Kora Introduces One Rail: Simplifying Cross-Border Payments With Stablecoins

Kora, a leading payment solutions provider in Africa, has launched One Rail—a service designed to help merchants manage stablecoin payments alongside traditional currencies. This new offering supports USDT and USDC, both pegged to the US dollar, providing businesses with a more efficient way to handle international transactions.

Key Benefits of One Rail:

• Reduced Costs: Bypasses high remittance fees that average 8–8.8% in Africa (compared to 6.49% globally)
• Faster Settlements: Enables near-instant payments compared to traditional bank transfers
• Currency Flexibility: Allows businesses to receive payments in stablecoins and convert them into local currencies at their convenience
• Simplified Management: Provides a user-friendly dashboard for tracking transactions, managing balances, and generating reports

With One Rail, merchants can create digital wallets specifically for stablecoin transactions. These wallets allow them to accept payments from anywhere in the world, track payment status in real-time, and convert funds into their local currency before settling directly into bank accounts.

Addressing a Critical Need

The launch of One Rail comes at a time when African businesses are increasingly seeking alternatives to traditional international payment methods. High transaction costs and slow settlement times have long been barriers to cross-border commerce in the region. Stablecoin adoption is rapidly growing, with 78% of Africans now owning digital currencies—creating both an opportunity and a need for more integrated solutions.

“Cross-border commerce in Africa faces significant friction with remittance costs averaging 8–8.8%, while stablecoin ownership has reached 78%,” notes Kora CEO Dickson Nsofor. “One Rail is designed to bridge this gap by providing businesses with the tools they need to thrive in the global market.”

Kora’s One Rail aims to empower African merchants, enabling them to participate more fully in international trade while retaining control over their finances. The company plans to continue expanding its services and partnerships across the continent, further simplifying payments for businesses of all sizes.