Hesab Selects Movement as Exclusive Stablecoin Settlement Layer for Its Global Self-Custody Bank

The collaboration represents a landmark deployment of Movement’s stablecoin settlement infrastructure, giving Hesab’s users across 160+ countries true ownership of their money for the first time

Hesab, the global digital payments platform, today announced the company has selected Movement as the exclusive stablecoin settlement layer for its new Global Self-Custody Bank, a full-stack financial platform that gives users across emerging markets true ownership of their money. Roughly 1.4 billion adults are unbanked, and hundreds of millions more rely on accounts they don’t fully control, exposed to inflation, currency controls, and frozen deposits. Hesab has spent a decade serving exactly those users, currently processing $160 million across over a million transactions per month. Its next phase targets the global south, including Africa and the Middle East.

Movement is the stablecoin settlement and yield layer built for these markets, with access to licensed payment rail across the United States, Canada, and the European Union. That regulated footprint is what separates it from networks that can move stablecoins but cannot touch compliant fiat on and off ramps. Hesab is the first major platform to build on that infrastructure, and the choice reflects what fintechs and neobanks serving the Global South need: fast, compliant cross-border settlement without holding billions in pre-funded float.

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“Money should move at the speed of trust. Instantly, without permission, across any border,” said Sanzar Kakar, Chairman of Hesab. “We chose Movement as our exclusive stablecoin settlement layer because it gives us the speed, composability, and emerging-market focus to offer something the world has never had – a bank account that truly belongs to its user.”

Hesab’s Global Self-Custody Bank is built on a purpose-designed infrastructure stack with leading fintech and enterprise businesses as partners. DFNS provides programmable wallet infrastructure, enabling Hesab to issue millions of non-custodial wallets at scale so users hold their own keys without managing seed phrases. Movement powers real-time stablecoin settlement across corridors, replacing the pre-funded float and correspondent banking bottlenecks that make traditional remittances slow and expensive. Circle’s CCTP moves native USDC seamlessly across blockchains, while Tether supplies USDT liquidity across corridors where it is the preferred dollar-denominated store of value.

“The unbanked aren’t waiting for traditional banks to reach them,” said Torab Torabi, CEO of Movement. “They’re already using mobile money and informal transfer systems. Hesab plugs directly into that demand with something better: their own bank, with no primitive middleman and global access.”

Hesab serves active users across more than 160 countries and accepts funding from over 20 channels, including bank transfers, debit and credit cards, ApplePay and GooglePay. Founded in 2018 by Kakar, a University of Pennsylvania and Warwick Business School graduate who previously worked at Merrill Lynch, Hesab has built its reputation on delivering reliable financial access where legacy infrastructure has failed.

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