Kora adds stablecoin payments for African merchants through One Rail. Driving African GDP, Kora's One Rail Enables Faster, Lower-Cost Cross-Border Payments for Merchants Across The Continent DUBAI, UAE, Sept. 30, 2026 /PRNewswire/ - Kora, a pan-African payment infrastructure provider, today announced the launch of One Rail, expanding its payments infrastructure to support stablecoins. Through One Rail, merchants can seamlessly collect, hold, convert, and settle funds in digital currencies alongside traditional fiat payment rails. African businesses operating across borders face persistent structural challenges, including slow international settlement times, high foreign exchange conversion costs, limited access to USD liquidity, and fragmented infrastructure across markets. One Rail directly addresses these pain points by allowing merchants to leverage stablecoins and settlement networks to accelerate cross-border value transfer while reducing operational complexity. With the US dollar serving as the dominant currency for much of Africa's cross-border commerce, Kora's initial support will include USDT and USDC - with additional major USD-backed stablecoins to be added based on demand and regulatory and operational readiness. As an extension of Kora's core infrastructure, One Rail is designed for teams without technical blockchain expertise. Developers can seamlessly access stablecoin support through the same Kora APIs and developer tools they already use. The integration allows merchants to access dedicated wallet generation to receive stablecoin payments seamlessly, complete with real-time tracking and automated payment reconciliation through the primary Kora Dashboard. Additionally, businesses can manage their liquidity by holding digital dollar balances or converting them into supported local fiat currencies, which can then be settled directly into local bank accounts via Kora's established payout rails. "Cross-border commerce in Africa is hindered by high friction and remittance costs averaging 8-8.8% compared to the 6.49% global average. At the same time, stablecoin ownership in Africa is now at 78%," said Dickson Nsofor, CEO and Founder of Kora. "At Kora, we provide the financial infrastructure connecting Africa to the world's digital economy. One Rail levels the playing field, enabling merchants to integrate stablecoin payments into their existing payment stack, delivering the speed, cost efficiency, and access needed to drive business growth across the continent." One Rail's initial rollout focuses on core merchant collection, payouts, and treasury capabilities, including wallet generation, payment confirmation, and manual settlement workflows. For more information, visit https://www.korahq.com/. About Kora Kora (formerly Korapay) is a global fiat and stablecoin payment infrastructure company connecting Africa to the world's digital economy. Founded in 2018 and headquartered in Dubai, UAE, Kora gives businesses a single API and one unified rail to collect payments, disburse funds, and convert currencies across borders, without the friction of managing multiple local systems. By integrating local bank rails, mobile money wallets, card networks, and stablecoin rails into one platform, Kora eliminates the fragmentation of the African financial landscape, powering high-growth companies across markets like Nigeria, Kenya, Ghana, South Africa, Egypt, GiMAC and beyond. For more information, visit www.korahq.com

The Asset Recovery Agency of Kenya has withdrawn its case against Korapay, the payment solutions company it levied money laundering and card fraud accusations against in July. Documents seen by Technext show that the agency withdrew its application last week. This comes after the National Police in Kenya finalised its months-long investigation into the matter. Mike Muia, the director, of criminal investigations in the Kenyan police, said in a notice that its “investigations are now finalised.”