Fintech (Financial Technology) has continued to revolutionize the payment landscape and will continue to do so for a very long time to time. One fintech company that is making financial activities easy for both individuals and and businesses in Africa is Chipper Cash.
With this app, sending, receiving, investing and managing money accross borders is done easily, speedily and cheeply.
In this blog post, we will explore the many things you can do with Chippercash and how it has become a game-changer in the African financial landscape.
But first………
A Bit About the Company Chipper Cash
With headquarters at 814 Mission Street, San Francisco, US; Chipper Cash is an African cross border digital payment and money transfer services startup. Ham Serunjogi from Uganda and Maijid Moujaled from Ghana founded Chipper Cash in 2018 to allow Africans send money accross borders in local currency.
They are present in eight African countries at the moment: Ghana, Nigeria, Uganda, Rwanda, South Africa, Kenya, Tanzania and Malawi. They are also in the United States and United Kingdom so as to power the sending of money to Africa from these two locations.
The company is licensed to operate payment services in Nigeria by the Central Bank of Nigeria (CBN). Recently it partnered with 9 Payment Service Bank. Through this, users are availed of virtual bank account numbers to make it easier to fund and transact on the Chipper wallet.
With over 5 million users and about $1.65 billion worth of transaction; a gross revenue of $169 million recorded as 1st quarter of 2022 and a valuation of about $2.2 billion chipper cash is arguably the fastest growing Africa startup.
Users attribute the popularity of chipper cash to its ease of use, the multiple facility available in the app and the zero fee, p2p cross border remittances it offers accross Africa. To use the chipper cash is easy. Simply download the app from Google Play Store for Android users or the iOS store from Apple users. Create an account using your phone number or email address, verify your account by supplying your BVN and address, fund your wallet and start using.
And here are the many things you can do with the chipper cash app, once you have created and verify your account.
Payment
Chipper cash app offers its users a variety of payment solutions; making it a first choice for your dfamily and friends to send money accross Africa and Europe.
#1. Send and Receive Cash
At its core, Chippercash allows users to send and receive money instantly and securely. Whether you need to send money to a friend, family member, or business associate, Chippercash provides a hassle-free experience. It offers the lowest cross border rate whether you are sending accross Africa or from USA or UK.
#2. Bill Payment
Pay your bills seemlessly using the chippercash app. Whether it is for your cable tv subscription or electricity bill, you can easily do this on the Chipper cash app at no extra cost. This feature eliminates the need to stand in long queues or visit multiple payment centers, making bill payments a breeze.
#3. Mobile Airtime Top-up
Chippercash goes beyond money transfers by offering the convenience of mobile airtime top-ups. Users can recharge their prepaid mobile phone accounts directly from the app. This feature is particularly useful when you need to top up your airtime on the go or when you want to send mobile credit as a gift to someone else.
Chippercash supports various mobile operators across Africa, ensuring compatibility with a wide range of networks. It also offer 2% cash back on every airtime recharge or data purchase.
#4. Virtual Cards
Chipper cash offers virtual debit cards in conjunction with Visa. It offers two types of prepaid visa cards – local currency denominated and dollar denominated. Both cards can be used to pay for goods and services on merchant sites that accepts visa cards.
Chipper card dollar denominated cards have become so popular freelancers, online business owners and entrepreneurs. You are charged an issuance fee for the cards and the use also attracts some charges.
#5. E-commerce and Online Payments
With the rise of e-commerce, Chippercash has positioned itself as a trusted payment solution for online transactions. The platform integrates with various e-commerce platforms, allowing users to make purchases and pay for services online.
Chippercash offers a secure checkout process, giving users peace of mind when conducting digital transactions. This feature has opened up new opportunities for entrepreneurs and small businesses, enabling them to reach a broader customer base.
Investment
Chipper cash has expanded beyond payment as it now includes a feature that give users access to the global financial market.
#6. Invest in US Stocks
In conjunction with DriveWealth, LLC, Chipper Cash offers one of the best investments platforms that give Africans the opportunity to invest in US stock market. The app gives users the opportunity to buy fractional shares. Thus, with as little as $1, you can buy fractions of the shares of US Fortune 500 companies.
So if you have ever desired to own shares in Tesla, Microsoft, Amazon and other big tech companies, here is the chance to do so.
#7. Invest in Crypto
As the popularity of cryptocurrencies continues to rise, Chippercash has adapted to this trend by introducing support for digital assets. Users can now buy and sell cryptocurrencies directly through the app, providing an accessible avenue for individuals to explore the world of digital currencies.
#8. Earn Free Cash
Both new users and existing users can earn a reward for signing up and referring friends to use the platform. This referral programme is amazing as it gives users the opportunity of of making free money while enjoying all of the benefits that the app offers.
Final Words
Chippercash has emerged as a leading fintech platform in Africa, revolutionizing the way people handle ther finances. With its seamless money transfer capabilities, mobile airtime top-ups, bill payments, e-commerce integration, investment options, Chippercash has become a one-stop solution for many financial needs.
Its user-friendly interface, security measures, and commitment to financial inclusion have made it a popular choice among individuals, entrepreneurs, and businesses across the continent. As Chippercash continues to innovate and expand its services, it is poised to play a significant role in shaping Africa’s digital financial landscape in the years to come.
