San Francisco-based Chipper Cash is expanding its cross-border payment services to Nigeria together with PayStack, the payment gateway company.
The company went live in October 2018 and is now fuelling its African expansion by hiring a new country manager as well as a new COO, according to TechCrunch.
Chipper Cash will kick off its Nigerian expansion by offering its no-fee cross-border P2P mobile payment services and will later add its C2B mobile payment service to the mix.
“Nigeria is the largest economy and most populous country in Africa,†Ham Serunjogi, co-founder and CEO of Chipper Cash, told TechCrunch. “Its FinTech industry is one of the most advanced in Africa, up there with Kenya and South Africa.”
“I think for any company doing FinTech across borders, that is looking to be successful in Africa, it’s imperative that you have a presence in Nigeria.â€
The company will join a slew of FinTech startups looking to leverage the underbanked and underserviced African population in order to succeed.
As FinTech Global has previously reported, the African continent has seen a rise of a budding FintTech industry over the last decade. Nigeria, Kenya and South Africa are the three biggest hubs for this new innovative financial services revolution.
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