How Fincra and Reap are Transforming Africa–Asia Transactions with Stablecoins

Two men holding transaction brochures at Africa-Asia transaction event.

Fincra and Reap: A Game-Changing Partnership

Fincra, a leading payments infrastructure provider based in Africa, has announced its partnership with Reap, a global player in stablecoin payment solutions. This collaboration aims to enhance cross-border transactions between Africa and Asia by leveraging the innovation of stablecoins. By combining Fincra's local payment expertise with Reap's advanced technology, the two companies are set to disrupt the traditional banking systems that often stall transactions.

Why This Partnership Matters

In 2024, Sub-Saharan Africa led the world in stablecoin adoption, accounting for an astounding 43% of global transactions. Yet, the region still faces the highest remittance costs, averaging 8.37%—a significant barrier for businesses and families alike. By utilizing stablecoins, Fincra and Reap aim to reduce costs and improve transaction speeds, making financial interactions more efficient and accessible.

The Future of Payments in Africa

With its newly acquired Third Party Payments Provider (TPPP) licence in South Africa, Fincra can now execute local payment methods, including debit and credit transactions. This strategic move opens avenues for new financial tools tailored to African fintechs and SMEs, empowering them to scale operations beyond borders.

The Vision Ahead

The leadership teams of both Fincra and Reap envision a future where businesses across Africa can effortlessly connect to global markets. Emmanuel Babalola’s statement about Fincra being present in over 15 countries indicates a robust expansion plan, promising that if this partnership proves successful, they will extend their reach even further across the continent.

Join the Movement

This partnership resonates with the ongoing digital transformation in Africa, catalyzing innovations in fintech and blockchain technology. As these evolving elements shape the business landscape, stakeholders, entrepreneurs, and investors are encouraged to participate in this revolution. Don’t miss opportunities that may redefine your business strategies.

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How Fincra and Reap are Transforming Africa–Asia Transactions with Stablecoins

Fincra and Reap: A Game-Changing Partnership

Why This Partnership Matters

The Future of Payments in Africa

The Vision Ahead

Join the Movement

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