“Ripple and Onafriq Revolutionize Cross-Border Payments“
Ripple, a global leader in blockchain and cryptocurrency solutions, has partnered with Onafriq, a major player in African mobile payments, to transform cross-border transactions. The collaboration aims to establish three innovative blockchain-based payment corridors connecting 27 African countries with key markets such as the United Kingdom, Australia, and the GCC.
Powering New Payment Corridors
The partnership will involve PayAngel in the UK, Pyypl in the GCC, and Zazi Transfer in Australia. This move promises to eliminate conventional hurdles associated with international money transfers, ensuring speed, reliability, and cost-effectiveness.
Advancing Financial Inclusion
Onafriq holds the distinction of having the most extensive mobile money movement network across Africa. With over 500 million mobile wallets in 40 African countries and an impressive network of more than 1,300 payment corridors, this partnership promises to accelerate the flow of funds and foster economic growth across the African continent.
Hot Take: Ripple’s Strategic Partnership with Onafriq Promises to Revolutionize Cross-Border Payments
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