We are excited to confirm a significantly strengthened partnership between Chipper Cash and Visa. Here is the press release we issued to announce the news:
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Chipper Cash Announces Strengthened Partnership with Visa
The announcement follows Chipper Cash reaching the significant milestone of issuing over one million Chipper Cards, and also becoming the largest provider of virtual cards in Africa.
San Francisco, 2 November 2023 – Chipper Cash, a financial services company serving over five million customers across Africa and the US, has announced a strategic partnership with Visa to drive growth and financial inclusion across the African continent.
Chipper Cash has an established partnership with Visa, having worked with the company since 2021 to bring its popular Chipper Card to market, where Chipper customers use the Visa network to make payments globally. Having recently issued one million cards and become the largest provider of virtual cards in Africa, this expanded deal will see Chipper harness Visa’s vast experience and investment across more areas of its business.
The arrangement will see the two firms continuing to collaborate on card issuance, while also joining forces across regulatory and functional areas such as Visa licensing and marketing to leverage both Chipper’s expertise and Visa’s capabilities.
Brett Macgrath, Chief Product Officer, Chipper Cash said: “We are proud to have a strong relationship with Visa and are excited to strengthen these ties even further. Today’s announcement means we can deliver on our priorities at a faster pace than we could do alone; harnessing Visa’s global reach to enable us to continue to bring the very best products and services to customers.”
“We are thrilled to announce our expanded collaboration with Chipper Cash. This deepens our support in the growing demand for digital financial services in Africa and driving meaningful impact across the continent,” said Meagan Rabe, Senior Director of Fintechs for Visa Sub-Saharan Africa. “We look forward to continuing our work with Chipper Cash to redefine and expand the boundaries of financial accessibility and convenience."
Tefiro Serunjogi, Head of Consumer Products, Chipper Cash added: “Bringing trusted and reliable products to market at pace - such as the Chipper Card - are not just business wins, they’re enablers for growth and opportunity. Our data shows that for 21% of customers, getting a Chipper Card is their first time accessing a payment card. We are ambitious in our pursuits, and the continued backing of a world-class partner such as Visa allows us to not only scale our card program but to do even more to drive financial inclusivity to millions.”
The announcement of the strategic partnership with Visa represents another step in Chipper meeting its mission to provide the most trusted and reliable financial services to people living in Africa and beyond. It also comes just two months after Chipper announced the launch of Chipper ID, the AI-driven verification and onboarding tool built specifically for the African continent.
About Chipper Cash
Chipper Cash is a financial technology company serving more than five million customers across the African continent. In 2018, Chipper Cash revolutionized moving money in Africa by providing a frictionless way to send and receive money cross-border. Since then, Chipper has increased its product suite by offering personal investments and digital business transactions, and expanded its reach into the US. Led by co-founders Ham Serunjogi and Maijid Moujaled, Chipper Cash is focused on its mission to provide the most trusted and accessible financial services for people living in Africa and beyond www.chippercash.com.