MoneyGram has teamed up with NALA, a fintech company focused on Africa, to manage payout transactions in both Africa and Asia via stablecoin technology.
This collaboration was announced through MoneyGram’s official X account. Under the agreement, MoneyGram will integrate with Rafiki, NALA’s B2B platform designed to handle conversions between stablecoins and fiat currencies, as well as direct settlements.
Earlier in February 2026, NALA’s CEO mentioned that discussions were underway with global entities like MoneyGram for exploring the use of stablecoin networks. At that time, it was noted that Rafiki had secured some of its largest contracts to date, marking significant growth and expansion of payment corridors across African and Asian regions.
Rafiki: The Infrastructure Behind the Partnership
Rafiki is NALA’s B2B platform that supports both stablecoin and fiat currency conversions through a single API. It acts as an interface for global businesses to route payments directly into recipients’ mobile wallets or bank accounts across Africa. Customers can use Rafiki to complete transactions in local currencies or stablecoins.
Rafiki operates under a licensed framework, which is essential in regions where regulatory compliance around digital assets and cross-border payments must be strictly maintained for commercial operations. NALA’s infrastructure extends across multiple African corridors and is now being expanded into Asian markets, positioning Rafiki as a multi-region settlement layer suitable for international payment providers.
MoneyGram’s Journey with Stablecoins
MoneyGram has been exploring blockchain-based remittance solutions since October 2021 when it partnered with the Stellar Development Foundation to enable crypto payouts in local currencies. The current agreement with NALA marks a further step towards integrating stablecoin technology into MoneyGram’s operations, particularly for emerging markets.
MoneyGram operates across over 200 countries and territories, servicing approximately 347,000 locations as of October 2021. Integrating this scale of network with stablecoin settlement technology represents a substantial operational challenge, which is mitigated by relying on the locally licensed Rafiki platform for compliance and integration.
This partnership comes at a time when stablecoin usage in cross-border payments is increasing due to clearer regulatory frameworks in several jurisdictions and growing interest from traditional financial institutions in digital asset settlement platforms.
