African payments startup NALA partners Noah to launch instant stablecoin settlement network
NALA and Noah are partnering to launch a stablecoin network for faster, more efficient payments in emerging markets.Summary
African payments startup NALA has partnered with global payments infrastructure company Noah to launch an instant stablecoin settlement network aimed at modernizing payments in emerging markets. NALA, which facilitates secure payments to several African countries, has seen rapid growth in stablecoin payments, processing US$1 billion in volume in 18 months through its infrastructure platform, Rafiki. The partnership combines Noah’s USD collection capabilities with NALA’s stablecoin on- and off-ramp network, enabling instant USD settlement and real-time local currency payouts. This collaboration addresses the historical lack of adequate payment infrastructure in emerging markets, offering businesses 24/7 cross-border treasury and compliant transactions. Both NALA CEO Benjamin Fernandes and Noah CEO Shah Ramezani emphasize the importance of stablecoins as a key enabler for instant, compliant USD settlement at scale, removing friction and restoring trust in global money movement.
(Source：Disruptafrica)