Bitmama Collaborates With Mansa To Increase Cross-Border Payments In Africa

Bitmama cooperates with Mansa to increase cross-border payments in Africa (Photo; Doc. play.google)

JAKARTA - In an effort to encourage the ease of cross-border payments in Africa, the Nigerian blockchain platform, Bitmama, has established a strategic partnership with Mansa, a decentralized financial platform (DeFi). This collaboration aims to address liquidity challenges and strengthen financial inclusion, especially in supporting trade between countries on the continent.

This partnership focuses on providing the necessary liquidity for the Bitmama account pre-funding in 18 countries. This step is important to support cross-border payment services, which were previously hampered by the lack of funds available in various countries. With Mansa's help, Bitmama can now facilitate international payments more smoothly and efficiently.

Liquidity gaps have been a major challenge in cross-border payments, particularly for platforms like Bitmama that seek to expand service reach. Previously, limited liquidity in served countries has often hampered innovation and business development. With the solution offered by Mansa, this challenge is expected to be overcome.

Quoted from Bitcoin.com News, Mansa CEO and Co-Founder, Mouloukou Sanoh, stated that this partnership is an important milestone for their company. We provide the liquidity needed for pre-defense accounts, which allows individuals and businesses to enjoy better cross-border payment services," Sanoh said. This is in line with Mansa's mission to close the liquidity gap that hinders business development in Africa and other emerging markets.

As part of this partnership, Mansa will help pre-defense Bitmama's virtual crypto card. This card is designed to facilitate cross-border transactions in countries that fall within the reach of Bitmama. With this crypto card, consumers and businesses in Africa can make payments more quickly and safely, strengthening the flow of trade between countries in the region.

Since last year, Mansa has been actively encouraging financial inclusion in areas experiencing a funding gap. Collaboration with Bitmama is the latest example of their efforts to provide innovative and effective liquidity solutions to overcome financial barriers in Africa.