Esca Finance, a Nigerian-founded foreign exchange (FX) sourcing and treasury management startup, has partnered with MANSA, a Tether-backed stablecoin settlement provider, to enable same-day settlements across key African payment corridors, including Nigeria, Ghana, and Francophone West and Central African markets.
The partnership combines Esca’s FX, banking, and local payout infrastructure with MANSA’s stablecoin-backed settlement rails, allowing payment companies and remittance providers to complete transactions faster without tying up capital across multiple markets.
Cross-border payment companies often have to pre-fund accounts in destination countries before processing transactions. That means keeping money parked across several markets in advance, tying up working capital, and making expansion more expensive. Esca said MANSA’s infrastructure provides liquidity when transactions are initiated, reducing the need for businesses to hold large balances in multiple countries.
The move underscores how FX infrastructure providers are using stablecoins to offer faster settlement to businesses seeking alternatives to conventional correspondent banking systems, which can be slow and costly in many African markets. Stablecoin-based settlement infrastructure has emerged as an option for cross-border money movement while improving access to dollar liquidity.
