Chapa, a payment solution provider in Ethiopia, recently announced a partnership with Telegram with the goal of enabling merchants who use Telegram to accept consumer payments in a smooth manner. This cooperation is intended to promote financial inclusion and digital payments in Ethiopia.
The integration of Chapa with the bot ecosystem offered by Telegram makes it possible for merchants to collect payments without requiring their clients to exit the app. Chapa makes it possible for users to make payments instantaneously, increasing ease and accessibility. Payments can be made via mobile money, bank transfers, or debit or credit cards.
By utilizing Telegram’s open platform and the many application programming interfaces (APIs), bot developers are able to easily incorporate Bot Payments into any e-commerce site. This connection makes it possible for merchants to accept payments on any platform that is powered by a bot, which opens up a world of fascinating new prospects for them.
This cooperation with Telegram brings us one step closer to realising Chapa’s purpose of enabling Ethiopian businesses to expand their reach in the global market. Chapa’s mission is to enable Ethiopian businesses to expand their reach in the global market. By providing users with a seamless experience that combines texting and payments, we are revolutionising the way in which users connect with businesses.
The possibilities are practically limitless now that Telegram has integrated money processing into its messaging platform. Chapa and Telegram are thrilled to offer this life-changing experience to Ethiopian users, which will improve the users’ day-to-day lives and open up new doors for professional development.
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Remarks from Chapa
“We are honoured to represent Ethiopia on the international stage as the exclusive Telegram payment provider in Africa,” said Israel Goytom, CTO and Co-founder of Chapa. “This noteworthy accomplishment speaks to the progress of our emerging fintech sector and reaffirms our commitment to drive financial technology advancements within the region.”
About Chapa
Chapa is an online payment gateway that gives both large and small merchants the ability to collect payments from clients either online or offline by utilising our application programming interfaces (APIs). The primary mission of the company is to provide secure solutions to payment-related issues faced by forward-thinking enterprises and government organisations located in underdeveloped nations, with a primary concentration on Ethiopia. Payment Gateway Solutions and Bill Aggregator are two of the service categories that Chapa provides for its customers.
By providing services such as Payment Gateways, Payment Applications and Equipment, APIs, and a great deal more, Chapa gives companies and developers that are on the rise the ability to become more successful.
Simply clicking the “Sign Up for Free” button, you will be able to establish a Chapa account. The next step is to click the “Verify Now” button after entering your full name, your business name, and your password.
Complete the Know Your Customer (KYC) form by entering your information and uploading any relevant company papers. Then, click the “Submit for review” button to send the form in for evaluation.
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Concerning the Telegram
Telegram Messenger is an instant messaging service that is free to use, encrypted, hosted in the cloud, and centralised. It is available all over the world. The application also supports end-to-end encrypted chats and video calls as an optional extra feature, in addition to VoIP, file sharing, and a few other services.
You are able to transmit messages, photographs, videos, and files of any type (doc, zip, mp3, etc.) using Telegram. Additionally, you are able to create groups with a maximum of 200,000 members or channels that can broadcast to an endless number of viewers. You can send messages to the people on your phone’s contact list, and you can look people up by their usernames.
At first appearance, WhatsApp and Telegram appear to be rather comparable to one another. Both applications provide users with a comparable selection of functions, with only a few minute distinctions between them. End-to-end encryption is available by default in WhatsApp, however, users of Telegram must first create a private chat in order to utilise this function, and end-to-end encryption cannot be used in group conversations on Telegram.
The creation of Telegram communities (channels and groups) and the subsequent online monetization of those communities is commonplace across the globe. The most profitable company in Telegram brings in as much as $10,000 each and every month!