South African fintech firm Ukheshe partners with Chipper Cash to accelerate rollout out of digital payment offerings
South African fintech firm Ukheshe Technologies has partnered with Chipper Cash to enhance and accelerate the rollout out of Chipper’s digital payment offerings. These include free and unlimited P2P payments across South Africa, value-added services such as airtime and data and the ability to legally buy, sell or transfer cryptocurrency. The partnership will also allow for more efficient transactions across Africa, while fulfilling the lives of its customers on the back of the Ukheshe Eclipse API framework.
The three-year-old startup Chipper, is the fastest growing payment app in Africa offering instant no-fee local and cross-border money transfers, discounted airtime purchase and zero charges on bill payments. With over four million users serving eight countries in Africa and the UK, Chipper's mission is to unlock global opportunities and bring Africa together, one transaction at a time.
Clayton Hayward, CEO of Ukheshe, says that collaborating with Chipper is an exciting opportunity to be at the forefront of new solutions that are driving growth in the payments industry in Africa. “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.
When solutions are created to connect organisations to customers, it is vital those customers feel in complete control of their money. To achieve this, a reliable and trustworthy enablement partner is an important foundation. Ukheshe provides these benefits and more, always ensuring that the customer journey remains at the core of its technology.
The devastating effects of the Covid-19 pandemic have further highlighted the need for credible, scalable pan-African fintech solutions. According to the International Monetary Fund (IMF) 57 percent of Africans do not have access to basic banking, while in in sub-Saharan Africa only 37 percent of women and 48 percent of men have a bank account.
“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,” says Hayward.