Ripple, the innovative blockchain solutions provider, has partnered with fintech trailblazer Onafriq to revolutionize cross-border remittances from Africa to the United Kingdom, the Gulf Cooperation Council (GCC), and Australia.
We know you’re eager for the details – here you go!
The partnership aims to open three new blockchain-based payment corridors between Onafriq users in Africa and customers of PayAngel in the UK, Pyypl in the GCC, and Zazi Transfer in Australia.
Onafriq and Ripple
Onafriq, the pan-African payment gateway, has teamed up with Ripple Payments to establish these innovative payment channels. This partnership empowers PayAngel’s, Pyypl’s, and Zazi Transfer’s customers to engage in fast and cost-effective remittances and business transactions, reaching recipients in 27 countries within Onafriq’s network.
Traditional cross-border payment challenges, like slow transfers, unreliability, and high costs, are being effectively removed by Onafriq’s adoption of Ripple’s cryptocurrency technology. This collaboration is set to expand financial inclusion across Africa.
The announcement made by Dare Okoudjou, Founder & CEO of Onafriq, is set to appear at Swell Global 2023, the seventh edition of Ripple’s annual customer conference, which this year takes place in Dubai.
“For a number of years, Ripple has supported crypto-enabled, cross-border payments to individuals and businesses, and we are particularly excited to expand the reach of our solution into Africa thanks to our Onfriq partnership,” said Aaron Sears, SVP, Global Customer Success at Ripple. “Connecting our partners PayAngel, Pyppl and Zazi Transfer with Onafriq over Ripple Payments will bring the benefits of faster and more cost-effective cross-border payments to individuals seeking to send money into Africa from around the globe.”
Through this partnership, the company hopes to strengthen its impact on people and businesses on the continent. With a presence in over 55 countries and six continents, Ripple has become a go-to provider for blockchain-enabled payments infrastructure.
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