Ghanaian startup Hurupay is helping businesses and individuals across Africa overcome the negative impacts of fluctuating local currencies by allowing them to make and receive stablecoin-based payments. Businesses can accept stablecoin payments from customers simply by scanning QR codes, and pay suppliers with zero fees. Individuals can save money in dollars and stablecoins, send and receive money across borders with very low fees, and pay at shops. The idea for the platform came to co-founder and CEO Philip Mburu, a Kenyan, when he relocated to Ghana in September 2021. The startup monetises via a two per cent fee charged on off-ramping, as well as a 0.5 per cent fee on payments to SMEs.
