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Ukheshe, Chipper Cash collaborate to build solutions for payments revolution in Africa

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Ukheshe partners Chipper Cash
Ukheshe partners Chipper Cash

South African financial institution, Ukheshe Technologies, has collaborated with Chipper Cash to strengthen the digital payment solutions offered by Chipper Cash, for Africans.

The partnership will enhance efficient transactions across Africa, while leveraging Ukheshe’s Eclipse API framework to increase customer-satisfaction.

Currently available in eight African countries, including Nigeria, Uganda, Ghana, United Kingdom, Tanzania, South Africa, Kenya and Rwanda, Chipper Cash makes money transactions across Africa easy.

Chipper Cash was founded in 2018 by Ham Serunjogi and Maijid Moujaled. The company became a Unicorn in May this year, following its $100,000,000 Series C funding round led by SVB capital, the investment subsidiary of Silicon Valley Bank.

The company offers mobile-based, zero-charges, peer-to-peer (P2P) payment services across borders and asserts to have a total of four million users with 40,000 daily new users leveraging its services, a 0.03 seconds average transaction time and performs 80,000 transactions daily.

Ukeshe’s API helps users enhance and create new revenue opportunities, making it possible for customers to manage their finances and increase business patronage.

Clayton Hayward, CEO of Ukheshe, terms the partnership with Chipper as an exciting opportunity to be a leader in the production of new solutions driving growth in the African payments industry.

 “Ukheshe’s Eclipse API provides access to payment technology, products and services – all from one convenient platform. The rapid shift towards innovative digital-first solutions is undeniable and we are thrilled to partner with Chipper, a company that shares our vision and enthusiasm for credible, seamless payment solutions that drive the payments revolution in Africa,” he said.

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The current partnership between Ukheshe and Chipper Cash will increase access to basic banking for the underserved across sub-Saharan Africa where just 37% of women and 48% of men own bank accounts.

Hayward further stated that the relationship between Ukheshe and Chipper aims to spearhead digital-first fintech solutions made in Africa to broaden access and financial inclusion for those who need it most.

Our digital payment solution supports wallet functionality and will offer much-needed simplified payment solutions that allow users to send and receive cross-border payments safely, quickly, and efficiently.

​Joan Aimuengheuwa is a content writer who takes keen interest in the scopes of innovation among African startups. She thrives at meeting targets and expectations. Contact: [email protected]

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