Paga Group and Crossmint launch stablecoin payment infrastructure across Africa

Paga Group and Crossmint have announced a partnership that connects African fiat rails with global stablecoin networks in both directions. For PSPs and merchants working in high-risk corridors, the practical point is simple: the stack is being built for cross-border settlement, programmable wallets, and direct stablecoin spending across Africa.

1. Crossmint will integrate Paga Engine’s local fiat on- and off-ramps into its enterprise payout network, while Paga will use Crossmint’s infrastructure to issue stablecoin wallets to consumers and agents across the continent. The setup is meant to let multinationals using Crossmint access African fiat settlement, while African users get on-chain wallets with programmable controls.
2. The wallets are built on smart contracts, which means spending limits, transaction restrictions, and multi-party approvals are enforced at the protocol level rather than in app logic. In practice, that makes the controls more auditable and harder to bypass, while users still interact through a standard app interface.
3. The infrastructure covers both enterprise and retail use cases. Businesses using Paga Engine will be able to send and receive stablecoin-denominated cross-border payments, with Crossmint handling orchestration and Paga handling fiat conversion. On the consumer side, Paga users get non-custodial smart wallets to hold and move stablecoins inside the Paga app.
4. Agents can also be issued dedicated wallets programmatically via API, with wallets optionally linked to physical or virtual cards for direct stablecoin spending. That is the part PSPs and issuing partners will care about most: the wallet is not just a holding account, but a spend layer that can be wired into card rails.
5. The stablecoin infrastructure will be available to all businesses building on Paga Engine. Paga, founded in 2009 and headquartered in Lagos, currently powers over 300 businesses, including Meta, LemFi, Qatar Airways, and Verto. Crossmint supports more than 50 blockchains, including Sui, Solana, Ethereum, Polygon, and Stellar.

Paga Group said it processed 169 million transactions worth over ₦17 trillion ($11 billion) in 2025. For high-risk operators, that scale matters because the partnership is not being positioned as a side product; it sits on top of an existing payments network with real transaction volume and named enterprise users.