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Sui Adopted as Settlement Infrastructure for African Payments Platform Daya

Sui Adopted as Settlement Infrastructure for African Payments Platform Daya

Layer-1 blockchain Sui has been adopted as the settlement infrastructure for Daya, an African cross-border payments platform.

Through the integration, businesses using Daya can transfer stablecoins on the Sui network without separate gas fees and reallocate funds for cross-border payments in real time. The functionality applies across Daya Business, Daya Pro and Daya API.

Daya currently operates in Nigeria and plans to expand its operations to South Africa, Ghana and Kenya. The company said it will expand its Sui-based settlement infrastructure alongside the addition of local-currency payment networks.

Sui provides gas-free payment functionality that allows users to transfer supported stablecoins without needing to hold separate SUI tokens to pay network fees.

Sources

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