Fast-growing cross-border payments startup Changera, has joined forces with MoneyGram, a global leader in the evolution of digital P2P payments and the open-source Stellar network.
This joint venture will enable cash-to-crypto deposits and withdrawals for customers globally.
Democratizing Cross-Border Payment Access
This integration marks a significant milestone towards Changera’s mission to democratize cross-border payment access for people and businesses worldwide.
Changera will now allow both cash-in services in Canada, Senegal, Uganda and Kenya and cash-out services using Circle’s stablecoin, USDC, via the Stellar blockchcain network, at participating MoneyGram locations across 180+ countries.
A Money Transfer Solution for Africa
Founded in 2021, Changera’s business objectives are rooted in enabling seamless and secure cross-border payments and remittances for its users.
Since its inception, the fintech platform has delivered on its value proposition to allow businesses across Nigera, Ghana, Kenya and Canada to make cross-border payments.
With this integration, Changera is taking a giant leap forward, expanding its reach worldwide as the first African-based custodial wallet collaborating with MoneyGram.
Users in Canada, Senegal, Uganda and Kenya will enjoy reduced costs and faster transactions when cashing in at MoneyGram agents closest to their locations into their Changera Wallets.
Withdrawals are available to existing and new customers globally.
Convenient Cross-Boarder Fund Transfers
Ruth Iselema, the Chief Executive Officer of Changera shares her insights on the integration,  “The primary objective of this integration is to simplify the process of funding Changera wallets for users.
Our solution is very timely because 1.4b people currently don’t have bank accounts globally.
That’s approximately a quarter of the world’s population and 60% of adults worldwide work in the cash economy despite access to digital wallets.
MoneyGram’s extensive network of agents will allow easier deposit and cash transfers in these regions and recipients will have unparalleled access to cash out their funds conveniently.
This is the first collaboration of its kind between MoneyGram and a Fintech company in Africa, outside of traditional banking institutions. We’re proud to be the pioneers of it.”
Direct Cash Deposits and Withdrawals
Direct cash deposits and withdrawals are a major step forward for Changera’s customers who can now access their funds swiftly and securely, without previous limitations.
Direct cash deposits will give customers faster and more secure access to their funds.