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Pan African payment solutions company, Chipper Cash, says it is closing on a deal to acquire Zoona, an agent-based financial services company operating in Zambia. The acquisition, subject to deal closure and relevant approvals, is part of Chipper’s drive to expand across the continent while also being seen as an opportunity to improve payment and remittance services. The two companies also complement each other’s shared products such as API, disbursements, and transfer solutions. “Bringing these companies together under the Chipper umbrella will mean we can open up even more borders, bringing quality financial services to life in more countries and connecting more people across the continent,” said Laura Kennedy, VP of Corporate Development at Chipper Cash. Currently, Chipper operates in 6 countries: Ghana Nigeria Uganda South Africa UK US Chipper highlighted Zoona’s agent network whereby over 600 outlets are offering financial services across Zambia. Through the acquisition, Chipper Cash will broaden its suite of products to include additional online services and an agent network in order to accelerate its growth across the continent. Chipper also highlighted Zoona’s Tilt service which enables payments and transfers to any bank or mobile money provider in Zambia via any cash or digital channel, plus a network of more than 450 interoperable agents. “Zoona, together with the highly respected Tilt brand, offers incredible innovation, a great partner network, complementary products and services, and talented in-country teams.” – Chipper Cash Founded in 2008, Zoona holds a Payments Service Business License from the Bank of Zambia, and to date, has processed funds totaling more than $3 billion in value. “Working together, we can combine our expertise to connect consumers and businesses across the continent, positioning ourselves as the first choice provider for financial services for the people of Africa,” said Brett Magrath, Co-founder and CEO of Zoona This would be the first major acquisition by Chipper since its establishment in 2018.
#CryptocurrencySecurity# A very timely reminder! *Cryptocurrency Security Risks* 1. *Hacking*: Exchanges, wallets, and individual accounts are vulnerable to hacking. 2. *Phishing Scams*: Fraudulent emails, texts, or messages tricking investors into revealing sensitive information. 3. *Malware*: Malicious software compromising devices and stealing sensitive data. 4. *Ponzi Schemes*: Investment scams promising unusually high returns, often with fake or misleading information. *Enhancing Security Awareness* 1. *Education*: Stay informed about cryptocurrency security best practices and emerging threats. 2. *Verify Information*: Be cautious of unsolicited messages or emails, and verify information through official channels. 3. *Use Strong Passwords*: Create unique, complex passwords for all accounts, and consider using password managers. 4. *Enable 2FA*: Activate two-factor authentication (2FA) whenever possible to add an extra layer of security. *Protective Measures* 1. *Secure Wallets*: Use reputable, hardware-based wallets to store cryptocurrencies. 2. *Reputable Exchanges*: Choose well-established, security-conscious exchanges for trading. 3. *Regular Updates*: Keep software, firmware, and operating systems up-to-date to ensure you have the latest security patches. 4. *Monitoring*: Regularly monitor accounts and transactions for suspicious activity. Remember, security is a shared responsibility. Stay vigilant, take proactive measures, and contribute to a safer cryptocurrency ecosystem. Do you have any specific security concerns or questions?