Ripple, a leading provider of digital asset infrastructure for financial institutions, has partnered with Chipper Cash to enhance cross-border payments into Africa. By utilising Ripple Payments, which leverages blockchain technology, this collaboration aims to make international money transfers into Africa faster, more efficient, and cost-effective.
Chipper Cash, with a customer base of five million across nine African countries, will integrate Ripple’s crypto-enabled payments solution to enable consumers to receive funds globally 24/7. This partnership seeks to reduce friction in cross-border transactions and improve financial accessibility across the continent.
Ripple’s expansion in Africa
Reece Merrick, managing director for the Middle East and Africa at Ripple, highlighted the significance of this partnership in strengthening Ripple’s presence in Africa. He stated, “Consumers and businesses across the continent are increasingly recognising the potential of blockchain technology, and we are excited to bring our crypto-enabled payments solution to our partners in the region. By integrating our technology into Chipper Cash’s platform, we’re enabling faster, more affordable cross-border payments while driving economic growth and innovation across the markets they serve.”
Chipper Cash’s integration with Ripple’s global payments network is expected to empower individuals and businesses with better access to global financial markets. Ham Serunjogi, co-founder and CEO of Chipper Cash, underscored the impact of this collaboration, saying, “Crypto-enabled payments have the potential to enable greater financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa. Through integrating with Ripple’s global payments network, we are excited to be able to harness the transformative potential of blockchain technology to enable consumers to receive payments faster and at lower cost.”
Ripple’s growing influence in global payments
This partnership follows Ripple’s ongoing expansion in Africa, which began with its collaboration with Onafriq in 2023. Ripple Payments now has near-global coverage, with more than 90 payout markets representing over 90 percent of daily foreign exchange (FX) markets. It has processed over $70 billion in transaction volume.
Ripple’s expertise in digital asset infrastructure spans more than a decade, with the company holding over 60 regulatory licenses and registrations worldwide. Its commitment to tokenizing real-world assets continues to drive efficiency and innovation in global financial transactions.
As Africa’s digital economy continues to grow, the collaboration between Ripple and Chipper Cash marks a significant step toward providing secure, scalable, and inclusive financial solutions across the continent.