Kredete Partners with Visa Africa on Stablecoin Cards

In Short

Kredete said it is partnering with Visa Africa to expand stablecoin-backed card issuance across Africa and the Gulf Cooperation Council, focusing on African immigrants and diaspora communities.

What Happened: Kredete and Visa Africa Partnership

Kredete, a fintech that serves Africans in the diaspora, said it has partnered with Visa Africa to advance stablecoin-powered financial services.

Stablecoins are cryptocurrencies designed to hold a steady value, often by tracking the US dollar. In payments, they can reduce volatility compared to other crypto assets.

The company also said it was recognised at Visa Africa Fintech Accelerator Cohort 5 Demo Day as a standout alumnus working on stablecoin card issuance. Card issuance is the process of creating and managing payment cards that run on networks like Visa.

TechCabal’s report also referenced Visa’s broader accelerator milestone of supporting more than 100 startups across Africa.

Why It Matters

Diaspora customers often face high fees and slow settlement (when money takes time to fully arrive) for cross-border payments. Stablecoin-backed cards are one way to let users spend digital dollars through familiar card rails, without needing merchants to accept crypto directly.

For founders, Visa partnerships can help with distribution, compliance support, and credibility with banks and regulators. These are common blockers for card programmes, especially when crypto and stablecoins are involved.

The Africa and GCC angle matters because many African migrant corridors run through Gulf countries. If Kredete can operate across both regions, it could compete more directly with remittance apps, multi-currency wallets, and other cross-border fintechs that already target the same users.