Prime Business Africa
LUSAKA, Zambia, 4th November 2024 -/African Media Agency (AMA)/- ChitChat, a leading African social commerce platform, today announced the launch of its new remittance feature, which enables seamless cross-border money transfers across 13 countries worldwide. This feature expands the financial services users can access from within a chat conversation and increases the functionality of the multicurrency ChitChat wallet and USD virtual debit card.
ChitChat is a social commerce platform that enables users across Africa to chat with each other over an encrypted platform. Built with security and effortless financial transactions in mind, ChitChat enables users to send instantaneous USD payments to friends and family within chat conversations.
Join our WhatsApp ChannelThe new remittance feature expands the markets from which users can send and receive funds that can be converted to local currency within the app. Users can send money to bank accounts, mobile wallets, and cash agents in several countries. ChitChat aims to provide users with a safe and secure place to chat, transact, send and receive money, and create communities.
For its initial phase, the supported remittance destinations include developed and growing markets like India, Japan, China, the United States, the United Kingdom, Canada, Malaysia, South Africa, Tanzania, Zimbabwe, Zambia, Ghana, and Rwanda.
Remittances are a crucial source of external finance for many African households, with contributions exceeding 20% of GDP in some countries. In 2022, remittances to Africa reached $100 billion, surpassing the combined total of development assistance and FDI into the continent. With this new addition, ChitChat aims to make financial transactions easier for Africans living abroad and domestically as they support family members and conduct business.
“We are thrilled to introduce remittances as the latest offering on the ChitChat platform. This feature allows Africans at home and abroad to send money easily and securely. Whether it’s a bank deposit to the UK, a mobile wallet transfer to Zimbabwe, or a cash payout in Ghana, we aim to provide a smooth and accessible service for all,” said Perseus Mlambo, CEO of ChitChat.
Future updates will include group wallets inside group chats, further establishing ChitChat as the preferred platform and leading homegrown solution for all communication, commerce, and financial services.
Distributed by African Media Agency (AMA) on behalf of ChitChat.
About ChitChat
ChitChat is a versatile social commerce platform that blends messaging, networking, and financial services. Users can connect with others, transfer money seamlessly between wallets, and convert payments in local currencies, making it a comprehensive tool for digital interaction and financial management. The platform offers secure, convenient transactions while fostering a connected community. For more information, visit https://onchitchat.com/
For media inquiries, please contact: [email protected]
The post ChitChat Launches Global Remittances, Expanding Financial Services Features appeared first on African Media Agency.
Source : African Media Agency (AMA)
Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
