PouchFi is a stablecoin payments platform that lets users hold, spend, and move USDT with virtual and physical Visa/Mastercard cards. Users can fund wallets in local NGN currency, pay bills like electricity and airtime, and tap to pay via Apple Pay or Google Wallet. The platform also supports cross-border stablecoin transfers between PouchFi users via unique Pouch Tags.
Funding
Funding not disclosed
Founders
Product
Problem
Stablecoin holders often face friction when trying to spend their digital assets in everyday life, as most merchants and billers do not accept crypto directly. Converting stablecoins to fiat for regular payments like electricity, airtime, or shopping typically involves multiple exchanges, high fees, and delays.
Solution
PouchFi provides a unified app where users can hold USDT and spend it anywhere Visa and Mastercard are accepted through virtual and physical cards. The platform enables local currency funding and payouts, allowing users to fund their wallet with NGN and pay bills like electricity, airtime, data, and cable TV directly with stablecoins. Cards can be added to Apple Wallet or Google Wallet for tap-to-pay at POS terminals. PouchFi also supports peer-to-peer transfers between users via unique Pouch Tag handles, enabling borderless stablecoin payments in seconds.
Target Audience
Primary customers are stablecoin users in emerging markets who need practical ways to spend digital assets for daily purchases, bill payments, and cross-border transfers without converting to fiat.
Features
- Virtual and physical Visa/Mastercard cards for spending stablecoins at global merchants, subscriptions, and services
- Local currency on-ramp and off-ramp with NGN funding and payout in local currency
- Bill payment functionality covering electricity, airtime, data, and cable TV directly from stablecoin balances
- Apple Wallet and Google Wallet integration for contactless tap-to-pay at any POS terminal
- Pouch Tag system enabling instant send and receive of stablecoins to any PouchFi user across borders with zero fees