Nigerian fintech company Paga has entered a strategic partnership with blockchain infrastructure provider Crossmint to accelerate stablecoin adoption across Africa by linking local payment systems with global digital asset networks.
The partnership combines Paga’s fiat payment infrastructure with Crossmint’s stablecoin and wallet technology, allowing consumers and businesses to move funds more easily between local currencies and digital dollars.
Africa ↔ global finance, both directions.
Crossmint’s payout network reaches Africa on Paga’s rails.
Paga ships Stablecoins wallets so simple the blockchain disappears.
Excited to be building with @rodrifernandezt @alfongj and the @crossmint team.
— Tayo Oviosu 🗽 (@oviosu) June 10, 2026
Founded in 2009, Paga processed more than $11 billion (about ₦17 trillion) in payments across 169 million transactions in 2025, serving millions of customers and hundreds of enterprise clients through its consumer platform, Paga Engine, and merchant solution, Doroki.
New infrastructure for stablecoin payments
Under the agreement, Crossmint’s global payout network will integrate with Paga’s local on- and off-ramp services, enabling users to convert between fiat currencies and stablecoins more efficiently.
The partnership will also introduce programmable smart wallets across Paga’s consumer, merchant, and enterprise products. The wallets are expected to include features such as spending controls, multi-party approvals, and self-custody while simplifying the user experience.
Crossmint, founded in 2022, supports more than 50 blockchain networks and provides stablecoin infrastructure, smart wallets, compliance tools, and payment solutions. The company works with over 40,000 developers and businesses and has supported projects involving firms such as MoneyGram and Western Union.
Is the partnership building on Africa’s growing stablecoin market?
The announcement comes as stablecoins gain traction across Africa for remittances, cross-border commerce, and protection against local currency volatility. Industry surveys show that more than 79% of crypto-active users in markets including Nigeria and South Africa hold stablecoins, while 76% plan to increase their holdings.
Traditional remittance services in many African corridors can cost between 6% and 8% and often involve settlement delays. Paga and Crossmint say their partnership aims to provide faster and lower-cost alternatives while maintaining regulatory compliance
Crossmint Co-founder Rodri Fernández Touza said the company’s technology will support Paga’s digital dollar products, payment cards, and U.S. account offerings for users in Nigeria.
How will this partnership strengthen blockchain strategy?
The deal also grows Paga’s blockchain ambitions following its recent efforts to enable multiple digital asset networks, including support for Sui-based stablecoin infrastructure.
For businesses, the collaboration could simplify payroll, supplier payments, and international collections using stablecoins while maintaining access to local fiat currencies. Developers will also gain access to chain-agnostic tools for building compliant blockchain applications.
Meanwhile, Flutterwave recently partnered with Tempo to expand stablecoin settlement options for cross-border payments across Africa. Companies like Stripe and other global payment providers have also explored blockchain-based settlement tools to improve speed and reduce friction in cross-border transactions.
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