Chimoney, a Techstars-backed fintech company based in Toronto, has announced the expansion of its partnership with the Interledger Foundation (ILF), a move aimed at promoting financial inclusion across Africa and other emerging markets. Through this collaboration, Chimoney is leveraging the Interledger Protocol (ILP) to bring secure, compliant, and easily accessible digital financial services to users on its Chimoney Wallets platform.
By integrating ILP, Chimoney Wallets will efficiently support Interledger Payment Pointers, providing users with a seamless and secure way to handle transactions. This will also enable instant Peer-to-Peer (P2P) transfers, making it easier for users to send and receive money without delays or complexities. The partnership also enhances Chimoney’s cross-border payment infrastructure, allowing for smooth money transfers across more than 130 countries.
“We are committed to empowering users in Africa and beyond with secure financial services,” said Uchi Uchibeke, CEO of Chimoney. “The integration of Interledger’s technology into our platform is not just a technical improvement—it’s about increasing financial access and empowerment in regions that need it most.”
Chimoney’s mission is to bridge the gap between traditional banking systems and the digital economy. This partnership with ILF ensures that Chimoney can provide businesses and individuals with access to global financial networks, contributing to economic development in underserved regions.
For more information read our blog here: Chimoney & Interledger: Expanding Global Financial Access
About Chimoney:
Chimoney is a Techstars-backed fintech company providing global payout solutions and payment infrastructure with multicurrency wallets. Through its innovative platform, Chimoney empowers businesses and startups by offering an API for secure and efficient cross-border transactions.
Visit Chimoney at: Chimoney.io
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.
Learn more at: www.interledger.org
For media inquiries, please contact:
Faheed A
team@chimoney.io
+1 (647) 360-4979
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