# HashKey, Aptos and Daya Plan Regulated Africa Payment Corridor

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/25018
Published: 2026-09-28T16:49:03.000Z
Updated: 2026-09-28T16:49:03.000Z
Section: Business

> The proposed B2B network would use Gulf fiat on-ramps, stablecoin settlement on Aptos and local-currency withdrawals across African markets.

HashKey MENA, Aptos Foundation and Daya plan to build a regulated business-to-business payment corridor between the Middle East and Africa, using stablecoins to settle transactions across local-currency markets.

The pilot would initially include Nigeria and other African markets. HashKey MENA would provide AED and U.S. dollar fiat on- and off-ramps and stablecoin conversions, Daya would supply African payment infrastructure, and Aptos would handle blockchain settlement.

HashKey MENA signed a Corridor Pilot Agreement with Aptos Foundation on June 4, 2026. The proposed transaction flow would begin with a local-fiat on-ramp in the Gulf, followed by stablecoin settlement on Aptos and a local-currency off-ramp in Africa.

Businesses would continue sending and receiving local fiat while stablecoins move between regulated or locally connected payment nodes. The structure is designed for business-to-business payments and regional trade settlement rather than requiring companies to hold or use stablecoins directly.

The rollout is planned in two phases. The initial phase would support multinational companies funding local payments through fiat conversion at one end and local-currency withdrawal at the other. The longer-term goal is to use stablecoins as the primary settlement asset for supported B2B corridors.

HashKey MENA FZE holds a virtual asset service provider license from Dubai’s Virtual Assets Regulatory Authority under reference VL/25/03/002. The license covers spot trading and over-the-counter broker-dealer services.

Daya’s planned role includes connecting African payment rails, routing transactions, supporting local-currency accounts and offering bank-transfer and API services. The corridor would extend HashKey’s Asia Connect network, which reaches Hong Kong, the Philippines, Vietnam and the United Arab Emirates.

“The demand in Africa has never been the constraint. The constraint has been having a licensed, liquid way in and out of local currency,” Daya Chief Operating Officer Paul Joe said.

The proposal comes as remittance costs to Sub-Saharan Africa remain high. The average cost of sending a $200 remittance to Sub-Saharan Africa was 7.9% in the fourth quarter of 2023. Sub-Saharan Africa received more than $205 billion in on-chain value between July 2024 and June 2025, up about 52% from the previous year.

A 2026 survey covering 4,658 people across 15 countries found that 79% of African respondents held stablecoins during the previous 12 months. The survey did not identify how many respondents were from Africa.

The initiative remains a pilot; the partners have not said that live payments are already being processed at scale or that every African-side participant is licensed in each jurisdiction.