Chipper Cash has officially launched on our shores offering domestic P2P money transfers in the country, the announcement was made last week. The app is the brainchild of Chipper, the fastest growing African fintech start-up that facilitates free peer-to-peer (P2P) money transfers and instant cross-border payments in Africa.
The company was founded in 2018 by Ham Serunjogi (CEO) and Maijid Moujaled (President) and it is headquartered in San Francisco, USA. As Chipper Cash is experiencing rapid user adoption, Chipper has opened offices in multiple countries such as Nigeria, Kenya, United Kingdom and South Africa.
The idea behind Chipper Cash is to enable South Africans enjoy free unlimited instant domestic money transfers, invest in cryptocurrencies, and buy and send airtime and data to loved ones. People can instantly purchase airtime and data from leading South African network providers to send to friends and family. In addition, Chipper Cash allows people to buy, sell and transfer Bitcoin, Ethereum and USD Coin all in one app.
The app’s interface is intuitive, simple and makes sending money to friends and family as simple and instant as sending a text. In addition, it is claimed that the app is quick, very low on cost, is user-friendly, challenges high fees, and decreases slow transfer times in traditional money transfer practices.
“We are very excited for South Africa to experience Chipper Cash and take advantage of the app’s features such as fast and safe P2P money transfers, buying discounted airtime and data, and investing in selected cryptocurrencies. Soon, we will be introducing additional features such as cross-border transfers across countries within our network. People living in South Africa will be able to send money easily and safely to their families and friends in other African countries. We believe that Chipper Cash will help formalise local and regional remittances that tend to be sent through informal channels, which can be expensive, unsafe and unreliable. Such a meaningful difference is true to the goals and vision of Chipper Cash’s founders,” mentioned Pardon Mujakachi, Vice President: Strategy & Partnerships, Africa.
Chipper Cash is available for download, for free, on iOS and Android.
