Financial infrastructure provider Fuze has entered into a strategic partnership with Jazari, a “Remit Now, Pay Later” platform, in a move aimed at reshaping cross-border money transfers across the Middle East and North Africa.
The collaboration targets the region’s estimated $200 billion remittance market and seeks to deliver faster, more affordable payments to more than 30 million people, many of whom are underserved migrant workers.
The partnership will leverage compliant blockchain-based infrastructure to reduce the cost and complexity of international remittances. By cutting out multiple intermediaries, the companies aim to enable near real-time settlement while significantly lowering transaction fees, an area where traditional remittance systems have long faced criticism.
According to World Bank data, global remittance fees average around 6.2%, while blockchain-enabled rails can reduce costs to below 1%. Settlement times also stand to improve substantially, with conventional systems often taking several days compared to near-instant transfers enabled by blockchain technology.
Fuze CEO Mo Ali Yusuf said the timing of the partnership aligns with growing remittance demand in the region. He noted that global remittance flows are expected to exceed $1 trillion by 2026, with as much as 20% of that volume moving through MENA corridors. “Our partnership with Jazari is focused on enabling more cost-effective remittances for people at the edge of the financial system by using compliant digital-asset infrastructure,” he said.
Jazari CEO Hasnain A. Sheikh highlighted the impact the collaboration could have on migrant communities that rely heavily on cross-border payments. “By combining Jazari’s Remit Now, Pay Later model with Fuze’s regulated infrastructure, we’re creating a faster and safer way for money to move across borders,” he said. As Jazari prepares for its launch in the UAE, Sheikh added that the company’s goal is to build financial tools designed around the real needs of workers supporting families both within the region and abroad.
The long-term partnership will roll out in phases, focusing on modernising payment rails, improving cross-border value transfer, and introducing new digital asset–enabled financial services.
The initiative is expected to complement broader government and central bank efforts across the region to upgrade financial infrastructure and expand access to formal financial systems.
