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EN
Why Fincra is teaming up with Reap to speed up Africa–Asia transactions
['Opeyemi Kareem', 'John Adoyi', 'Abdulrasheed Abubakar', 'Adonijah Ndege', 'Sakhile Dube', 'Temitayo Jaiyeola', 'Chukwuebuka Mgbojikwe']
TechCabal
Fincra, a payments infrastructure provider for businesses in and beyond Africa, has partnered with Reap, a global stablecoin-enabled infrastructure provider, to expand card services and cross-border transactions for businesses across Africa and Asia.
Marking Reap’s first strategic alliance in Africa, this deal combines Fincra’s local payment infrastructure with Reap’s stablecoin-enabled rails to speed up the payments corridor between Africa and Asia.
Sub-Saharan Africa has become a global leader in stablecoin adoption, accounting for 43% of all transactions in 2024.
As Reap grows its stablecoin-enabled services, Fincra will support with the infrastructure needed to connect local businesses to global markets.
Reap plans to expand across Africa, starting with the market with the most demand.
['businesses'
'rails'
'transactions'
'fincra'
'africaasia'
'africa'
'reaps'
'forces'
'provider'
'joining'
'stablecoinenabled'
'infrastructure'
'reap']