PPRO Partners With Damisa for Stablecoin Settlements
The firms are expanding a global cross-border payment network that uses regulated stablecoins to replace traditional banking chains.
Updated on Oct. 15, 2026 in Financial Services
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PPRO and Damisa have announced a global partnership to utilize stablecoins for cross-border money movement. The collaboration aims to replace slow, multi-bank correspondent chains with a faster, single-rail settlement system.
Why it matters
By transitioning to stablecoin-powered rails, the partnership significantly reduces prefunded capital requirements while enabling same-day transfers across international borders. The system incorporates automated sanctions, AML, and transaction screening for every payment.
Damisa reported settling more than $70 million in H1 2026 using its network, which currently supports transactions across 90 countries and 70 different currencies.
The players
PPRO
PPRO is a global payments infrastructure company that provides payment processing and settlement services to businesses.
Damisa
Damisa is a financial technology firm specializing in stablecoin-based settlement networks and cross-border money movement.
The details
The platform converts funds into regulated stablecoins to facilitate same-day cross-border transfers. Damisa operates with multiple international regulatory credentials, including an Australian Financial Services License, Canadian FINTRAC registration, and VASP status in Poland.
Timeline
October 15, 2026: The partnership between PPRO and Damisa was formally announced.
H1 2026: Damisa successfully settled more than $70 million in transactions.
Market Landscape
The partnership leverages compliance frameworks like the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) regulations to integrate digital assets into mainstream finance. This move challenges traditional correspondent banking by prioritizing speed and regulatory transparency over legacy multi-bank chains.
Businesses utilizing this settlement network may benefit from reduced costs associated with prefunded capital and faster access to funds. Customers can expect improved predictability in international transaction timing as the system rolls out across global markets.
The takeaway
Stablecoin integration is increasingly being adopted as a direct alternative to the inefficiencies of legacy correspondent bank networks. Organizations that prioritize automated AML screening and regulatory licensing remain the primary drivers of this shift in global liquidity management.
Further reading
For more on the evolving payment technology sector, visit the Financial Services section.
Source note: This article includes information reported by Financial IT.
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Do you trust regulated stablecoins to handle secure cross-border money transfers for global businesses?
