Fintech company Grey has expanded its business banking solutions with USD corporate accounts. The platform now supports bulk payments and USDC stablecoin for cross-border transactions. This move aims to reduce foreign exchange costs and settlement delays for international businesses.
Businesses can now receive payments from global clients within minutes using Grey’s unified platform. The solution enables high-volume cross-border transactions and payouts to over 170 countries seamlessly. Grey operates under a Money Service Business license from FINTRAC in Canada and FinCEN in the USA.
International payments often remain slow and costly, with fees ranging between six and seven percent. Settlement delays occur due to intermediary banks and foreign exchange conversion processes. Limited access to foreign currency accounts and poor exchange-rate transparency also constrain business cash flow.
Grey’s USD banking features address these challenges by offering faster settlement and transparent pricing. Businesses gain direct access to dollar-denominated accounts and stablecoin rails for simplified operations. Co-founder and CEO Idorenyin Obong stated the initiative bridges gaps in global banking access.
Co-founder and COO Joseph Aghedo emphasised that Grey eliminates friction in payroll, supplier, and partner payments. Adding USD and stablecoin capabilities extends these benefits to more customers worldwide. Since 2020, Grey has served key markets, including the USA, UK, Europe, Latin America, and Southeast Asia.
The company’s product suite also includes multi-currency accounts, virtual USD cards, and expense management tools. Grey targets digital-first businesses and remote professionals seeking low-cost, efficient international payment solutions.
This expansion positions Grey as a leading fintech solution for businesses requiring fast, cost-effective, and transparent cross-border transactions.
