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PPRO expands stablecoin settlement partnership with Damisa

10 hours ago
By AI, Created 13:13 UTC, Oct 15, 2026, AGP -

PPRO has expanded its partnership with Damisa to use stablecoin rails for treasury and cross-border settlement as the payments company grows beyond an initial rollout in Latin America. The deal aims to cut prefunding needs, speed up settlement and give PPRO more visibility across international money movement.

Why it matters: - The partnership gives PPRO a regulated path to move money across borders the same day using stablecoins. - The model is designed to replace multi-bank correspondent chains and reduce the amount of capital PPRO must prefund in each market. - For payment providers, faster and more predictable settlement can improve treasury efficiency and operational control.

What happened: - Damisa announced that PPRO has partnered with Damisa for stablecoin-powered treasury and cross-border settlement. - The rollout started in Latin America and is now expanding as PPRO grows globally. - PPRO uses Damisa’s onramp and off-ramp network to move funds, convert them into regulated stablecoins and settle across borders.

The details: - Damisa says the setup gives PPRO full visibility into every payment. - The partnership supports collection, cross-border movement and local-currency settlement in additional markets. - Latin America was the first region because it combines strong local payments growth with difficult outbound money movement. - Damisa says stablecoin rails offer a faster and more predictable way to move funds across Latin American markets. - Damisa settled more than $70 million in the first half of 2026 across more than 90 countries and 70 currencies. - Damisa operates as a regulated, multi-jurisdiction platform with an Australian Financial Services License, AUSTRAC digital currency exchange and remittance registration, Money Services Business registration with FINTRAC in Canada, and VASP registration in Poland. - Damisa also has Malta CASP and Payment Institution authorization in progress. - Every payment goes through sanctions, AML and transaction screening. - Damisa is headquartered in London. - PPRO is a local payments platform for PSPs and merchants. - PPRO works with brands including Citi, PayPal and Stripe. - PPRO’s platform lets businesses activate, accept and manage local payments through a single connection.

Between the lines: - The deal reflects a broader shift in cross-border payments as correspondent banking pulls back from some high-growth corridors. - The announcement also points to a maturing regulatory backdrop for stablecoins, with frameworks such as MiCA in the European Union and the GENIUS Act in the United States. - That combination is making regulated stablecoin rails more attractive for institutional payment flows, not just crypto-native use cases.

What's next: - Damisa will continue supporting PPRO as the partnership extends into more markets. - The companies are likely to build on the Latin America rollout if the new markets produce similar settlement speed and treasury benefits. - Damisa’s pending authorizations in Europe could widen its operating footprint further.

The bottom line: - PPRO is betting that regulated stablecoin settlement can make cross-border treasury faster, cheaper and easier to control as its global payments network expands. - More information is available at damisa.co and PPRO’s website.

Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.

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