Grey Adds USD Payments to Global Business Banking

Grey has expanded its business banking services to include USD business accounts, bulk payments, and support for the USDC stablecoin, all within a single platform. The company aims to simplify international transactions and reduce costs for businesses.

Addressing Cross-Border Payment Challenges

Cross-border payments present ongoing difficulties for businesses, particularly in emerging markets. The World Bank reports that international money transfers typically incur fees averaging 6–7% of the amount sent, with settlement times often extending over several days. Businesses also frequently encounter limited access to foreign currency accounts, fluctuating intermediary fees, and a lack of transparency regarding exchange rates, which can hinder cash flow and growth.

Grey’s Expanded Services

Grey’s new offering directly addresses these challenges by providing transparent pricing, faster settlement times, and access to USD business accounts with USDC support. Businesses can now open a USD corporate account, manage payments from international clients, and make payouts to over 170 countries, including bulk payments, within minutes. The platform allows for efficient management and greater control over the global payments process.

Executive Statements

Idorenyin Obong, Co-founder and Chief Executive Officer of Grey, stated that the company is working to bridge the gap in reliable global banking access, particularly for companies in high-growth markets. Joseph Femi Aghedo, Chief Operating Officer and Co-founder, added that Grey eliminates friction points that can stall growth, providing a faster and simpler way to manage payroll, supplier payments, and partner payouts across borders.

Global Presence and Services

Founded in Africa in 2020, Grey has expanded its operations to include key markets such as the United States, the United Kingdom, Europe, Latin America, and Southeast Asia. The company’s services cater to digital nomads and businesses worldwide, offering multi-currency accounts, low-cost international money transfers, a virtual USD card, expense management tools, and robust security measures.

About Grey

Grey provides secure and convenient global banking solutions. The company holds Money Service Business licenses from FINTRAC in Canada and FinCEN in the USA, with a primary focus on emerging markets. Grey enables individuals and businesses to easily own and manage multi-currency accounts, facilitating currency exchange, international payments to and from over 170 countries, and access to virtual cards.