KAST, the global financial platform built on stablecoin rails available in over 150 countries, has launched an all-in-one payment solution, KAST Pay, and added Global Payouts capabilities to bridge crypto and traditional finance.
Users can now instantly convert, transfer, and mobilise funds across crypto and fiat rails, so they can earn globally and spend locally in one place.
With KAST Pay, users can receive USD and send money to bank accounts globally, with plans to expand to additional currencies and countries. Additionally, users can transfer funds instantly to other KAST users with zero-fee transfers via phone number, email, and KAST Tags, a unique handle that makes transfer within the KAST ecosystem fast, secure, and free.
Global Payouts in the KAST app will make it simple for freelancers, traders, and founders to access digital earnings in stablecoins without relying on exchanges or complex off-ramps. This feature connects KAST accounts directly to a global payment network, allowing users to send their stablecoins to their bank account in their chosen local currency. Stablecoins are securely converted through a licensed partner's FX network, and funds are sent directly to the recipient's bank account. Every payout shows FX rates, fees, and timelines upfront so users know exactly how much they will receive and when it will arrive.
These latest product updates are the latest step in KAST’s mission to build a global neobank on stablecoin rails that serves people and real-life needs. A freelancer can receive a U.S. client payment in USDC directly to their KAST account or in USD into a KAST virtual account, then cash out to local currency to cover urgent expenses. Friends can split a bill in seconds by sending their share via KAST Tag with zero-fee transfers.
Raagulan Pathy, Founder & CEO at KAST, said: “Traditional banking wasn't built for how people live and work today. Modern-day founders, freelancers, and creators will earn globally in stablecoins but also need to pay bills in local currency. Existing financial services don’t serve these needs and most have to juggle exchanges and bank transfers just to access their own money.
“KAST Pay and Global Payouts are two examples of how we are building a full cross-border financial platform. We’re giving the users what they need, one app for everything: crypto to cash, global transfers and local payments, with fees and settlement time shown upfront. Their money works when they need it, not only when banks decide to open. Our users can move digital earnings from wallet-to-bank in a few clicks, control when they cash out, and keep more with zero-fee transfers between KAST users. People can now spend what they’ve rightfully earned.”
More countries and currencies are expected to roll out KAST Pay and Global Payouts as KAST expands access to users who want their money to move with them.
To mark the launch at KAST, the fees for payouts over 5,000 USD are all waived for a limited period to offer customers the chance to try the international transfer feature.