Onafriq and Privy Collaborate on Regulated Stablecoin Infrastructure

Africa’s largest payments network, Onafriq, has joined forces with digital asset infrastructure provider Privy to create stablecoin-powered payment solutions for businesses across the continent. This partnership aims to modernize pan-African payment systems by enabling faster settlements, improved liquidity management, and secure multi-modal wallets.

The initial focus will be on cross-chain stablecoin transfers and treasury workflows, creating a foundation for future borderless payment services. Currently, moving funds between African markets is slow and fragmented, involving multiple intermediaries and lengthy settlement cycles. Stablecoins offer a viable alternative to address these inefficiencies as demand grows among payments companies and financial institutions.

“At Onafriq, we continue investing in technology that makes payments faster and more accessible,” said Luke Kyohere, Group Chief Product and Innovation Officer at Onafriq. “Privy provides a key building block for improved settlement speed and liquidity management.” The partnership will allow Onafriq to offer secure digital asset services while adhering to regulatory frameworks.

Privy was selected for its enterprise-grade infrastructure that enables seamless integration of digital asset wallets with a simple user experience, abstracting the technical complexity of blockchain technology. According to Henri Stern, Co-Founder and CEO of Privy, “Stablecoins will play an increasingly important role in global payments, but adoption depends on secure, scalable, and easy-to-implement infrastructure.”

The collaboration supports various institutional use cases including stablecoin-based settlement, treasury management, and liquidity services. This aligns with Onafriq’s commitment to drive Africa’s digital transformation by making financial services more efficient and accessible.