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Centi and Minit Money Remittance Service Now Live in Eight African Countries'
Centi Enables Instant, Low-Cost Transfers to African Mobile Wallets
Zürich, Switzerland, 30 January 2025 – Switzerland is among the world’s largest remittance-sending countries, with more than $30 billion transferred abroad annually. A significant share of this goes to Africa, where recipients often face high fees, poor exchange rates, and slow processing times.
Swiss fintech Centi has introduced a new remittance service that uses Swiss bank-backed stablecoins to facilitate instant, low-cost transfers from Switzerland to Africa. In partnership with Minit Money, Centi enables direct payouts to millions of mobile money users and bank accounts.
Key Figures
* Up to 30% more money received compared to traditional remittance services
* Up to 85% lower costs – sending CHF 100 costs as little as CHF 2
* Direct payouts to 45+ banks and mobile wallets such as MTN and Airtel
* Live in eight countries: Kenya, Nigeria, Uganda, Senegal, Ivory Coast, Cameroon, Benin, and Zambia
* Fully digital but accessible to the unbanked – the Centi app can be topped up with cash
A Digital-First but Inclusive Approach
“Traditional remittance services often charge $15 to send $100. With Centi, the cost is around $2. These savings directly translate into family and friends helping each other more efficiently, often in situations of need. Our all-digital flow, which still allows physical cash to be remitted, is unique in accessibility and inclusivity. Even people without access to banking can access the digital economy through Centi” says Bernhard Müller, CEO of Centi.
https://t.co/LMDtJHtZkz
🚀 World’s 1st truly stable stablecoin on Bitcoin! Banking without barriers.
ID-free wallets, merchant solutions & biz opps.
Set your reminder & join live!
@ChCenti@369bsv@therebelpath@BernhardBitcoin
Feb 26, 2025 ⏰ 9AM PST / 5PM UK"
https://t.co/WL4wTvCHJk
Join us at London Blockchain (@LDN_Blockchain) to learn more about how Centi App intends to empower unbanked and underbanked persons and more. Thank you @RebeccaLiggero for this write-up about @ChCenti!
https://t.co/efZl2cfE1T
🚀Announcing a new plugin by https://t.co/Yp4yC88WW8 🚀
Explore transactions through inputs and outputs visually. 🎊Try with any transaction on WhatsOnChain!
Example: https://t.co/zclNiEvvFZ
This is another great example of the developer community helping enhance the experience through our plugin platform 🍻
Have your own ideas? Go to https://t.co/UyQQFCjiul to learn more and build your own ⚙️🔧
Who knew small change could make big waves?
@BernhardBitcoin introduces the @ChCenti Swiss Franc Stablecoin. Enabling transactions for even the smallest amounts, making it a win-win for creators and consumers alike.
#micropayments#Centi#blockchain
Check out my latest article: Centi to enable payments for unbanked and micropayments at London Blockchain Conference 2024 https://t.co/qQB8AIP5tX via @LinkedIn@ChCenti@RealCoinGeek@BernhardBitcoin
Snapshots from our recent visit to the charming shop 'The House of Taste' in Örebro, Sweden, where we found the exquisite Italian olive oil from our customer Francesco Pepe. Each bottle features a QR code on the back, linking directly to the UNISOT Digital Product Passport.
#ai
@ct317043087@ChCenti Yes should be soon. If you want to switch back to CHF just drop us an email to [email protected]. But it should not be long any more... but as you know from us, we usually announce stuff when it is here...
@ChCenti launched its new exchange module today. Much easier to add new on- and off-ramps. In order to celebrate we just added EUR for Bank and EUR CreditCard payments. 🎉
Next step: Fiat bank payouts and digital cash to digital cash exchanges... Try it out in the Centi App!