On Thursday, Ripple, a leading blockchain payments company, announced a partnership with African fintech giant Chipper Cash to transform cross-border transactions across African countries.
According to the statement, the collaboration focuses on leveraging Ripple’s blockchain-based solutions to enhance the speed, affordability, and efficiency of remittances in the continent’s rapidly growing digital payments sector.
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Boosting financial inclusion with blockchain
Chipper Cash, which serves over 5 million customers across nine African nations, will integrate Ripple Payments to facilitate seamless international money transfers. The partnership is expected to enhance Africa’s remittance sector, which is projected to surpass $100 billion in 2025, according to World Bank data.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, emphasised the partnership’s transformative potential, stating, “As the global cross-border payments market expands, institutions like Chipper Cash are harnessing blockchain technology to drive innovation and economic growth.”
Meanwhile, Chipper Cash CEO Ham Serunjogi echoed the sentiment: “Crypto-enabled payments can unlock greater financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa.”
As a result, the partnership marks Ripple’s second major collaboration with an African payments-focused fintech, following its 2023 partnership with Onafriq, which operates in over 30 countries.
The company’s growing presence underscores the increasing institutional adoption of blockchain solutions in Africa’s financial ecosystem.
Also, Ripple’s expansion follows its recent regulatory milestone in Dubai, where it secured a license from the Dubai Financial Services Authority (DFSA) to offer crypto payment services in the region.
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A vision for faster, cheaper remittances
With remittances playing a critical role in economies like Nigeria, Ghana, and Kenya, Ripple’s technology promises to reduce transfer times and costs for millions.
The firm has already processed over $70 billion in transactions globally, serving 90 percent of the forex market.
As Africa’s digital finance system evolves, Ripple’s partnerships signal a new era of blockchain-powered financial inclusion that could reshape the continent’s $100 billion remittance market.