- OSL will integrate stablecoin-to-USD fiat conversion and USD payout capability into Waka's settlement infrastructure.
- The partnership broadens OSL's stablecoin payment ecosystem across emerging markets, especially in Africa-Global trade corridors.
SINGAPORE and HONG KONG, Sept. 09, 2026 (GLOBE NEWSWIRE) -- OSL Group (HKEX:863) (OSL), a global stablecoin payment and trading platform, today announced a partnership with Waka, a payments platform connecting emerging-market liquidity with global settlement. Under the collaboration, OSL's institutional stablecoin infrastructure — providing stablecoin-to-USD fiat conversion and USD payout — is now integrated into Waka's settlement infrastructure serving Africa–global trade corridors.
The partnership broadens OSL's stablecoin payment ecosystem across emerging markets by bringing regulated USD liquidity to trade corridors long underserved by traditional banking rails. The two companies are already exploring additional use cases across African markets and cross-border settlement.
Africa's cross-border trade is growing fast, but the rails beneath it haven't kept pace. Businesses moving value between African markets and the rest of the world still contend with fragmented liquidity, slow correspondent banking and unpredictable settlement.
The OSL–Waka collaboration addresses these pain points directly: local market access, regulated stablecoin conversion and USD delivery — fiat on both ends, digital speed in the middle. It also reflects a broader shift in global payments, as regulated stablecoin infrastructure becomes the connective tissue between emerging-market liquidity and institutional settlement networks.
Far from a theoretical concept, the business case is already backed by clear market data. According to a recent EY-Parthenon survey, 41% of organizations that have used stablecoins report cost savings of greater than 10%, driven primarily by efficiencies in cross-border payments — and the leading use cases are exactly the flows this collaboration serves: paying suppliers and accepting business payments across borders.
Financial institutions surveyed also expect stablecoins to carry 5% to 10% of global payment value by 2030, representing US$2.1 trillion to US$4.2 trillion. With Boston Consulting Group projecting Africa to be the world's fastest-growing fintech market this decade, it is precisely this shift OSL and Waka are built to power.
April Long, Founder & CEO of Waka, said, "Waka is building stablecoin-powered settlement infrastructure that connects Africa's financial corridors with the rest of the world. Our partnership with OSL adds institutional-grade stablecoin and fiat conversion capabilities across major currencies, strengthening the liquidity, reach and resilience of our global settlement network."
Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, said, "Africa's trade routes with Asia are exactly where better payment infrastructure changes lives and businesses the fastest. This collaboration with Waka shows OSL's strength and capability in providing a seamless infrastructure service connecting fiat and stablecoins, deepening our presence in Africa and the wider market."
About OSL Group
OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, please contact: media@osl.com
About Waka
Waka is a stablecoin-enabled payments platform connecting emerging-market liquidity with global settlement. Waka works with banks, payment institutions, liquidity partners and regulated infrastructure providers to coordinate local-market access, FX execution and cross-border settlement across emerging-market trade corridors. Its platform uses stablecoin infrastructure to improve institutional settlement while remaining connected to local financial systems and real business demand.
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Disclaimer
This article is for informational purposes only and does not constitute, and shall not be construed as, an offer, solicitation, invitation, recommendation, or inducement to buy, sell, subscribe for, or otherwise deal in any digital assets, securities, or financial products. It does not constitute financial, investment, legal, tax, accounting, or other professional advice and should not be relied upon as such. The views, statements, and information contained herein do not necessarily reflect the official positions or commitments of OSL Group or any of its affiliates. Any descriptions of products, services, promotions, or programmes are for general reference only. Participation in any products, services, or promotions mentioned is subject to applicable terms, conditions, and regulatory requirements. This article may contain forward-looking statements or indicative information. Actual outcomes may differ materially, and OSL Group assumes no obligation to update such information.