• Stable and Chipper Cash announced a collaboration to integrate StableChain into Chipper’s platform, aiming to enhance cross-border digital asset payments across Africa.

• With Africa receiving $96.4 billion in remittances in 2024 and facing high transaction costs (8.2% in Q1 2025), the partnership targets a pressing need for faster, cheaper financial services.

• Stablecoins made up 43% of digital asset transactions in Sub-Saharan Africa in 2024, with flows reaching 6.7% of the continent’s GDP—highlighting strong momentum for blockchain-based financial tools

Stable, a blockchain network focused on stablecoin transactions, has entered into a partnership with Chipper Cash, a pan-African financial technology company. Announced on December 10, the collaboration aims to integrate Stable’s blockchain infrastructure, StableChain, into Chipper Cash’s platform to support digital asset payments across the continent.

According to Chipper Cash CEO Ham Serunjogi, the integration is intended to enhance the company’s cross-border payment capabilities. “By integrating Stable’s institutional-grade blockchain built for stablecoins, we are further enhancing our payment offerings and empowering our customers with greater access to global funds,” Serunjogi said in a statement.

The partnership is expected to streamline international money transfers by reducing transaction times and costs. Chipper Cash plans to utilize Stable’s blockchain rails to enable users to send and receive funds globally, potentially improving access to financial services in underserved markets.

In 2024, the continent received an estimated $96.4 billion in remittances, according to RemitScope, which cited World Bank data. However, the region continues to face some of the highest remittance costs globally, with average fees reaching 8.2% in the first quarter of 2025—well above the United Nations Sustainable Development Goal target of 3%.

Amid these challenges, stablecoins have emerged as a compelling alternative. Adoption has accelerated in Sub-Saharan Africa, where such assets accounted for 43% of all digital asset transactions in 2024, according to a report by Chainalysis. The International Monetary Fund also reported that stablecoin flows in Africa reached 6.7% of the continent’s GDP in 2024. Analysts attribute this growth to practical use cases such as hedging against currency volatility, facilitating remittances, and enabling cross-border business payments.

The partnership between Stable and Chipper Cash underscores broader shifts in Africa’s evolving financial landscape, where digital assets are increasingly embraced as instruments of financial inclusion and efficiency. This collaboration positions both companies to capitalize on the continent’s fast-growing digital payments ecosystem.

Hikmatu Bilali