How stablecoins payments have changed the game for WeWire

WeWire is a global fintech founded with the purpose of making business-to-business transactions simpler, faster, and more accessible. With a central focus on Africa and emerging markets, the company facilitates transactions in over 10 currencies across 80+ markets. This reach has enabled more than 3,000 businesses in 50+ countries to achieve secure, hassle-free global expansion.

The platform provides an integrated suite of financial services for business management, including solutions for payments and collections, multi-currency accounts, digital cards, and treasury tools.

In a scenario where many companies face barriers to cross-border payments, WeWire seeks to offer a modern and transparent interface for B2B transactions.

The Challenge: The landscape of international transfers in Africa

In developing its financial solutions and infrastructure, WeWire faced the same challenges as many financial institutions and businesses across the African continent, which include:

• High fees associated with international transfers;
• Delays in settlements, which could take several days;
• Low currency predictability and a lack of transparency in financial flows;
• Difficulty in ensuring local liquidity in multiple currencies.

These barriers made the process of international expansion slow and costly, directly impacting the growth of businesses.

The Solution: How the partnership with Conduit boosted WeWire’s operations

With the integration of Conduit, WeWire began using stablecoins, such as USDC and USDT, to optimize its international payments. This technology enabled transactions to be processed instantly, reducing costs and eliminating intermediaries.

Through a simple API integration, this partnership allowed WeWire to combine technological innovation with security and full regulatory compliance, creating a new layer of efficiency for international payments.

The Result: Faster, more cost-effective, and more liquid transactions for WeWire’s clients

The adoption of stablecoins has transformed the payment experience for WeWire and its clients. Settlements that used to take days now happen within minutes, and fees have been reduced by more than 20%. The company gained greater control over liquidity and financial reconciliation, making its operations more predictable and efficient.

“The partnership with Conduit has taken our operations to a new level. Today, we can connect African businesses to the global market with speed, transparency, and much lower costs. Stablecoins have become the bridge driving the new era of payments in Africa,” says Ebenezer Ghanney, CEO of WeWire.

WeWire + Conduit: Transforming B2B payments in the African continent

The collaboration between WeWire and Conduit demonstrates how stablecoin technology is redefining the global financial ecosystem, bringing efficiency, inclusion, and innovation.

Want to know how your company can benefit from this revolution in international payments? Get in touch with the Conduit team and discover how to accelerate your transactions with greater speed and cost efficiency.