#cross-border payments

The Federal Government has proposed the creation of a cross-border payment card aimed at facilitating transactions between African currencies directly, without the need for conversion through the U.S. dollar or other third-party currencies. This initiative seeks to enhance financial integration within the continent.

Daya, a fintech startup backed by Alliance, has raised $2.4 million to develop stablecoin payment infrastructure. This funding follows its graduation from the Alliance DAO ALL15 cohort in November 2025. Daya aims to join other Africa-focused fintechs like Yellow Card and Juicyway in leveraging stablecoins for cross-border business transactions.