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<ul> 
 <li>Ripple and Onafriq partner to revolutionize cross-border payments for Africa and key markets.</li> 
 <li>Ripple Payments technology accelerates efficient, cost-effective international money transfers.</li> 
 <li>Onafriq’s expansive mobile money network paves the way for secure and low-cost remittances.</li> 
</ul> 
<p>In a significant <a href="https://ripple.com/ripple-press/ripple-partners-with-onafriq-to-power-digital-asset-enabled-cross-border-payments-between-africa-and-the-rest-of-the-world/" target="_blank" rel="noreferrer noopener nofollow">partnership</a>, Ripple, a leader in enterprise blockchain solutions, has joined forces with prominent payments fintech <a href="https://www.benjamindada.com/mfs-africa-rebrands-onafriq/" target="_blank" rel="noreferrer noopener nofollow">Onafriq (formerly MFS Africa)</a> to empower digital asset-enabled cross-border payments.</p> 
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   <p lang="en" dir="ltr">We’re proud to announce that our partner <a href="https://twitter.com/Onafriq?ref_src=twsrc%5Etfw">@Onafriq</a> will utilize Ripple Payments, our crypto-enabled payments technology, to open up three new payments corridors between Africa and the rest of the world. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="🌍" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Learn more: <a href="https://t.co/FU0pjHuqIA">https://t.co/FU0pjHuqIA</a></p>— Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1722105809243656440?ref_src=twsrc%5Etfw">November 8, 2023</a>
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<p>This collaboration aims to enhance international money transfers between Africa and various emerging markets, including the Gulf Cooperation Council (GCC), the United Kingdom, and Australia.</p> 
<p>Leveraging Ripple Payments, Onafriq is creating three new payment pathways connecting Africa with the rest of the world. This development enables customers of UK-based PayAngel, GCC’s Pyypl, and Australia’s Zazi Transfer to execute swift and cost-effective remittances and business payments to recipients spanning 27 countries within Onafriq’s expansive pan-African network.</p> 
<p>Ripple’s cutting-edge crypto technology contributes to eliminating the conventional challenges linked to cross-border payments, such as extended transfer durations, unreliability, and excessive fees. The Ripple and Onafriq partnership is set to introduce more efficient and affordable international money transfer solutions to Africa, furthering the cause of financial inclusion across the continent.</p> 
<p>Aaron Sears, SVP of Global Customer Success at Ripple, expressed excitement about broadening their crypto-enabled, <a href="https://cryptonewsland.com/ripple-unveils-ripple-payments-with-game-changing-upgrades/" target="_blank" rel="noreferrer noopener">cross-border payment solution</a> into Africa through this collaboration. It brings the advantages of faster and cost-effective cross-border payments to individuals worldwide looking to send money to Africa.</p> 
<p>Onafriq boasts the largest footprint for mobile money movement across Africa, making mobile money a key driver of financial inclusion and <a href="https://cryptonewsland.com/ripple-and-fubon-bank-pioneer-home-equity-lending-with-cbdcs/" target="_blank" rel="noreferrer noopener">access to financial services</a> on the continent. With a payment hub linking over 500 million mobile wallets in 40 African nations and operating across 1,300 payment corridors, Onafriq plays a pivotal role in regional payment interoperability and seamless cross-border transactions.</p> 
<p>The post <a href="https://cryptonewsland.com/new-ripple-collab-powers-cross-border-payments-between-africa-and-key-markets/">New Ripple Collab Powers Cross-Border Payments Between Africa and Key Markets</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

New Ripple Collab Powers Cross-Border Payments Between Africa and Key Markets

Crypto News Land

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