Ripple Partners with Nigerian Fintech Startup Chipper Cash to Facilitate Cross-Border Payments into Africa

U.S.-based digital asset infrastructure provider Ripple has partnered with Nigerian fintech startup Chipper Cash to support cross-border payments into Africa using Ripple Payments.

U.S.-based digital asset infrastructure provider Ripple has partnered with Nigerian fintech startup Chipper Cash to support cross-border payments into Africa using Ripple Payments.

The partnership will enable Chipper Cash’s millions of customers to receive funds from around the world at any time of day.

The partnership significantly reduces the time and friction involved in moving value into Africa. Additionally, using digital asset rails ensures that fees for transferring funds across borders will be considerably lower.

“We are thrilled to welcome Chipper Cash to the Ripple network as we continue to expand our footprint in key markets across the Middle East and Africa,” said managing director for the Middle East and Africa at Ripple, Reece Merrick.

“Integrating our technology into Chipper Cash’s platform will enable faster, more affordable cross-border payments while driving economic growth and innovation across the markets they serve. With over a decade of experience in tokenizing real-world assets, Ripple’s journey began by bringing fiat currencies on-chain to simplify international money transfers. As the global cross-border payments market grows, more institutions like Chipper Cash are tapping into the transformative power of blockchain technology to drive efficiency and innovation.”

Ripple is well-positioned to provide financial institutions with essential tools for tokenization, storage, exchange, and movement of digital assets. Specifically, Ripple Payments offers extensive global coverage across more than 90 payout markets, handling over 90% of daily foreign exchange volume exceeding $70 billion.

“At Chipper Cash, we are focused on providing our customers with the best possible financial products and services. We believe that crypto-enabled payments are key to driving down cross-border fees and increasing efficiency in today’s global economy, ” added co-founder and CEO of Chipper Cash, Ham Serunjogi.

“These payments also support financial inclusion by providing people with access to the funds they need, regardless of where they are in the world. We are excited to partner with Ripple to bring these benefits to our customers and introduce them to the benefits of blockchain technology.”

The partnership with Chipper Cash marks a key milestone in Ripple’s expansion into the African continent. Earlier this year, the company announced partnerships with several financial institutions in the Middle East to support the use of advanced technologies for cross-border payments.