Introduction
Ripple, a leader in enterprise blockchain and crypto solutions, has partnered with Onafriq, a leading African payments fintech, to revolutionize cross-border payments between Africa and key global markets. This collaboration leverages Ripple Payments—a crypto-enabled payments technology—to establish efficient, low-cost remittance corridors connecting Africa with the Gulf Cooperation Council (GCC), the UK, and Australia.
Key Features of the Partnership
1. New Payments Corridors
Onafriq’s integration with Ripple Payments enables three major corridors:
- UK → Africa: Via PayAngel
- GCC → Africa: Via Pyypl
- Australia → Africa: Via Zazi Transfer
Recipients across 27 African countries can now receive faster, cheaper remittances and business payments.
2. Solving Traditional Payment Challenges
Ripple’s blockchain technology addresses:
- Slow transfer times (often days) → Reduced to minutes.
- High costs → Lower fees via crypto liquidity.
- Unreliability → Transparent, traceable transactions.
👉 Learn how blockchain transforms remittances
3. Driving Financial Inclusion
Onafriq’s network spans 500 million mobile wallets across 40 African nations, bridging gaps in financial access. Mobile money adoption is critical for inclusion, and this partnership amplifies its impact.
Statements from Leadership
Aaron Sears, SVP at Ripple:
“Expanding into Africa with Onafriq aligns with our mission to deliver crypto-enabled payments globally. This collaboration benefits individuals and businesses sending money to Africa.”
Dare Okoudjou, CEO at Onafriq:
“By partnering with Ripple, we’re enabling seamless, low-cost remittances at scale—key to our crypto strategy and Africa’s economic growth.”
Ripple’s Global Footprint
- Products: Blockchain-powered cross-border payments, liquidity management, and CBDCs.
- Reach: 55+ countries, 70+ payout markets.
FAQs
1. Which African countries are supported?
Payments reach 27 nations, including Nigeria, Ghana, South Africa, and Kenya.
2. How does Ripple ensure low costs?
By bypassing intermediaries via crypto liquidity pools, reducing fees by up to 60%.
3. Is this service available for businesses?
Yes! SMEs can leverage Ripple Payments for B2B transactions.
👉 Explore crypto-enabled business solutions
Conclusion
This partnership marks a pivotal step in Africa’s digital finance evolution, combining Ripple’s blockchain expertise with Onafriq’s pan-African network. Expect faster, cheaper, and more inclusive cross-border payments—bridging Africa and the world.
Covered countries: Benin, Botswana, Burkina Faso, Burundi, Egypt, Ethiopia, Ghana, Kenya, Mali, Morocco, Nigeria, Senegal, South Africa, Tanzania, Uganda, Zambia, Zimbabwe, and more.
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