By Mark Kawalya
Chipper Cash, an African cross-border fintech startup, recently launched in Rwanda, making it possible for residents to send money to more than 21 countries in Africa and the United States. The development was announced by company officials at the Inclusive Fintech Forum that was held at the Kigali Convention Centre early in June.
Information from the company indicates the firm serves more than five million customers spread out across different countries in Africa.
Rwanda’s Minister of ICT and Innovation, Paula Ingabire, commended the launch, saying that it was part of a series of attempts that prove Africa’s commitment to revolutionizing the way people transact and connect in the digital age.
“The launch is not only a big occasion for chipper cash, but it is also in perfect alignment with Rwanda’s vision to protect, and promote FinTech innovation and investments. We share the same vision to boost economic growth through technology, innovation, and citizen empowerment. Chipper Cash’s commitment to bridging the gap and promoting easy access to financial services aligns with our objectives.”
Chipper Cash’s Co-Founder and CEO, Ham Serunjogi, highlighted the company’s dedication to unlocking global opportunities and connecting Africa “Chipper Cash is dedicated to unlocking global opportunities to connect Africa, and launching in Rwanda is an important step toward fulfilling our vision. As one of the largest consumer fintech companies in Africa, Chipper is excited to participate in and invest in Rwanda’s vibrant marketplace while democratizing access to our world-class products and services.” he said,
The startup will simplify digital payments and transfers by bringing the convenience of transacting in multiple currencies and facilitating international remittances for individuals, families, and businesses in Rwanda.
Chipper Cash has plans to introduce two new products in Rwanda. These are the virtual Chipper Card for online shopping, streaming, and subscriptions, and the Chipper for Business to support small and medium-sized enterprises (SMEs) in the global marketplace.
Although traditional banks have led the cross-border payments industry in the past, the traditional system had a number of bottlenecks that impacted small enterprises and individual clients.
