Digital financial service network FamaCash has inked a deal that will see the Stably Corporation provide development support for Fama’s portfolio of financial service platforms.
Stably is a borderless banking platform powered by blockchain, stable coins and open finance APIs as well as the creator of USDS, one of the first US dollar-backed stable coins featured on major crypto exchanges.
The partnership will see the two companies collaborate to develop the FamaCash mobile payments platform, a borderless payments system for the global markets.
“We are excited to partner with Stably to develop and grow our financial platforms,” said Saiful Khandaker, CEO of FamaCash. “It’s clear that sending a remittance from one country to another is still too expensive and time-consuming, especially for migrant workers and ‘unbanked’ individuals. This is why we created FamaCash, a software platform that is helping the financial industry keep pace with the need for faster, easier to use and more affordable borderless payment systems.”
Kory Hoang, CEO of Stably, added, “Our partnership will allow FamaCash users to enjoy a borderless neobanking experience powered by both stable coins and traditional fiat methods like SWIFT wires. Our mission is to make financial transactions faster, cheaper, more accessible for anyone in the world and we look forward to working with FamaCash to achieve these goals together.”
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