A Strategic Alliance for Financial Innovation
MANSA, a decentralized finance (DeFi) platform specializing in cross-border payments and trade financing, has announced a groundbreaking partnership with blockchain payment platform Bitmama. This collaboration aims to revolutionize cross-border payment accessibility across Africa by addressing the persistent liquidity challenges that have long hindered the region's financial efficiency.
The Liquidity Challenge: A Barrier to Innovation
One of the significant hurdles facing African payment companies is the difficulty in maintaining pre-funded accounts across multiple countries. Limited capital often forces these companies to operate with restricted liquidity, which stifles innovation and creates substantial gaps in payment systems. Bitmama, which operates in 18 countries, including key markets like Nigeria, Ghana, and Kenya, has developed a robust platform for cross-border settlements. However, the effectiveness of this platform is contingent upon having sufficient liquidity in each serviced country.
Partnership Goals: Expanding Payment Capabilities
Through this strategic partnership, MANSA will step in to provide the critical liquidity needed to pre-fund accounts in the various countries where Bitmama operates. This move will significantly expand Bitmama’s payment capabilities and enhance the efficiency of cross-border business trade across the continent.
Leadership Insight: Bridging the Liquidity Gap
Mouloukou Sanoh, CEO and Co-Founder of MANSA, emphasized the importance of this partnership, stating, “By providing the liquidity needed to pre-fund accounts, we’re enabling individuals and businesses to benefit from enhanced cross-border payment services. This partnership aligns with MANSA’s mission to address the liquidity gap that hampers entrepreneurs and businesses across Africa.”
Driving Financial Inclusion in Emerging Markets
Launched in 2023, MANSA is dedicated to closing the funding gap in emerging markets. The platform focuses on offering liquidity solutions that foster growth and financial inclusion. Since its inception, MANSA has rapidly expanded its influence, collaborating with major liquidity providers within the DeFi ecosystem to ensure comprehensive support for its initiatives.
From P2P Exchange to Payment Powerhouse
Founded in 2017, Bitmama began as a peer-to-peer digital currency exchange. Over the years, it has evolved into a leading payment platform in Africa, enabling users to conduct transactions using virtual cards, trade cryptocurrencies, and manage daily transactions with stablecoins. With operations spanning 18 countries, Bitmama is at the forefront of promoting practical applications for digital currencies in both Web2 and Web3 environments.
Transforming Africa’s Financial Landscape
The collaboration between MANSA and Bitmama is set to enhance the efficiency and reliability of cross-border payments in Africa. By tackling the liquidity challenges that have historically impeded the operations of payment companies, this partnership is poised to contribute significantly to greater financial inclusion and economic growth across the continent.
Paving the Way for Economic Growth
As MANSA and Bitmama join forces, their partnership marks a crucial step towards transforming the financial landscape in Africa. By bridging liquidity gaps and improving cross-border payment systems, they are not only facilitating smoother transactions but also laying the groundwork for sustained economic development and broader access to financial services throughout the region.
