Alviere, the leading embedded finance platform provider has announced that Onafriq, Africa’s largest digital payments network, has chosen Alviere to enable payments and remittances from the United States to Africa.
Onafriq connects various payment schemes with more than 500 million mobile wallets, over 200 million bank accounts, and 400 thousand small medium businesses in its network across Africa’s fast-growing yet fragmented payments ecosystem.
Why This Matters
Cross-border payments are a critical lifeline for many African families and merchants, and Onafriq has made enabling financial access across borders a core part of the company mission.
According to the World Bank, remittance flows to sub-Saharan Africa alone reached $53 billion in 2022, demonstrating the persistent role of immigrants in the financial well-being of friends and family living in their home countries.
Digging Deeper
Onafriq will leverage the Alviere HIVE platform and regulatory framework for processing payments originating from the U.S. and its territories in strict compliance with Anti-Money Laundering (AML), sanctions, and fraud standards for U.S. financial institutions.
What They’re Saying
“We are proud to be a key part of the global effort to make sending a cross border payment as easy and as simple as making a phone call,” says Dare Okoudjou, the founder and CEO of Onafriq.
“With Alviere’s technology and regulatory coverage, and our extensive footprint across the continent, we will enable fast and secure remittances while facilitating financial access and economic prosperity for Africans.”
Alviere co-founder and CEO, Pedro Silva, adds, “Onafriq is uniquely positioned to be a global leader in fintech, revolutionizing cross-border payments throughout the African diaspora. We’re proud to be partnering with Dare and his team, our joint focus is to enhance financial access for all people regardless of borders, history, or current means. Together, Onafriq and Alviere will enable a variety of efficient, competitive payment options for millions of consumers.
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