Paychant – Powering Africa's Fiat-to-Crypto Gateway

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September 13, 2023
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2 min read

Paychant, Africa's fiat-to-crypto on and off-ramp solution, serves as the bridge that connects Africa's traditional finance and digital assets. In less than 6 months since its launch, it's processing over twenty thousand transactions monthly, eliminating the complexity for people in Africa to onboard into digital currency.

Over the years, people in Africa have shown a great interest in digital assets mostly because of their benefit of hedging against currency inflation and transferring money cheaply. However, the complexity of acquiring crypto assets has been an obstacle for many users in Africa, and this has made it extremely difficult for digital wallets and dApps to onboard mainstream users in Africa. 6 months ago, we launched the Paychant ramp solution to offer a simple yet intuitive platform for people in Africa to transition from fiat currency into digital currency right inside any digital wallet or dApps of their choice.

Paychant prides itself as Africa's first and leading fiat-to-crypto on and off-ramp solution and remains committed to making digital currency accessible to a wider audience in Africa. We have partnered with digital wallets like Cenoa, Hurupay, and Flooz, acting as their fiat-to-crypto on and off-ramp providers in Africa and experiencing 100% month-on-month growth in both user base and transaction volume.

"Our ramp solution mainly focuses on Africa, supporting a wider range of local payment methods, allowing users to seamlessly buy and sell crypto with local bank transfer and mobile money, which are the most recognized and preferred methods of payment on the continent." The founders explained.

"Wallets and dApps looking to enter the African market can now take advantage of Paychant's localized payment infrastructure, which offers low fees, reduced friction, and lower minimum crypto purchases. Our fiat on-and-off ramp customizable widget can be embedded directly into any wallet, dApp, DEX, or NFT platform with just a few lines of code. Paychant handles the compliance, and the entire fiat and crypto flow, so wallet providers can focus on their main business."

  Support for Multichain

Paychant supports 45+ crypto assets on major blockchain networks like Ethereum, Celo, Polygon, Binance, Solana, Tron, Cardano, Bitcoin Cash, Ripple, Litecoin, and the Bitcoin network.

  Our Coverage

Our service is available in most of the biggest crypto markets in Africa, supporting all local payment methods for on-ramp and off-ramp in each of these regions.

  1. Nigeria
  2. Ghana
  3. Kenya
  4. Uganda
  5. Zambia

Wallet and dApp that integrates Paychant will enable their users in these regions to buy and sell 45+ crypto via the listed local payment method:

  • Safaricom M-PESA
  • MTN Mobile Money (MoMo)
  • AirtelTigo
  • Vodafone cash
  • Zamtel
  • Airtel money
  • Bank transfer
  • Orange Money

Our mission is to connect Africa's traditional finance and the decentralized finance world, giving the people in Africa equal access to the financial benefits and opportunities of Web3.

We are very excited about the future of Web3, and we are ready to make crypto onboarding easy for the next billion users in Africa.

If you are interested in integrating our fiat on/off ramp into your app, please reach out to us here, and we will get back to you as soon as we can.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email [email protected]

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].

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