Interview: Encryptus CEO Shantnoo Saxsena on scaling stablecoin settlement in Africa and Southeast Asia
Encryptus CEO Shantnoo Saxsena discusses the company's strategy for using stablecoins to reduce remittance costs and improve speed in Africa and Southeast Asia.Summary
Shantnoo Saxsena, CEO and co-founder of Encryptus, explains that the company focuses on high-cost remittance corridors in Africa and Southeast Asia to reduce friction caused by legacy correspondent banking. Saxsena emphasizes that Encryptus provides settlement infrastructure rather than a consumer-facing brand, positioning itself as a digital rail that enables financial institutions to offer faster, cheaper cross-border payments. The company plans to leverage Dilip's experience with G7/G20 working groups to navigate regulatory environments and align its infrastructure with international payment frameworks. Saxsena highlights that Encryptus charges a flat 1.5% settlement fee compared to the global average of 6% for traditional channels, and that stablecoin-based settlement removes the multi-day delays associated with correspondent banking chains. The company aims to work with development finance organizations to support financial inclusion goals while maintaining a commercial focus.
(Source：Electronic Payments International)