STABLECOINS | MoneyGram Partners with African Fintech, NALA, to Power its Payouts via Stablecoins

MoneyGram has revealed that it has partnered with NALA, a leading African fintech, to power payouts across Africa via stablecoin settlements.

In an X post, MoneyGram said that it is leveraging NALA’s licensed stablecoin on-and off-ramp infrastructure, Rafiki, to accelerate payouts across both Africa and Asia.

While the CEO of NALA, Benjamin Fernandes, had mentioned the company was exploring a deal with MoneyGram in February 2026, this confirmation puts a stamp of approval on that speculation.

At that time, Benjamin said:

“Behind the scenes, the business has evolved significantly. We’re increasingly operating as stablecoin-enabled payments infrastructure improving settlement speed, reliability, and unit economics across global corridors to emerging markets across Africa and Asia.

RAFIKI, our B2B platform, is also closing some of the largest contracts in our history as more global companies (including MoneyGram etc.) look for better stablecoin rails to move money into emerging markets. Volumes are growing, corridors are expanding, and the fundamentals of the business are getting stronger each quarter.

Grateful to our incredible customers, our team across product, engineering, treasury, compliance, and operations who are building regulated, resilient infrastructure every single day.”

As reported by BitKE in late 2025, Rafiki is NALA’s infrastructure for on-and-offramp for stablecoins and fiat conversions for its customers.

While announcing record revenue for its payment platform, Rafiki, NALA CEO, Benjamin Fernandes, said the company will soon enable its customers to settle in local currency or stablecoins – all through one API.

Rafiki is a payment platform by NALA which enhances its remittance services across Africa. The platform powers NALA’s consumer remittance app and also global businesses looking to make direct payments into recipient’s mobile money wallets or bank accounts across Africa.

MoneyGram has likewise dabbled in crypto payouts since 2021. As reported by BitKE back in October 2021, MoneyGram partnered with the Stellar Development Foundation to enable crypto payouts in local currencies to users.

In 2014, MoneyGram was the second largest provider of money transfers in the world. The company was operating in more than 200 countries and territories with a global network of about 347,000 agent offices as of October 2021.

The latest partnership with NALA comes at a time when stablecoin adoption hits all-time high driven by regulatory clarity across key markets and mainstream adoption.

Stay tuned to BitKE updates on stablecoin developments across Africa.

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