Chipper Cash, one of Africa’s leading fintech innovation that offers low cost and more advanced tech solution to send and or receive money across the African continent right on your mobile phone has zero-rated transaction fees on its platform to help customers combat with the covid-19 effects. With the current pandemic which has forced many under lockdown and by extension practice social distancing, several people are now looking for solutions that do not involve moving around such as visiting physical locations unless its absolutely necessary.
It’s one of the many firms that have so far taken measures to come up with solutions that least exposes customers to the current outbreak. Unlike the likes of western union of which on their own cannot effectively offer services without having to visit an agent unless using third party services like Mpesa, Chipper Cash allows customers to send and receive money across the African continent at no fee. This has tremendously promoted social distancing as well as the physical handling of cash.
The Chipper Cash innovation was born out of the Silicon Valley in San Francisco by Uganda’s Ham Serunjogi and Ghana’s Maijid Moujaled, having been inspired to offer fast and cheap mobile payment solutions in Africa, and was launched in October 2018. Africa continues to lead in the use of mobile based money transfer services with success stories in countries like Kenya where MPESA trounces all other services by significant margins.
Speaking on the development, the Co-founder and CEO of Chipper Cash, Ham Serunjogi pointed out that their education and life experiences abroad drove them to think of ways they could leverage growing up on the continent to create a major impact, leading to the birth of Chipper Cash.
Kenya continues to lead the world in the use of digital payments especially via mobile phones that have so far reached close to 70 percent of its population. Chipper Cash is therefore offering a platform to those who work across the continent and want a more convenient, simple and cheaper platform to send and receive cash.
Serunjogi also added that Chipper Cash was enabling Africans to transfer and receive money across Africa in a fast, free, and easy way right from their mobile phones. In addition, he also said they plan to expand the untapped opportunity in Kenya and continue bringing Africa together, one transaction at a time.
Chipper Cash is currently operational in Kenya, Ghana, Uganda, Tanzania, Rwanda, Nigeria, and South Africa and has over 1 million downloads from the Android Play Store. Also, over 3 million transactions have been successfully completed since its inception.
It allows customers in Kenya to make up to 2 million Kenyan Shillings per day worth of transactions or 15 million Kenyan Shillings per week. It can be downloaded from both the top app stores – Play Store for android devices or App Store for iOS devices.
Advantages of using Chipper Cash;
- Its currently free to download and has no transaction costs for local or cross-border transfers
- Users can purchase discounted airtime of 2% on most mobile networks across Africa
- You can send money to someone who doesn’t have a Chipper Cash account
- You can as well Send and receive money from any network
- Chipper Cash is easily linked to your contacts
- Refer your friends to Chipper Cash to expand your network of those you can send to and receive from for free