Grey, a cross-border payments provider founded in Africa in 2020, announced on Monday that it has extended its business banking product set to add USD business accounts, bulk payments functionality and support for USDC stablecoins.
The enhanced platform allows corporate clients to open USD-denominated accounts through Grey, accept payments from international customers, and execute payouts across borders. Grey said its service supports payments to more than 170 countries and includes bulk payment processing for firms managing multiple outbound transfers.
The company positions the expansion as a response to persistent frictions in international money movement. The World Bank has reported that typical international transfer fees average 6-7% of the amount sent, and settlement can require several days. According to Grey, businesses in many emerging markets face constrained access to foreign currency accounts, opaque intermediary fees, and limited visibility into exchange rates.
Grey’s product update aims to address those points by offering transparent pricing, faster settlement times and direct access to USD business accounts with the option to use USDC stablecoins. The platform also includes multi-currency accounts, low-cost international money transfers, a virtual USD card, expense management tools and security features.
"Businesses may operate without borders today, but access to reliable global banking remains uneven, particularly for companies in high-growth markets," said Idorenyin Obong, Co-founder and Chief Executive Officer of Grey. "We’re closing that gap and enabling businesses to move money faster, with greater transparency and control, wherever their clients or partners are based."
"When payments are delayed, or costs are unpredictable, growth stalls," said Joseph Femi Aghedo, Chief Operating Officer and Co-founder of Grey. "Grey eliminates those friction points, giving businesses a faster, simpler way to manage payroll, supplier payments, and partner payouts across borders. Adding USD and stablecoin capabilities makes these benefits accessible to even more customers."
Grey maintains an international footprint, with operations in the United States, the United Kingdom and Europe, and more recent expansion into Latin America and Southeast Asia. The company holds a Money Service Business license from FINTRAC in Canada and is registered with FinCEN in the United States.
Alongside the core platform features, Grey offers functionality intended for corporate treasury and payments operations, such as virtual USD cards and expense management. The firm highlights security measures as part of the service package and emphasizes its transparent approach to pricing and settlement speed as competitive differentiators.
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