Changera, the fast-growing cross-border payments startup, is making waves in the fintech industry by joining forces with global leader MoneyGram and leveraging the open-source Stellar network. This strategic integration aims to enable cash-to-crypto deposits and withdrawals for customers worldwide, signaling a significant milestone in Changera’s mission to democratize cross-border payments access for people and businesses across the globe.
Founded in 2021, Changera’s core focus lies in facilitating seamless and secure cross-border payments and remittances for its users. Since its inception, the fintech platform has delivered on its value proposition, allowing businesses across Nigeria, Ghana, Kenya, and Canada to transact with ease.
With the latest integration, Changera takes a giant leap forward, expanding its reach as the first African-based custodial wallet collaborating with MoneyGram. The partnership enables cash-in services in Canada, Senegal, Uganda, and Kenya, and cash-out services via Circle’s stablecoin, USDC, on the Stellar blockchain network at participating MoneyGram locations across 180+ countries.
The collaboration aligns with Changera’s commitment to fostering financial inclusion for the excluded, unserved, and underserved regions in Africa. By utilizing MoneyGram’s extensive agent network, users in Canada, Senegal, Uganda, and Kenya will experience reduced costs and faster transactions when cashing into their Changera Wallets. Additionally, withdrawals are now available to existing and new customers globally, ensuring unparalleled access to cash-out funds conveniently.
Ruth Iselema, the Chief Executive Officer of Changera, highlights the primary objective of this integration as simplifying the funding process for Changera wallets’ users. The solution comes at a crucial time, as a significant portion of the global population lacks access to bank accounts, and a majority of adults still rely on the cash economy despite digital wallet availability. The collaboration between MoneyGram and an African Fintech company outside traditional banking institutions is groundbreaking, and Changera takes immense pride in pioneering such advancements.
CUmar Adamu, Chief Technology Officer at Changera, expresses excitement about the transformative collaboration with MoneyGram. The integration marks a significant milestone for Changera, enhancing user experiences and fostering financial inclusion throughout Africa. With USDC on the Stellar network, Changera empowers Africans with unparalleled convenience and accessibility, revolutionizing the engagement with digital wallets.
The integration of MoneyGram’s trusted services underscores Changera’s commitment to advancing financial inclusion. Customers can now access their funds swiftly and securely, eliminating previous limitations and bridging gaps in underserved regions. Changera aims to offer individuals convenience, reliability, and security for digital wallet payments and remittances, transforming the financial landscape in Africa and beyond.
Changera’s strategic collaboration with MoneyGram and the Stellar network is a game-changer in the world of cross-border payments and financial inclusivity. By empowering users to transact without limits, Changera solidifies its position as a trailblazing African Fintech startup, driving progress towards a more inclusive digital economy. With a focus on seamless transactions and broadening financial access, Changera continues to revolutionize the way Africans engage with digital wallets, ensuring a brighter and more connected future for all.
