Onafriq Partners with Privy to Bring Stablecoin Payments to African Businesses

African payments infrastructure provider Onafriq has partnered with crypto wallet infrastructure firm Privy to develop regulated stablecoin payment services for businesses across the continent.

The partnership aims to integrate Privy's embedded wallet technology into Onafriq's network, allowing enterprises to send, receive, and settle stablecoin transactions without requiring users to manage traditional crypto wallets or private keys.

This move builds on Onafriq's broader push into stablecoin-powered payments, which it believes will reshape African payments by reducing transaction costs and increasing efficiency.

Onafriq connects nearly 1 billion mobile wallets, over 500 million bank accounts, and more than 2,000 cross-border payment corridors across over 40 African markets.