Ripple Partners with Onafriq to Enable Faster, Cheaper Payments Between Africa and Abroad
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Ripple partnered with Onafriq to enable faster, cheaper payments between 27 African countries and Australia, UK, and Gulf states.
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Onafriq will use Ripple's blockchain technology along with 3 partners - Zazi Transfer, PayAngel, and Pyypl.
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The deal aims to improve remittances to Africa, a large share of cross-border payments.
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Pyypl already uses Ripple's on-demand liquidity solution; Onafriq also integrated it.
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Onafriq recently rebranded from MFS Africa after acquiring a U.S. mobile payments company.