NAIROBI, Kenya, Feb 24 – Cross-border payments provider Grey has added new USD business accounts, bulk payment options, and support for the USDC stablecoin to its platform.
USDC is a digital currency tied to the US dollar, letting businesses move USD quickly without traditional bank delays or exchange rate issues.
The fintech says the move seeks to enable businesses in the African countries where it operates, including Kenya, to send and receive payments across more than 170 countries faster and at lower cost.
The expansion allows businesses to open USD corporate accounts, receive payments from international clients, and make bulk payouts in minutes, a process that previously could take days and incur high fees.
Cross-border transactions remain expensive and slow, especially for businesses in emerging markets.
The World Bank reports that international transfers often cost 6–7% of the amount sent, with settlement delays and unpredictable fees limiting growth.
Many businesses also struggle to access foreign currency accounts and manage cash flow.
Grey aims to simplify this by offering transparent fees, quicker settlement times, and tools to manage payments in USD and stablecoins.
“Businesses may operate without borders today, but access to reliable global banking remains uneven, particularly for companies in high-growth markets,” said Idorenyin Obong, Co-founder and Chief Executive Officer of Grey.
“We’re closing that gap and enabling businesses to move money faster, with greater transparency and control, wherever their clients or partners are based.”
“When payments are delayed, or costs are unpredictable, growth stalls,” added Joseph Femi Aghedo, Chief Operating Officer and Co-founder of Grey.
“Grey eliminates those friction points, giving businesses a faster, simpler way to manage payroll, supplier payments, and partner payouts across borders. Adding USD and stablecoin capabilities makes these benefits accessible to even more customers.”
Grey, established in Africa in 2020, already has a presence in the United States, the United Kingdom, and Europe, and has expanded recently into Latin America and Southeast Asia.
Its services include multi-currency accounts, virtual USD cards, expense management tools, and low-cost international money transfers.
