Chimoney, Interledger Partner On Digital Payment Innovation

Chimoney, a Techstars-backed fintech company specializing in global payout solutions and payment infrastructure and API, has announced an expanded strategic partnership with the Interledger Foundation (ILF).

This collaboration is set to transform digital payments by integrating Interledger Protocol (ILP) technology into Chimoney’s platform, thereby enhancing the functionalities of Chimoney’s Multi-currency Wallets to better serve users across Africa and beyond.

The integration of Interledger Protocol (ILP) into Chimoney Wallets will introduce advanced features such as Interledger Payment Pointers, ensuring secure, fast, and compliant transactions for users. Additionally, Chimoney Wallets will support seamless Peer-to-Peer (P2P) transfers, enabling instant and effortless money transfers for users.

This upgrade also enhances Chimoney’s capabilities for global cross-border payments, allowing businesses and individuals to send and receive money easily in over 130 countries.

“Integrating ILP into our platform goes beyond enhancing digital payment capabilities; it represents a commitment to setting new standards for financial inclusion and digital innovation,” said Uchi Uchibeke, CEO of Chimoney. “This partnership with the Interledger Foundation aligns with our mission to create a more inclusive and efficient financial ecosystem that benefits users worldwide.”

As digital payment adoption continues to rise globally, Chimoney is committed to delivering solutions that meet the needs of a dynamic and interconnected global economy. The collaboration with ILF solidifies its position as a leader in the fintech industry, driving forward digital payment innovation and financial accessibility.