t-0 Network is live.
Backed by Tether, we are launching today with 30 financial institutions, covering 1,200+ cross-currency payment corridors through a single API.
A decade ago, banks in Africa used to have far more foreign correspondents willing to clear payments.
Now, because major global banks have been pulling out of Africa, the traditional banking web has become a tangled, costly mess for local businesses.
t-0 connects licensed
Naira, shillings, cedis, kwacha and rand all trade in markets that are shallower and more fragmented than the dollar or the euro.
To guarantee they can clear transactions in these currencies at all, banks hold capital in pre-funded correspondent accounts, tied up and earning
Six markets across Africa, each with full collection and pay-out.
Every payout and collection lands through the rails people already use:
- M-PESA in Kenya
- NIP in Nigeria
- Bank Transfer in South Africa
- Mobile Money in Ghana, Uganda and Zambia
Nothing new for the end