CITIZENS COMPASS–Global payments have long been plagued by inefficiency and delays—but Uchi Uchibeke is changing the game with Chimoney. Based in Toronto and backed by Techstars, Chimoney is delivering a platform that can reduce the time it takes to launch cross-border payment solutions from six months to just four weeks.
The new partnership with the Interledger Foundation brings even more power to the platform, enabling secure, compliant Peer-to-Peer (P2P) transfers and cross-border transactions to over 130 countries. For U.S., Canadian, and European companies seeking to expand into emerging markets like Africa, Chimoney provides an easy-to-integrate solution that simplifies every aspect of the payment process, from collections to disbursement to multicurrency wallets.
“Our focus has always been to make global payments as easy as sending a text,” says Uchi Uchibeke. “Businesses shouldn’t be restricted by where they are. With Chimoney, we’re giving them the tools to grow globally, whether they’re collecting payments in the U.S. or disbursing funds to African banks or mobile money networks.”
This partnership is a testament to the Chimoney’s commitment to bridging financial rails, offering everything from multi-currency wallets to global payouts, in one easy-to-deploy API. Discover more about how Chimoney can transform your global payment processes by visiting it’s official website.
About Chimoney:
It provides innovative fintech solutions, including multicurrency wallets and global payment infrastructure, designed to support businesses in expanding their cross-border payment operations across borders.
About Interledger Foundation
Interledger Foundation is an organization building and advocating for an open, interoperable payment network where transactions are not limited to a particular bank, mobile money provider, or location. The organization works to increase access to digital financial services for the 1.4 billion people worldwide who are currently excluded from traditional banking systems through the Interledger Protocol (ILP), co-created by early Bitcoin contributor Stefan Thomas. The organization works with partners to integrate its ILP into existing and emerging financial and payment infrastructures. It currently has large-scale projects underway with the Mojaloop Foundation, backed by The Bill and Melinda Gates Foundation, People’s Clearinghouse, Thistaworks, and Chimoney–with plans to deploy interoperability initiatives across countries including Mexico and Jordan.
