MANSA and Esca Finance Link Rails for Same-day African Settlement

MANSA and Esca Finance have linked their payment rails to offer same-day settlement across African corridors, the companies said Thursday.

Esca Finance provides the local execution layer: foreign exchange access, named bank accounts, local payout rails and currency risk management. MANSA contributes a USDT-settled, just-in-time liquidity mechanism that removes the requirement for payment companies to prefund destination accounts before transactions clear. The combination targets two structural frictions in African cross-border payments: corridor prefunding and settlement lag.

MANSA said it has processed hundreds of millions of dollars in transaction volume across Nigeria and Ghana over the eighteen months prior to the announcement. It did not break the figure down by corridor or value band. Esca Finance said it is using the combined infrastructure to process high-volume transactions for tier-one remittance operators, including publicly listed companies, though it did not name any.

Shalom Osiadi, chief executive of Esca Finance, said:

“MANSA’s settlement-first USDT rails have strengthened our ability to deliver same-day settlements across key African corridors, helping Esca scale more efficiently with tier-one remittance players.”

Mouloukou Sanoh, chief executive and co-founder of MANSA, said the partnership reflected the value of connecting specialist infrastructure layers.

African payment corridors have attracted sustained infrastructure investment over the past several years, driven partly by remittance volumes and partly by the capital efficiency demands of cross-border commerce. Several providers now compete in the same space, including both stablecoin-native settlement firms and conventional correspondent banking networks. The structural advantage of the stablecoin model is the removal of nostro prefunding requirements. The structural risk is regulatory treatment of stablecoin-settled transactions in jurisdictions where USDT’s status as a settlement instrument remains unclear.

Nigeria is a relevant test case. The Central Bank of Nigeria has taken an evolving and at times restrictive position on stablecoin use since 2021. The partnership’s reliance on USDT-settled rails in the Nigerian corridor is commercially sensible given MANSA’s stated volume there. It introduces regulatory exposure that neither firm addressed in the announcement.

Both companies are expanding beyond the initial corridors. Esca is building out rails under the COMESA framework to cover East and Southern African markets. MANSA has recently added direct settlement capability into China and Hong Kong, positioning itself as a link between African payment corridors and Asian settlement systems without relying on SWIFT.

The companies did not provide a timeline for those expansions or name the tier-one clients referenced in the release.