Chipper Cash’s triumphant entry into the US and the promise to chip away at the cost of sending money to Africa By opening in more of Africa’s large sources of remittances, Chipper Cash’s send-money-home-for-free promise, at a time when the world is hard-pressed by the Covid-19 pandemic leading to declining remittances to the African continent, is just-in time as a replacement for value lost from the declining value of transactions.

Chipper Cash, one of Africa’s fastest growing fintechs this October launched in the United States of America, one of Africa’s largest sources of remittances, with a promise to make sending money back home easier, affordable and more convenient. The news should be a relief to millions of African households who rely on these remittances for all sorts of needs — for the case of Uganda, ranging healthcare, education, social function, general household expenses as well as building, financing business, land purchase and even farming. But for years, an average of about 8.7% of the transaction value has been lost in…