MiniPay Expands Access to Stablecoin with Transak Partnership

MiniPay is making money transfer a fast and inexpensive operation with fees as low as $0.001 per transaction.

MiniPay, a stablecoin wallet built on the Celo blockchain, has teamed up with Transak to enable fiat-to-crypto payments for its users in more than 50 countries. The integration of Celo Dollar (cUSD), Tether (USDT), and USD Coin (USDC) will simplify access for end-users, allowing them to use local payment options and purchase and sell stablecoins for free for a limited time.

This partnership aims to highlight the efficiency, speed, and cost-effectiveness of stablecoins for global remittances and everyday transactions. MiniPay offers money transfer at a low cost, starting at $0.001 per transaction, depending on the efficiency of the Celo blockchain. Users only need a wallet and a phone number to access stablecoins from anywhere in the world. In some markets, users can buy stablecoins for as little as five dollars and pay bills without incurring any extra cost.

Carlo de Luca Gabrielli, Transak's Global Director of Sales, highlighted the impact of the collaboration. “We believe that financial tools ought to be available to everyone everywhere,” he explained. “Partnering with MiniPay will not only make digital finance accessible but will also open a door for the communities that truly need it.”

Launched in September 2023, MiniPay saw rapid growth during its first month of release, activating over 5 million wallets. The 2 MB wallet is gaining popularity, especially in emerging markets, due to its affordability and ease of use.

“We are very excited to be working together with Transak,” said Jørgen Arnesen, EVP of Mobile at Opera. “Together, we will be able to offer MiniPay users a better range of payment options locally without any fees. Eliminating fees creates financial barriers – cross-border transactions become more affordable and accessible for everyone.”

Stablecoins have emerged as a crucial tool for international remittances, offering a faster and cheaper alternative to traditional payment methods. Through MiniPay and Transak's partnership, stablecoins are becoming more accessible to individuals, families, and businesses seeking cost-effective financial solutions for cross-border transactions.

This partnership showcases how integrating innovative solutions, such as Transak's platform, can break down financial barriers and accelerate the adoption of stablecoins worldwide.