Why Fincra is teaming up with Reap to speed up Africa–Asia transactions
- Fincra and Reap have formed a strategic partnership to expand card services and cross-border transactions.
- The collaboration will develop Card-as-a-Service offerings and programmable spend controls for African fintechs.
- Sub-Saharan Africa leads in stablecoin adoption, accounting for 43% of all transactions in 2024.
The partnership between Fincra and Reap represents a significant step towards modernizing payment systems in Africa, particularly in leveraging stablecoins to reduce transaction costs and improve efficiency. This collaboration could serve as a model for future fintech partnerships in emerging markets, addressing critical challenges in cross-border payments.
