Grey Launches Direct Yuan Payouts as OPay Fights Fintech Misinformation

Y Combinator-backed cross-border fintech Grey has launched Chinese yuan payouts, enabling African businesses to pay directly into Chinese bank accounts from USD, EUR, GBP, and stablecoin balances. The move targets the 31.22% of Nigerian imports sourced from China, letting importers of electronics, machinery, and vehicles settle supplier accounts without routing through multiple intermediaries. "We have seen customers delay purchases, put trades on hold because of the...