Grey has expanded its business banking services to include USD business accounts, bulk payments and USDC stablecoin support on one platform.
The cross-border payments company founded in Africa said the move will help businesses receive international payments, send large cross-border transfers and cut the high costs linked to global banking.
Businesses using Grey can now open a USD corporate account, receive payments from clients abroad and send payouts to over 170 countries. Bulk payments can also be processed within minutes.
Cross-border payments remain expensive and slow. According to the World Bank, global money transfers attract an average fee of 6 to 7 per cent.
In many cases, settlement takes several days. Many businesses in emerging markets also struggle to access foreign currency accounts and face hidden intermediary fees and unclear exchange rates.
Grey says its platform offers transparent pricing, faster settlement and access to USD accounts with USDC support, giving businesses more control over their money.
“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.”
Chief Operating Officer and Co-founder Joseph Femi Aghedo said delayed payments and unpredictable costs slow down growth.
“When payments are delayed, or costs are unpredictable, growth stalls,” he said. “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 in the United States, the United Kingdom and Europe. It has also expanded into Latin America and Southeast Asia.
The company offers multi-currency accounts, low-cost international transfers, a virtual USD card, expense management tools and security features.
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