Movement Secures Licensed Payment Rails Access in the US, Canada and EU

SAN FRANCISCO — Movement, the stablecoin settlement and yield layer for emerging markets, has secured access to licensed payment rails across the United States, Canada and European Union. The company is committing its full focus to cross-border payments, remittances, and dollar savings products for the markets that the traditional financial system has overlooked.

Remittance flows to low and middle-income countries reached an estimated $685 billion in 2024, according to the World Bank. Yet cross-border payments remain sluggish, labored, and dependent on legacy banking infrastructure. Senders still pay an average of 6.36 per cent per transaction globally, while settlement delays and limited banking access continue to impact consumers and businesses across key remittance corridors.

“Billions of individuals globally are financially disenfranchised and underserved,” said Torab Torabi, CEO of Movement. “In many markets, moving money across borders is still too slow, too expensive, and too inaccessible. Our mission is to marry licensed payment rails with onchain settlement to modernize financial services globally, particularly in emerging markets.”