Grey Enhances Global Banking with USD Payment Features

Grey, a provider of cross-border payment solutions, has bolstered its business banking services with new USD-based payment capabilities. This update facilitates faster and more cost-effective transactions for businesses across 170+ countries. Based in Lagos, Nigeria, Grey now offers USD business accounts, bulk payments, and USDC stablecoin support, all integrated into a single platform.

The initiative is aimed at reducing the high costs and complexities of international banking. Businesses can now manage payments from international clients and execute bulk payouts worldwide in minutes. This addresses common issues such as high fees and delayed settlements, which, according to the World Bank, average 6-7% in costs and multiple days for processing.

Co-founders Idorenyin Obong and Joseph Femi Aghedo emphasize that these new features eliminate delays and unpredictability in payments. This expansion strengthens Grey's presence in markets including the United States, the UK, Europe, Latin America, and Southeast Asia.