Stabilecoin wallet MiniPay and global payment infrastructure Noah have partnered to launch a non-custodial stablecoin payment initiative that aims to connect global banking rails with local payment methods.

The initiative aims to expand the accessibility of stablecoins by providing a simpler way to receive, convert and spend stablecoins using both global and local circuits within a single non-custodial app.

Through the partnership, MiniPay’s users will be able to create virtual accounts in USD and EUR, enabling them to receive payments from clients or friends via automated clearing house (ACH) and single euro payments area (SEPA).

Incoming funds will be automatically converted to USDT, USDC or USD in their MiniPay wallet and will only be available as stablecoins, ready to be withdrawn in a local currency or to be spent instantly at global merchants.

With traditional platforms often requiring foreign bank accounts and fees, the initiative seeks to offer an alternative to receiving USD or EUR through traditional banking circuits, with MinPay offering these funds through stablecoins without having to use intermediaries such as custodians, exchanges or third-party applications, the firms said.

The two firms particularly emphasisedsaid the initiative will focus on the growing base of MiniPay’s users including freelancers and migrant workers in Africa and Latin America, where local payments such as Pix and M-Pesa continue to dominate, and credit cards are often not accepted by local merchants.

Murray Spark, head of ecosystem and commercial at MiniPay said: “By combining global rails like ACH with local payment methods like M-Pesa, all within MiniPay’s simple, non-custodial wallet, we’re unlocking stablecoin utility for everyday users.”

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