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Onafriq, the pan-African payments network, has partnered with Privy, the wallet infrastructure provider acquired by Stripe in 2025, to develop stablecoin-enabled payment services for businesses across its network.
The initial phase focuses on cross-chain stablecoin transfers and treasury and settlement workflows, with plans to expand into broader cross-border payment and liquidity solutions.
Onafriq selected Privy for its enterprise-grade infrastructure, which allows digital asset wallet capabilities to be integrated into existing products while abstracting the complexity of blockchain technology.
Moving money between African markets still relies on multiple intermediaries and prolonged settlement cycles, and stablecoins offer a route to eliminate those delays.
Onafriq connects over one billion mobile money wallets and 500 million bank accounts across Africa.
The partnership will enable Onafriq to create and manage embedded digital asset solutions for its partners and, where regulation allows, institutional clients including banks, FinTech companies, and mobile money operators.
“At Onafriq, we keep investing in technology that makes payments faster and more accessible. Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks,” said Luke Kyohere, group chief product and innovation officer at Onafriq.
Privy provides secure wallet infrastructure for financial products built on crypto and stablecoin rails.
More than 2,000 developers and businesses, including Ramp, Deel, and Hyperliquid, use the platform to power over 120 million accounts and process billions of dollars in monthly volume.
“Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement. Working with Onafriq allows us to help build that foundation across Africa and beyond,” said Henri Stern, co-founder and CEO of Privy.
