Huma Finance, SBI Holdings, Solana, And Stellar Launch PayFi Alliance To Advance Digital Finance Innovation

In Brief

Huma Finance, Solana, Stellar, and SBI Holdings have launched the PayFi Alliance to advance interoperable payment finance infrastructure, bridging traditional and digital finance for global users.

Payment and blockchain companies Huma Finance, Solana, Stellar, and SBI Holdings have established the PayFi Alliance, an initiative designed to promote the adoption of Payment Finance (PayFi) infrastructure that connects traditional and digital financial systems, creating opportunities for users worldwide.

PayFi is a developing ecosystem that leverages stablecoins and blockchain technology to enable faster, more cost-effective, and widely accessible global payments.

The Alliance was introduced at the PayFi Summit in Singapore, bringing together expertise in payments, stablecoin infrastructure, and high-performance blockchain networks to support the development of open, decentralized, and compliant digital finance systems. Its goal is to reduce fragmentation and improve interoperability, facilitating broader adoption of these emerging payment frameworks.

PayFi Alliance To Establish Interoperable Payment Networks And Blockchain Infrastructure

“Over the past year, stablecoins and blockchain-enabled payments have surged into the spotlight, with governments, regulators, financial institutions, and fintechs all racing to adapt,” said Erbil Karaman, Co-Founder of Huma Finance, in a written statement. “The PayFi Alliance brings together the best of this industry, cutting-edge research and institutional-grade infrastructure, to accelerate the future of digital finance,” he added.

Through the PayFi Alliance, institutions and developers are provided with access to a range of interoperable payment networks. Huma Finance supports faster settlements using stablecoin liquidity solutions, while Solana and Stellar offer high-performance blockchain networks optimized for payment processing. Lulu and SBI Holdings contribute extensive experience in the financial sector and global market reach. Combined, these resources establish a robust foundation for the development and expansion of the PayFi ecosystem worldwide.

“Joining the PayFi Alliance is an exciting opportunity to help shape the next chapter of digital payments,” said Raja Chakravorti, Chief Business Officer at Stellar Development Foundation, in a written statement. “The Stellar network was built for speed, low cost, and accessibility, and we’re eager to contribute that expertise to advancing PayFi adoption globally. By working together through the Alliance, we can bridge real-world finance and DeFi, creating solutions that drive meaningful impact for people and businesses everywhere,” he added.

The Alliance also plans to produce industry research, develop proposed standards, and offer educational initiatives, promoting the global growth of PayFi and supporting the evolution of open, interoperable, and compliant digital finance.