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New Onafriq-powered feature connects cards and mobile wallets, expanding how Ghanaians move their money

8Aug

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Technology

New Onafriq-powered feature connects cards and mobile wallets, expanding how Ghanaians move their money

Onafriq, Africa’s largest digital payments network, has introduced a feature in Ghana that enables seamless card-to-wallet and wallet-to-card transfers - giving users more flexibility in how they access, move, and use their money. This functionality allows customers to transfer funds directly between their prepaid cards and mobile money wallets, regardless of which they use as their primary store of value. Whether topping up a card from a wallet or cashing out from card to wallet, the service gives users full control over how they manage their funds across platforms.Currently enabled through Onafriq’s partnerships with First Atlantic Bank (FAB), and Agricultural Development Bank (ADB), this feature reflects a broader trend in African payments: bridging the gap betwee...

Onafriq Partners with PAPSS to Launch Cross-Border Payment Services in Ghana

Onafriq, in collaboration with the Pan-African Payment and Settlement System (PAPSS), announced the launch of a new cross-border payment service that will initially pilot outbound transactions in Ghana. This launch operationalises the partnership established in 2022, aimed at promoting intra-African cross-border trade and enhancing financial inclusion. The service improves financial interoperability by making transactions faster, more convenient, and cost-effective for small and medium-sized enterprises (SMEs) and individuals. Effective immediately, banks partnering with PAPSS and Onafriq’s authorised fintech, mobile money service providers and traditional partners in Ghana can enable their customers to send and receive money directly into mobile wallets and bank accounts. This pioneeri...

Onafriq Partners with Circle to power remittances and cross-border payments with USDC

Onafriq, Africa’s largest payments gateway, and Circle, stablecoin market leader and issuer of USDC, today announced their strategic partnership aimed at transforming cross-border payments and digital financial services. This collaboration marks a significant step towards compliantly leveraging stablecoins and blockchain infrastructure to boost Onafriq’s payment network, positioning it at the forefront of the digital payment’s revolution for real-world financial applications. Currently, over 80 percent of intra-African payments are routed through correspondent banks outside the continent and settled in foreign currencies such as the US dollar or Euro. This results in a staggering US$5 billion in transaction fees annually and undermines economic integration efforts. Onafriq and Circle ar...