Onafriq, a pan-African payments company which enables interoperable cross-border and domestic digital payments, has partnered with Conduit, a next-generation payment network to provide stablecoin-powered infrastructure for global payments.
Under the agreement, Conduit will integrate its global stablecoin network with Onafriq’s extensive cross-border payment rails. The move aims to cut the time and cost of moving funds across currencies and jurisdictions.
Onafriq handles growing cross-border volumes for banks, mobile money operators, and merchants, though it declined to disclose its annual payment volume.
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Speaking on the partnership, Kirill Gertman, Founder and CEO of Conduit, described Onafriq as a global poster child for the impact a fintech can have in a developing market.
He said,
“Onafriq is a global poster child for the impact a fintech can have in a developing market, offering fast, reliable, and accessible money movement in Africa, which has not been served well by traditional banking options”.
The first phase of the partnership will centre on treasury operations. Conduit will support Onafriq in converting USDC into U.S. dollars via off-ramp channels, as both companies explore how stablecoins can enhance global liquidity management and streamline settlement processes.
The partnership adds to a run of African fintechs adopting stablecoins as backend settlement rails. An example is Tanzania-based fintech NALA, which has integrated stablecoin settlement into its RafikiB2B platform. Through partnerships, NALA lets merchants receive stablecoin payments and convert instantly into local currency, addressing slow and costly traditional remittances.
Across Africa, the demand for Stablecoins has grown rapidly in recent years. The digital asset across the region is more than a tech trend it is becoming practical tools for financial inclusion, especially where traditional banking is slow, expensive, or inaccessible. As more fintech companies embed stablecoins into everyday services, and as regulatory frameworks evolve, the ecosystem is expected to grow further.
Conduit, which launched its cross-border stablecoin platform in 2023, reported rising traction in Africa. The company disclosed that the number of African customers transacting on its platform grew by 80% between the third and fourth quarters of 2025, underscoring strong regional demand.
Founded in 2010, Onafriq has been at the forefront of expanding digital financial access across Africa. The company operates with a multicultural team drawn from over 30 nations, united by the goal of building a borderless financial ecosystem for African individuals and businesses.
While mobile money has transformed access to financial services across the continent, Onafriq has focused on advancing the next phase of that revolution—driving interoperability by connecting mobile money users with one another, bank accounts, money transfer operators, enterprises, and global payment networks.
Through a comprehensive suite of payment solutions and an expansive last-mile network, Onafriq enables mobile network operators (MNOs), money transfer operators (MTOs), banks, global and local merchants, African SMEs, and development organizations to collect and disburse payments seamlessly. The company also provides card issuance and processing services and offers access to Nigerian consumers and SMEs via its agent network, Baxi. With multiple FX sourcing partners across the continent, Onafriq supports multi-currency capabilities for its partners.
Notably, Onafriq partnership with Conduit signals a strategic shift toward stablecoins as core settlement infrastructure rather than peripheral crypto tools.
As cross-border trade and digital commerce continue to expand within and beyond Africa, the need for faster, programmable, and cost-efficient liquidity solutions will intensify.