African payments company Onafriq has announced a partnership with global financial technology company Circle to improve cross-border payments across the continent.

The collaboration, announced on April 30, will integrate Circle’s USDC-powered settlement solutions into Onafriq’s infrastructure, marking a major leap toward simpler, faster, and more affordable intra-African transactions.

The partnership aims to break down traditional barriers in cross-border finance, including high transaction fees, slow processing, and currency exchange hurdles, by leveraging blockchain-powered stablecoin technology.