Grey launches USD accounts for faster cross-border payments

By Vriti Gothi

Lagos-based FinTech Grey has expanded its business banking platform with new USD-denominated accounts, bulk payment capabilities, and support for USDC stablecoin as the company seeks to simplify cross-border transactions for businesses operating internationally.

The new features allow companies to open USD corporate accounts, receive payments from overseas clients, and send payouts to more than 170 countries. Businesses can also process bulk disbursements and manage high-volume cross-border transactions from a single platform, with settlements completed within minutes.

The move comes as cross-border payments continue to present operational and cost challenges, particularly for businesses in emerging markets. According to the World Bank, international transfers typically carry fees of around 6–7% and can take several days to settle. Limited access to foreign currency accounts, opaque intermediary charges, and fluctuating exchange rates further constrain liquidity and growth.

Grey’s expanded offering aims to address these constraints by providing USD account access, faster settlement, and transparent pricing. The addition of USDC support is intended to give businesses an alternative rail for moving funds more efficiently while improving visibility and control over international cash flows.

“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.”

Joseph Femi Aghedo, co-founder and chief operating officer, added that payment delays and unpredictable costs often hinder business expansion. “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 offers multi-currency accounts, international transfers, virtual USD cards, and expense management tools, targeting globally distributed businesses and independent professionals.

The expansion reflects a broader industry shift toward alternative cross-border payment infrastructure and digital asset integration, as FinTech providers compete to reduce settlement times, lower costs, and improve access to foreign currency services for underserved markets.