VaulFi, a stablecoin-driven neobank serving North Africa, and Noah, an international payments platform, have entered into a strategic alliance to introduce direct access to fast and cost-effective cross-border payments via virtual bank accounts utilizing stablecoins. This partnership aims to provide freelancers and remote workers in the region with enhanced payment flexibility.
Traditionally, cross-border payments through the SWIFT system can take up to 21 days and involve significant fees—up to USD 80 per transaction—from formal financial channels. In contrast, this new solution leverages Noah’s established settlement infrastructure to enable near-instantaneous transfers in EURC or USDC directly into VaulFi wallets. This substantially reduces both the time and cost associated with traditional cross-border transactions.
Details of the Partnership
VaulFi’s users will have access to dedicated virtual accounts with Euro IBANs and US routing numbers, facilitating seamless integration into existing banking systems. Payments initiated via standard bank channels are processed as rapid transfers in stablecoins within VaulFi’s ecosystem, transforming what was previously a lengthy SWIFT transaction into virtually instant settlements.
VaulFi streamlines the Know Your Customer (KYC) process by accepting local documentation, which helps bridge the gap for workers who might not possess widely recognized forms of identification. The solution caters to both individual freelancers and remote workers receiving payments from European or American clients, as well as diaspora members transferring funds via SEPA or local traders managing cross-border inventory payments.
Safa Korti, Co-Founder of VaulFi, commented that this partnership is designed to provide people with global financial tools regardless of their geographic location. Shah Ramezani, Founder and CEO of Noah, stated that the aim is to give North African freelancers the same level of financial access as developers in Paris or New York, thereby making complex cross-border finance transparent.
