Quidax rolled out XAF and XOF payouts, Fixed Earn up to 7% yield, static NGN accounts, market markups, and a Basqet payment link API.
Quidax announced a batch of product updates focused on payments infrastructure and treasury tools for businesses operating across African markets.
First, Quidax now supports the Central African CFA franc (XAF) and West African CFA franc (XOF). Merchants can hold and withdraw both currencies, and can send withdrawals directly to mobile money wallets in Cameroon and Côte d’Ivoire through the Quidax Business API. An API is a set of tools that lets software systems talk to each other, like a connector between your product and Quidax.
Second, the company launched Fixed Earn, a corporate treasury feature for idle balances. It lets businesses lock funds for a fixed term and earn a predictable yield of up to 7%. Quidax positions it as an inflation and FX volatility hedge, with the promise that the principal, meaning the original amount deposited, does not fluctuate.
Third, Quidax Ramp now supports static NGN accounts. Instead of generating a new virtual account number for each naira deposit, businesses can request one account number per customer for repeat deposits.
Fourth, Ramp added market-specific markups. A markup is the extra margin added on top of a rate or fee, and Quidax now lets merchants set different markups by country to reflect local liquidity and competition.
Finally, Quidax said its Basqet product now supports a Payment Link API. Teams can create static links, meaning the amount stays the same, or dynamic links, meaning the amount can change per request. They can also retrieve and track links programmatically while keeping visibility in the Basqet dashboard.
CFA corridors often have higher friction for payouts and collections, especially when mobile money is the destination. Adding XAF and XOF support could reduce the number of intermediaries merchants need when serving Francophone West and Central Africa.
Fixed Earn signals more fintechs are bundling treasury and yield products alongside payments. For startups and SMEs with predictable cash needs, static NGN accounts and market-level pricing controls can reduce operational overhead and protect margins as they expand across countries.
Primary Source: Quidax Blog
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