VALR and Onafriq Enable Mobile Money Funding for Crypto in Africa
- VALR partners with Onafriq to allow mobile money funding across 43 African markets by 2026.
- Mobile money added $190 billion to GDP in sub-Saharan Africa in 2023.
- Over 1.7 million VALR users can access Bitcoin and tokenized gold via nearly a billion mobile wallets.
- The partnership leverages stablecoin settlements for fast and stable transactions.
- In markets like Kenya, Nigeria, and Ghana, mobile money transactions surpass credit cards and bank transfers.
VALR’s integration with Onafriq aims to bypass traditional banking hurdles, offering financial tools like Bitcoin and tokenized gold to a mobile-first population across Africa. This strategic move is expected to enhance economic participation by providing direct access in local currencies.
With mobile money significantly contributing to the GDP and outperforming traditional payment methods in several African countries, this partnership is poised to expand financial access for millions of users on the continent. (Source)
