Ripple Partners With Onafriq To Transform African Cross-Border Payments

Editorial Desk
By Editorial Desk 1 Min Read

Ripple in partnership with Onafriq will be powering new payment corridors between 27 African countries.

This collaboration will utilize Ripple Payments’ blockchain technology in conjunction with three partnering companies – Zazi Transfer for Australia, PayAngel for the U.K., and Pyypl for GCC member states.

Remittances play a significant role in cross-border payments to Africa, and this partnership aims to streamline and enhance these transactions.

Ripple’s senior vice president of global customer success, Aaron Sears, highlighted the growing adoption of digital assets in Sub-Saharan Africa, particularly in countries like Nigeria, Kenya, and South Africa.

Additionally, Pyypl is already a Ripple partner in its on-demand liquidity (ODL) solution, and Onafriq has reportedly integrated ODL as well.

Onafriq, formerly known as MFS Africa, recently rebranded after acquiring U.S. mobile payment software developer Global Technology Partners.

This partnership comes on the heels of Ripple’s latest upgrade, which was announced at the company’s Swell customer event in Dubai on Nov. 8.

Share This Article
Leave a comment
WP2Social Auto Publish Powered By : XYZScripts.com