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FamaCash Declares Partnership with Stably

Banking CIO Outlook | Wednesday, August 26, 2020

FamaCash, the digital payment services division of FAMA Financial Holdings, is expanding FAMA's portfolio of services to provide faster, affordable, and more efficient mobile payment platforms and applications to merchants, banks, and individual customers

FREMONT, CA: FamaCash, one of the fastest-growing digital financial service (DFS) networks in the world, declared that it has partnered with the blockchain technology experts at Stably Corporation to provide development support for Fama's growing portfolio of financial service platforms.

FamaCash, the digital payment services division of FAMA Financial Holdings, is expanding FAMA's portfolio of services to provide faster, affordable, and more efficient mobile payment platforms and applications to merchants, banks, and individual customers.

Stably is a leader in Borderless Neobanking platforms empowered by blockchain, stable coins, and open finance APIs. It is also the creator of USDS, one of the first USD-backed stable coins featured on significant crypto exchanges, and Stably Prime, a customizable borderless financial account platform.

Through this strategic partnership, FamaCash and Stably would work together to develop the FamaCash mobile payments platform, a borderless payments system for the global markets. The new FamaCash platform would enable financial institutions to transform their legacy banking systems in order to provide state-of-the-art borderless mobile financial services.

"We are excited to partner with Stably to develop and grow our financial platforms," stated Dr. Saiful Khandaker, CEO of FamaCash. "It's clear that sending a remittance from one country to another is still too expensive and time-consuming, especially for migrant workers and 'unbanked' individuals. This is why we created FamaCash, a software platform that is helping the financial industry keep pace with the need for faster, easier to use and more affordable borderless payment systems."

"Our partnership will allow FamaCash users to enjoy a borderless neobanking experience powered by both stable coins and traditional fiat methods like SWIFT wires. Our mission is to make financial transactions faster, cheaper, more accessible for anyone in the world and we look forward to working with FamaCash to achieve these goals together," added Kory Hoang, CEO of Stably.

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