Ripple Partners with Chipper Cash to Enhance Cross-Border Payments Across Africa

Ripple has joined forces with Chipper Cash to improve cross-border payments in Africa, offering a faster and more affordable solution for international transfers.

Ripple has partnered with Chipper Cash to improve cross-border payments in Africa and provide a faster and more affordable solution for international transfers.

The partnership, announced on March 27, will see Ripple’s blockchain-based payment technology integrated into Chipper Cash’s platform, which serves over seven million users across nine African countries.

This integration will grant Chipper Cash customers access to Ripple Payments, facilitating seamless international transactions using digital assets. The move aims to simplify and reduce the cost of receiving funds from other countries, addressing the difficulties posed by traditional banking systems.

“We are seeing an increasing interest in blockchain technology across the Middle East and Africa, as consumers and businesses begin to realize its potential, especially in areas with limited access to traditional financial services,” said Reece Merrick, Managing Director, Middle East & Africa at Ripple.

“By integrating our technology into Chipper Cash’s platform, we’re enabling faster, more affordable cross-border payments while driving economic growth.”

Boosting financial inclusion in Africa

Ham Serunjogi, Co-Founder and CEO of Chipper Cash, added that he was optimistic about the partnership, which would help to expand financial access and support economic inclusion.

“We believe that crypto-enabled payments could help businesses and individuals gain greater access to global markets and accelerate financial inclusion across the continent,” he said.

This partnership is part of Ripple’s broader strategy to expand its presence in Africa. Earlier in 2023, Ripple partnered with Onafriq to offer similar services, marking the beginning of its regional expansion and furthering its goal of driving innovation in cross-border payments.