Strategic Collaboration to Drive Stablecoin Use
Crossmint, a comprehensive provider of stablecoin infrastructure, has joined forces with Paga Group, a top payments company in Africa. This partnership aims to enhance stablecoin usage across the continent and integrate African economies into the global financial network. The initiative involves establishing a two-way payment gateway, leveraging Crossmint’s reach and Paga’s local capabilities.
Integrating Payment Systems
Crossmint will incorporate Paga Engine’s fiat capabilities to expand its payout services in Africa. Concurrently, Paga intends to use Crossmint’s framework to develop advanced stablecoin wallets, increasing the security and autonomy of financial transactions with blockchain-based programmable controls.
Impact on African Economy
The partnership offers significant benefits: it enables multinational corporations to access Paga’s extensive fiat on and offramp systems in Africa, facilitating local payments with global stablecoin settlements. This also allows developers to harness chain-agnostic APIs for stablecoin-focused financial products without delving into complex blockchain technology.
Advancing Global Financial Integration
The collaboration aims to provide seamless digital payment experiences to everyday users, offering them complete control over their assets. Rodri Fernández Touza, Crossmint’s Co-founder, highlights personal experiences in Lagos as a driving force for this initiative, emphasizing the importance of efficient cross-border payments.
Future Prospects
Paga processed over $11 billion and 169 million transactions in 2025, reflecting its strong market presence. Crossmint’s support for over 50 blockchains aligns with Paga’s strategy, aiming for a diverse, multi-chain ecosystem that continues to strengthen.
