Zynta

Zynta is a compliant stablecoin payment network for cross-border remittances and collections between Africa and the European Union, serving migrant workers, cross-border merchants and local African businesses by bridging fiat and regulated stablecoin rails. It targets the high cost, slow arrival and scattered compliance thresholds of correspondent banking in African corridors: the platform operates with VASP licensing across jurisdictions, applies KYC, KYB and AML screening on both individual and merchant sides, and maps on-chain stablecoin flows to local bank accounts through vIBAN virtual accounts. Its multi-chain settlement rails route funds across several public chains, and the Last Mile API lets enterprises embed stablecoin pay-in and payout directly into their own systems at a per-corridor fee near 0.5%.

In stablecoin payments it occupies the corridor-level application layer, complementing rail providers such as BVNK on acquisition and infrastructure; funds are paid out in local currency at destination through local payment networks while the user experience keeps a fiat front door. In practice, African merchants receive stablecoins via vIBAN and convert to local currency instantly, and individuals send remittances from mobile clients. Compliance is configured jurisdiction by jurisdiction, so in regions without local licensing connected, corridor availability remains decided by each regulator's progress.