Founded in South Africa in 2016, Xago Technologies is a fintech company specializing in fast, secure digital payments powered by the XRP Ledger. The platform focuses on enabling efficient cross-border transactions using stablecoins, positioning itself as a key player in global blockchain-based payments.
On 14 April 2025, Xago announced a significant milestone in its international growth strategy: the launch of Xago Australia Pty Ltd. The entity is now officially registered with AUSTRAC as a Digital Currency Exchange (DCE), allowing the company to operate within Australia’s regulated financial framework. This registration strengthens Xago’s presence in the Asia-Pacific region and enhances trust among institutional and retail users.
As part of its expansion, Xago has introduced support for Nigerian Naira (NGN), enabling seamless on- and off-ramp services. This move targets Nigeria, one of Africa’s largest and most active digital payments markets, where demand for efficient cross-border transactions continues to grow.
In addition, Xago has expanded its European capabilities through a partnership with OpenPayd. This collaboration improves Euro (EUR) transaction services, including enhanced SEPA and SWIFT integrations, making it easier for users to move funds between traditional banking systems and digital assets.
With support for six major currencies — USD, GBP, ZAR, NGN, EUR, and AUD — Xago continues to scale its global payment infrastructure. The company aims to provide businesses and individuals with faster, more affordable, and compliant alternatives to traditional financial systems.
According to CEO Jurgen Kuhnel, these developments are central to Xago’s mission of empowering users, particularly in emerging markets, by improving access to efficient and transparent financial services.
By combining regulatory compliance, strategic partnerships, and blockchain technology, Xago is positioning itself as a strong contender in the evolving global payments landscape.