Onafriq has partnered with stablecoin infrastructure provider Privy to strengthen its digital asset infrastructure and accelerate the development of stablecoin-enabled payment services for businesses across its network.
Onafriq will build and run embedded digital asset solutions for partners and, where regulation permits, for institutional clients. The first phase will focus on cross-chain stablecoin transfers, treasury management and settlement workflows. This will lead to faster cross-border payments and increased liquidity across African markets.
Onafriq aims to simplify digital asset adoption while enabling banks, fintechs and mobile money operators to benefit from faster and more efficient payment services.
Luke Kyohere, Group Chief Product and Innovation Officer at Onafriq, said the partnership aligns with the company’s continued investment in technologies that improve payment efficiency across the continent.
“Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks.”
Henri Stern, Co-Founder and CEO of Privy, said stablecoins are becoming an increasingly important part of global payments but require robust infrastructure to achieve widespread adoption.
“Working with Onafriq allows us to help build that foundation across Africa and beyond.”
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