Cross-border payments fintech Grey has expanded its business banking offering with the launch of USD corporate accounts, bulk payment capabilities and USDC stablecoin support, in a move aimed at reducing foreign exchange costs and settlement delays for businesses operating internationally.
The company said the new features allow businesses to receive payments from global clients, manage high-volume cross-border transactions and make payouts to more than 170 countries within minutes from a single platform.
The NGGOSSIPS reports that Grey holds a Money Service Business licence from FINTRAC in Canada and FinCEN in the USA, with a primary focus on emerging markets.
International payments remain costly and slow for many firms in emerging markets. Data from the World Bank shows that global remittance transfers typically attract fees of between six per cent and seven per cent, while settlement can take several days due to intermediary banks and foreign exchange conversion processes.
Businesses also face limited access to foreign currency accounts, unpredictable charges and poor exchange-rate transparency, constraints that can restrict cash flow and growth.
Grey says its new USD banking features are designed to address these pain points by providing transparent pricing, faster settlement and direct access to dollar-denominated accounts alongside stablecoin rails.
Grey Co-founder and Chief Executive Idorenyin Obong said the initiative aims to close gaps in global banking access for businesses in high-growth markets.
“Businesses may operate without borders today, but access to reliable global banking remains uneven, particularly for companies in high-growth markets. We are closing that gap and enabling businesses to move money faster, with greater transparency and control, wherever their clients or partners are based,” he said.
“When payments are delayed or costs are unpredictable, growth stalls,” added Chief Operating Officer and Co-founder of Grey, Joseph Aghedo. “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.”
Founded in Africa in 2020, Grey operates across key markets including the United States, the United Kingdom and Europe and has recently expanded into Latin America and Southeast Asia.
The company’s broader product suite includes multi-currency accounts, virtual USD cards, expense management tools and low-cost international transfers targeted at digital-first businesses and remote professionals.
