Customers of African fintech Chipper Cash may now cash in and out in real time via MoneyGram agents, supported by the Stellar blockchain network.

Chipper Cash, Stellar, and MoneyGram announced a strategic alliance yesterday, saying that this expansion of services is another step toward closing the gap between consumers and 'first-class financial services' on a scale never seen before.

The fintech also said it will begin efforts to strengthen integrations and expand into new markets soon.

Through this integration, Chipper Cash, a Stellar-enabled anchor, now allows its users to 'seamlessly' cash in and out of their wallets using MoneyGram's physical agents.

Powered by the Stellar platform and MoneyGram's vast global retail network, Chipper Cash users “can now enjoy more ways to interact with their money”, said the company.

Tefiro Serunjogi, head of consumer products at Chipper Cash, said: “By integrating with MoneyGram’s global network and Stellar, we are thrilled to offer our users even more seamless transactions. This integration reinforces our commitment to empowering individuals with innovative tools to access the digital economy, transforming how people manage their money on a global scale.”

Chipper Cash was founded in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled in response to a common frustration: the difficulties and high expense of sending money across African borders.

Chipper Cash now intends to increase financial inclusion in Africa by using technology to make financial services more accessible and affordable.