Telegram Wallet and Ivorypay, a pioneering crypto payment startup operating in Africa, have joined forces in a strategic partnership designed to enhance Peer-to-Peer (P2P) transactions and bolster liquidity for Telegram Wallet users in key African markets such as Uganda, Kenya, Nigeria, Ghana, and South Africa. This collaboration paves the way for expanding these services throughout the African continent, reflecting a common aspiration for increased financial inclusion and technological progress in the region.
Earlier this year, Telegram entered the crypto wallet arena, and this partnership with Ivorypay is poised to significantly improve the convenience and efficiency of P2P transactions for Telegram Wallet users in Africa. As part of this agreement, Ivorypay will provide its on/off ramp infrastructure to facilitate P2P transactions on Wallet by Telegram, ensuring smooth conversions between cryptocurrency and fiat currencies.
Oluwatobi Ajayi, CEO of Ivorypay, expressed his excitement, stating, “The partnership with Telegram Wallet is an exciting development. It not only serves as an endorsement of our technology but also aligns with our mission to simplify and democratize digital transactions across Africa.”
Ivorypay, known for its innovative fintech solutions, has established a presence in Africa’s crypto payment landscape, offering a diverse range of services tailored to both businesses and individuals. Among its offerings is “Mansa,” a mobile crypto payment wallet that exemplifies the company’s commitment to simplifying digital transactions and is set to launch before the end of the year.
Meanwhile, Telegram, one of the world’s largest messaging platforms, will now provide millions of Africans using its platform with access to a wide range of crypto transactions.
This partnership with Ivorypay represents a significant step for Telegram Wallet as it works towards establishing a strong presence in Africa, a market brimming with potential for digital payment solutions. Together, Telegram and Ivorypay are embarking on a journey to redefine the digital payment ecosystem in Africa, one innovation at a time.