Payd taps Noah for stablecoin-powered payments for African freelancers
Tech • 2d ago
Payd, a Kenyan-born pan-African fintech startup, has partnered with UK-based payments infrastructure provider, Noah, to enable its users to receive international payments using stablecoins instead of traditional bank rails.
For many African remote workers, getting paid is still the hardest part of the job. Freelancers and contractors working for US and European companies routinely lose up to 10% of their income on platforms like Upwork to lifting fees, FX spreads, and intermediary bank charges. SWIFT transfers can take several business days to clear.
Through the partnership, initially rolling out to over 30,000 Payd users in Kenya, Nigeria, South Africa, and Senegal, customers can now generate virtual USD and EUR accounts within the app, complete with US routing numbers and European inte...