May 20, 2024

FINTECH MAGAZINE AFRICA

Fintech eyes in africa

Chapa and Telegram Revolutionising Digital Payments in Ethiopia

2 min read

Chapa, the leading payment solution provider in Ethiopia, has announced a groundbreaking partnership with Telegram, one of the world’s most popular messaging apps. This collaboration aims to revolutionize financial inclusion and digital payments in Ethiopia by empowering merchants to accept payments seamlessly through Telegram.

With Telegram boasting over 500 million active users worldwide, it has become a trusted platform for communication, even surpassing other popular messenger apps like Facebook Messenger, WhatsApp, and IMO in Ethiopia.

Utilizing Telegram’s immense popularity, hundreds of thousands of businesses have successfully been selling their products through Telegram channels and groups.

Thanks to Chapa’s integration with Telegram’s bot ecosystem, merchants can now accept payments without their customers having to leave the app. Whether through mobile money, bank transfers, or debit/credit cards, Chapa enables instant payments, providing unparalleled convenience and accessibility.

This partnership represents a significant milestone in the world of e-commerce, benefiting both businesses and consumers alike.

Israel Goytom, CTO and Co-founder of Chapa, expressed his honor at representing Ethiopia as the exclusive Telegram payment provider in Africa. He highlighted the accomplishment as a testament to Ethiopia’s emerging fintech sector and their dedication to driving financial technology advancements within the region.

Bot developers can easily integrate Bot Payments into any e-commerce platform by accessing Telegram’s open platform and available APIs. This integration opens up exciting opportunities for merchants, allowing them to accept payments through any bot-powered platform.

Chapa’s mission is to empower Ethiopian businesses to expand their reach in the global market, and this partnership with Telegram takes them one step closer to achieving that goal. They aim to revolutionize how users interact with businesses, providing a seamless experience that combines messaging and payments.

Imagine the convenience of ordering a pair of shoes and paying for them through a simple chatbot. With Telegram enabling payments within the messaging platform, the possibilities are endless. Chapa and Telegram are excited to bring this transformational experience to Ethiopian users, enhancing their daily lives and unlocking new avenues for growth.

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