MANSA Partners with Bitmama to Enhance Cross-border Payments in Africa

MANSA, a decentralized finance (DeFi) platform specializing in cross-border payments and trade financing, has partnered with blockchain payment platform Bitmama to improve cross-border payment accessibility across Africa. This collaboration addresses the liquidity challenges that have hindered the efficiency of cross-border payments in the region.

African payment companies often struggle with maintaining pre-funded accounts across multiple countries due to limited capital, which restricts innovation and creates a liquidity gap. Bitmama, operating in 18 countries, including Nigeria, Ghana, and Kenya, has developed a platform for cross-border settlements but requires sufficient liquidity in each serviced country.

Through this partnership, MANSA will provide the necessary liquidity to pre-fund accounts in these countries, expanding payment capabilities and supporting cross-border business trade.

Mouloukou Sanoh, CEO and Co-Founder of MANSA, highlighted the significance of the 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.”

Launched in 2023, MANSA aims to close the funding gap in emerging markets by offering liquidity solutions that support growth and financial inclusion. The platform has quickly expanded its reach, working with major liquidity providers in the DeFi ecosystem.

Bitmama, founded in 2017, began as a P2P digital currency exchange and has since grown into a leading payment platform in Africa. It enables users to transact using virtual cards, trade cryptocurrencies, and perform daily transactions with stablecoins. Bitmama operates across 18 countries, promoting real-life use cases for digital currencies in both Web2 and Web3 environments.

This partnership between MANSA and Bitmama aims to enhance the efficiency and reliability of cross-border payments in Africa by addressing the liquidity challenges faced by payment companies, ultimately contributing to greater financial inclusion and economic growth across the continent.