Bitmama’s Cross-border Payment Platform Changera Integrates With MoneyGram
Changera’s groundbreaking collaboration with MoneyGram and the Stellar network is set to revolutionize cross-border payments. With a focus on providing effortless and secure remittances, Changera now enables cash-to-crypto deposits and withdrawals worldwide.
By Anna B Kiwanuka
Changera, a dynamic cross-border payments startup, has teamed up with MoneyGram, a leading global player in digital peer-to-peer payments, and the open-source Stellar network, ushering in a game-changing collaboration that enables cash-to-crypto deposits and withdrawals worldwide.
This integration marks a significant stride towards Changera’s goal of extending access to cross-border payments for individuals and businesses on a global scale. Customers can now take advantage of cash-in services in Canada, Senegal, Uganda, and Kenya, while cash-out services using USDC, Circle’s stablecoin, are made possible through the Stellar blockchain network. These services are available at participating MoneyGram locations in over 180 countries, making it an extensive and accessible solution.
Ruth Iselema, the CEO of Changera, highlighted the importance of this collaboration, stating, “Our primary objective is to simplify the funding of Changera wallets for users. With approximately 1.4 billion people lacking bank accounts globally, and 60% of adults worldwide operating in the cash economy, our solution comes at a crucial time. MoneyGram’s vast agent network will facilitate easier cash deposits and transfers in these regions, granting recipients unparalleled access to conveniently cash out their funds. This groundbreaking collaboration between MoneyGram and an African fintech company outside of traditional banking institutions makes us proud pioneers.”
With direct cash deposits and withdrawals now available, Changera’s customers can experience a significant enhancement in accessing their funds rapidly and securely, removing previous limitations. The company anticipates that individuals in Canada, Senegal, Uganda, and Kenya will enjoy cost savings and faster transactions when depositing cash into their Changera Wallets at nearby MoneyGram agents. This milestone cements Changera’s position as a pioneer in delivering cutting-edge financial solutions that cater to the needs of a global clientele.
Founded in 2021, Changera’s mission revolves around providing seamless and secure cross-border payments and remittances for its customers. With a particular focus on businesses in Nigeria, Ghana, Kenya, and Canada, the fintech platform offers a compelling value proposition.