You searched for remittance - Africa Money Defi Summit

Payments Opportunities: Cross Border Trade & Remittances

category Video

Join us for the next edition of Africa Money & DeFi Summit taking place at Africa Tech Summit Nairobi on 14th & 15th February 2024. On October 3rd & 4th 2023 Africa Money & DeFi Summit hosted leaders and stakeholders from across the African Finetch, Web3, DeFi and tech ecosystem, who listened and learned from... Read Article →

TerraPay partners with M-PESA to facilitate cross-border remittances

category News

TerraPay, a global payments infrastructure company has announced its partnership with Safaricom, Kenya’s telecommunications, IT and financial services provider. Together, both companies will usher in the benefits of financial inclusion by facilitating instant borderless payments. The partnership, through TerraPay’s group company Mobex (Kenya), a licensed Money Remittance Provider, will enable more than 30 million M-PESA…

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Mobile remittances to lead digital revolution in marginal rural areas in five African countries

category News, Partner News

To harness the development benefits of using mobile channels to send and receive remittances, the UN’s International Fund for Agricultural Development (IFAD) announced its first grant to a digital payments company, MFS Africa, to promote the use of mobile remittances in marginal rural areas in five African countries; Ghana, Kenya, Senegal, The Gambia and Uganda.... Read Article →

The Evolution Of International Payments & Remittances

category News, Video

Panel Session on Insights from The Evolution Of International Payments & Remittances at the Africa Money and DeFi Summit, part of Africa Tech Summit Nairobi 2022. The panelist discuss the importance of customer plans with reference to cost, and speed of delivery, highlight effective customer acquisition strategies, barriers to growth and what approach the key... Read Article →

Crypto is Changing the world of payments and remittances in Africa

category News, Op-ed

I was shocked when I got to the bank and heard an attendant tell a distressed customer that they could not send money out of Ghana using Western Union. But, even though the situation was disturbing, it assured me that cryptocurrencies would fit in here and adoption needed to happen quickly. In this article, we…

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Africa’s Regulatory Push Paves the Way for Funding Rebound

category Uncategorised

The third CV VC African Blockchain Report in partnership with Absa Group affirms the growing impact of blockchain technology on Africa’s resilience during global macroeconomic and sociopolitical shifts. According to the IMF World Economic Outlook, nine of the top twenty fastest-growing economies in 2024 are African nations. This report underscores blockchain’s contribution to driving African economies forward. The technology’s…

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TBD, part of Block, which is focused on creating open and decentralized technologies to connect the financial world, today announces that leading African fintech Chipper Cash has integrated with the tbDEX protocol to power cross border payments and decentralized identity use cases for individuals and businesses on the African continent. “Across Africa, the challenges of currency liquidity and access to global financial systems are palpable,” said Mike Brock, CEO of TBD. “For these reasons, we are laser focused on building out the tbDEX ecosystem in Africa, which already includes Yellowcard, the largest and only licensed stablecoin on/off ramp on the African continent. Fast on the heels of our tbDEX SDK 1.0 release, adding Chipper Cash to our growing network will help to accelerate our work on global cross border payments and decentralized identity.” Chipper Cash extends the power of tbDEX across Africa As one of the largest fintechs in Africa, Chipper Cash already allows 5 million consumers to move money efficiently to over 21 African countries. And with over 1.2 million cards issued, Chipper’s integration represents the onboarding of one of the largest virtual card issuers in Africa. “At Chipper Cash, we're excited about the potential of tbDEX to revolutionize remittance flows into Africa,” said Maijid Moujaled, President and Co-Founder of Chipper Cash. “Remittances are a lifeline for many African families, but the costs of sending money to the continent remain among the highest globally. By plugging into an open protocol like tbDEX with numerous network participants, we believe we can, collectively as an industry, drive down these high costs and facilitate remittances in a more efficient, transparent, and compliant manner.” Accelerating the path to financial inclusion for small businesses While the initial collaboration will focus on enabling faster and less expensive consumer remittances, the two companies will also explore ways to empower small businesses. Chipper’s offerings for businesses already enable local and cross-border digital payments for underbanked SMEs across 40 different African countries, powering disbursements and collections from bank accounts, mobile money wallets and Chipper wallets. Leveraging verifiable credentials and decentralized identifiers to enable trust Chipper Cash will also leverage tbDEX to unlock trusted, compliant transactions with verifiable credentials (VCs) and decentralized identifiers (DIDs) in order to accelerate the onboarding and identity verification of consumers and small businesses. “Chipper is also excited to collaborate with TBD on the trust frameworks and innovative credential designs that underpin every financial transaction on tbDEX,” Moujaled said. “The idea that we can have a standardized and streamlined way to verify our identity on the internet can help make the world feel a bit more inclusive.”

TBD Expands in Africa, Adding Chipper Cash to Growing tbDEX Ecosystem

category News, Press Release

TBD, part of Block, which is focused on creating open and decentralized technologies to connect the financial world, today announces that leading African fintech Chipper Cash has integrated with the tbDEX protocol to power cross border payments and decentralized identity use cases for individuals and businesses on the African continent. “Across Africa, the challenges of…

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Tether and Bitnob Collaborate to Educate Ghanaian University Students on Bitcoin and Stablecoins

category Partner Press Release

Tether Operations Limited, the largest company in the digital asset industry, and Bitnob, a financial technology company that enables payments into mobile money wallets and bank accounts, are announcing a strategic collaboration aimed at promoting financial education on Bitcoin and Stablecoins in Africa. The collaboration will feature a series of educational events hosted by Bitnob…

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blockchain technology has multiple use cases that could bring positive changes to various sectors on the African continent

Top Use Cases of Blockchain Technology in Africa

category News

Beyond all the hype, blockchain technology has multiple use cases that could bring positive changes to various sectors on the African continent. Some critics dismiss blockchain technology or reduce its application to only cryptocurrencies. However, the application of blockchain tech has evolved over the years with more attempts to create real-world impacts. In this article,…

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Top 5 African Web3 Projects To Keep An Eye on in 2024

category News

It’s almost 2024, and everyone is making projections into the new year. 2023 continued Africa’s study growth in the Web3 industry with more adoption and innovation. The list of African-owned or based Web3 projects continues to increase as various innovators find ways to use blockchain technology to fix some of the biggest issues on the…

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