#stablecoin

M-Pesa is collaborating with Visa and Onafriq to pilot stablecoin payments in the Democratic Republic of Congo (DRC). This initiative is part of a broader discussion on financial technology developments, which also includes the Central Bank of Nigeria revoking licenses for several banks and Zain's expansion into Syria after MTN's exit, according to Techpoint Africa.

In the latest TechCabal Daily, it is reported that Monzo is expanding its operations into Nigeria. Additionally, Mauritius' largest bank is looking to enter the Côte d'Ivoire market, Zanzibar has signed a $114 million deal for fiber infrastructure, and Daya has raised $2.4 million to support stablecoin payments.

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.

Yellow Card has obtained Swiss regulatory approval to operate through a supervised financial intermediary in Lugano, enabling banks, financial institutions, and large businesses to access its payment network across Africa and other emerging markets. This development establishes a Swiss base for institutional clients to utilize Yellow Card's stablecoin infrastructure.

Yellow Card has received regulatory approval in Switzerland, allowing it to expand its global stablecoin network. This approval follows the company's decision seven months prior to discontinue its retail trading business in favor of enhancing its business-to-business infrastructure operations.

Ivorypay has launched X402 Payments, becoming the first company in Africa to enable machine-to-machine stablecoin transactions across all major blockchains. The company operates in 17 African countries and aims to enhance payment infrastructure in the region.