Ripple has announced a new partnership with Chipper Cash, one of Africa’s leading fintech platforms aimed at enhancing the speed and cost-efficiency of cross-border transactions into the continent. The integration will rely on Ripple Payments, a blockchain-based solution that uses XRP to settle international transfers in real time.
Chipper Cash, which serves more than five million users across nine African countries, stated that the collaboration will enable recipients to receive funds from abroad instantly and around the clock—a critical improvement compared to the slow and expensive remittance options many African consumers currently face.
By leveraging Ripple’s infrastructure, the partnership seeks to address long-standing challenges in Africa’s financial ecosystem, particularly around foreign remittance processing, liquidity access, and payment accessibility. The initiative reflects Ripple’s broader strategy of positioning XRP as a utility asset in emerging markets where traditional banking infrastructure remains limited or inefficient.
“Our partnership with Chipper Cash marks a key milestone in the expansion of Ripple’s business in Africa,” said Reece Merrick, Managing Director for the Middle East and Africa, at Ripple.
“Consumers and businesses across the continent are increasingly recognizing the potential of blockchain technology, and we are excited to bring our crypto-enabled payments solution to our partners in the region.”
Empowering Millions with Efficient Transactions
The integration of Ripple Payments into the Chipper Cash ecosystem is expected to deliver near-instant international money transfers, providing users with 24/7 access to funds from abroad. This advancement directly tackles the persistent inefficiencies of legacy banking systems in Africa, where cross-border payments often involve lengthy processing times and high transaction costs.
The partnership also builds on Ripple’s earlier work in the region, including its 2023 alliance with Onafriq—a pan-African payment network that connects financial institutions across multiple markets.
As Ripple deepens its regional footprint, the collaboration with Chipper Cash marks a continuation of its effort to replace outdated remittance infrastructure with faster, cost-efficient alternatives tailored to underserved economies.
Ham Serunjogi, co-founder and CEO of Chipper Cash, highlighted the transformative impact of crypto-enabled payments on financial inclusion and access to global markets. He noted:
“With this integration into the Chippercashapp platform, Ripple Payments will expand its reach into Africa, and millions of people across Africa will be able to receive faster, more affordable payments from around the world.
We’re excited to harness the transformative potential of blockchain technology to enable greater financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa.”
Broader Implications for Africa’s Financial Landscape
This partnership reflects renewed enthusiasm for integrating blockchain solutions to address financial challenges in Africa by both upcoming and established fintech providers. The continent has witnessed a surge in fintech innovations aimed at enhancing financial inclusion and streamlining remittance processes. For instance, the Pan-African Payment and Settlement System (PAPSS) is set to launch a currency market platform to facilitate direct exchanges between African currencies, reducing reliance on intermediaries like the US dollar.
By adopting blockchain-based payment systems, African fintech firms are not only improving transaction efficiency but also fostering economic growth and innovation. These advancements have the potential to bridge financial gaps, empower local businesses, and connect African markets more effectively with the global economy.
Quick Facts:
- Ripple and Chipper Cash have partnered to enhance cross-border payments in Africa using Ripple Payments and XRP.
- Chipper Cash serves over five million users across nine African countries, who will benefit from faster and more affordable international transactions.
- The collaboration underscores the increasing adoption of blockchain technology to improve financial inclusion and access to global markets in Africa.
