For many African businesses, cross-border payments often involve delays, high fees, and outdated banking systems, making international trade seem like a constant struggle.
Now, A fast-growing cryptocurrency exchange in Africa, ZendWallet, has launched Zendfx, which enables businesses to make faster, cheaper, and more reliable international payments using stablecoins such as USDT and USDC.
Zendfx offers a simple and transparent alternative to traditional payment methods by cutting out middlemen and reducing fees.
The feature is intended for African entrepreneurs, SMES, and large businesses with international trade partners, especially those in China, Vietnam, Hong Kong, the US, and over 150 other supported countries.
CEO Elujoba Adedamola shared, “Zendfx takes on the payment struggles African businesses face by making stablecoin payments fast, accessible, and reliable.”
Zendfx is available through verified Zend Business accounts on ZendWallet.com. Businesses can make payments in USD, EUR, CAD, or GBP, with limits ranging from $1,000 to $1,000,000 per transaction.
Payments are processed within 24 to 72 business hours, once the invoice and beneficiary SWIFT details are provided.
With over $3 billion in transactions already processed, ZendWallet’s rollout of ZendFx highlights the increasing importance of stablecoins in Africa’s financial ecosystem and indicates a shift toward cryptocurrency trading operations across the continent.
For more details or to start using Zendfx, visit ZendWallet.com.
