Changera, a venture-backed cross-border social payment company, has partnered with MoneyGram and the open-source Stellar network to enable cash-to-crypto deposits and withdrawals for customers worldwide. The integration allows for cash-in services in Canada, Senegal, Uganda, and Kenya, as well as cash-out services using Circle's stablecoin, USDC, at participating MoneyGram locations in over 180 countries. The move expands Changera's reach and provides reduced costs and faster transactions for users. The company processed over N50 trillion in transactions in 2022 and recorded a profit after tax of N1.17 billion, marking a 157.81% increase from the previous year. This collaboration between MoneyGram and an African fintech company outside traditional banking institutions is seen as a significant step towards advancing financial inclusion and empowering individuals in underserved regions of Africa.

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