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Originally published by The Kenyan Wall Street
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business
September 18, 2025
7h ago

Reap, Fincra Sign MoU to Power Cards and Cross-Border Payments Innovation Across Africa

Reap, Fincra Sign MoU to Power Cards and Cross-Border Payments Innovation Across Africa

Fincra and Reap have announced a formal partnership to transform cross-border payments between Africa and Asia...

✨ Key Highlights

Fincra and Reap have signed a Memorandum of Understanding (MoU) to innovate card and cross-border payment solutions, specifically aimed at enhancing trade between Africa and Asia.

  • The partnership is Reap’s first strategic alliance in Africa, leveraging Fincra’s African payment rails with Reap’s stablecoin-enabled infrastructure.
  • Both companies will explore Card-as-a-Service (CaaS) solutions and programmable spend controls for African fintechs and SMEs.
  • Sub-Saharan Africa recorded an average remittance cost of 8.37% in Q2 2024, while accounting for 43% of global crypto transactions in 2024, highlighting the need for efficient cross-border payment alternatives.

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