide.

Also speaks, Miriam Kiwan, Vice President, of the Middle East and Africa said in the circle, said,

“The emerging markets served by Onafriq hold massive potential for changing digital assets, especially for adopting stablecoins for cross-border payments. And connection.”

Last year, there has been a major leap forward to the growth and maturation of the USDC economy. Worldwide, there is significant momentum because more people and businesses have tapped the power of digital dollars on blockchain networks. Developers have continued to discover the power of USDC and Circle technologies as a platform for developing apps that can make better, faster, and more include global commerce and finances. Stablecoins and blockchain are the keys, to unlock faster, cheaper, and more inclusive transactions that empower individuals and businesses.

Onafriq, a Pan-Frican payment company that enables the interoperable cross-border and domestic digital payment, is driving the next step in this revolution. The company boasts a multi-cultural, multi-talented, agile team from more than 30 different countries driven to create access to an infinite world for millions of Africans and African businesses.

By infusing the Onafriq network connecting more than 500 wallets and 200 million bank accounts across 40+ African markets with settlement solutions enabled by the USDC, this cooperation is cross-border payments.

Interestingly, this collaboration is a giant jumping toward a self-reliant, inclusive pan-Africa Financial Ecosystem, one in which blockchain and stablecoins have paved the way for a future faster, fair, and fierce connected.

Impact of collaboration

• Reduction of cost and economic efficiency

The collaboration has ridiculed US $ 5 billion on the annual transaction fees drained by the foreign bank route. The use of the USDC for organizations significantly lowers costs for individuals, businesses, and institutions. Cheaper transactions are free capital for investment, consumption, and growth, strengthening of aggregation and competitiveness in Africa.

• Faster transactions

Blockchain-based USDC fixes allow close-instant cross-border payment, unlike the delays of traditional systems. Speed ​​improves business agility, supports real-time commerce, and improves cash flow for millions of users, from small businessmen to large businesses.

• Improved financial integration

By alleviating access to cross-border payments, especially through mobile money platforms, cooperation has reached nonsense populations, including without traditional bank accounts. It democracy of financial services, empowering millions of people who participate in the global economy, care for entrepreneurship, and reducing poverty.

• Strengthened trust and transparency

Transparent, secure ledger ensures reliable transactions, while USDC stability alleviates the risks of money volatility. Increasing trust encourages the adoption of individuals, businesses, and regulators, which puts ways for the broader acceptance of digital currencies in Africa.

• Advance a Pan-African Financial Ecosystem

The cooperation reduces hope for foreign currencies and banks, promoting a self-reliant financial infrastructure consistent with the needs of Africa. It supports regional integration efforts, such as the African Continental Free Trade Area (AFCFTA), by enabling seamless trade and investment in boundaries.

Look forward

Onafriq-circular cooperation is an important moment in African financial evolution, which signs a move toward a modern, companion, and excellent payment infrastructure. It challenges the dominance of legacy systems, empowers local economies, and sets a global benchmark for how emerging markets can use digital assets responsible.

By reducing costs, improving access, and strengthening trust, this cooperation not only changes how money moves within Africa but also strengthens the role of the continent in the global financial scene, setting the way for a more connected and prosperous future.