Kotani Pay partners with Tokpay, to enable off-ramp services to its users.
We are delighted to announce the partnership between Kotani Pay and Tokpay, a DeFi neo-bank for Sub-Saharan Africa.
We aim to provide off-ramp services to Tokpay through our withdrawal API. Users in Zambia will be able to convert their stored digital assets, loans, and investments in their Tokpay wallet to fiat. They will also be able to convert the fiat back to digital assets using Kotani Pay. Tokpay enables access to uncollateralized loans from traditional finance and DeFi for microfinance.
Kotani Pay welcomes this partnership as it provides a more inclusive banking approach, especially for Africans. DeFi is a disruptive fintech that is linking users to banking services such as loans, savings, investments, and storage of their digital assets.
About the Kotani Pay API
Kotani Pay is a technology stack that enables blockchain protocols, dapps, and fintech companies to integrate seamlessly into local payment channels. We offer affordable last-mile pay-out services to blockchain businesses. We have two products, the withdrawal API that enables companies like Tokpay to off-ramp seamlessly and a USSD solution that enables users to off-ramp using feature phones or smartphones.
Some of our use cases include lending where we connect businesses to our withdrawal API. We also enable UBI beneficiaries to cash out using their phone. With Kotani Pay, you can also send and receive money across borders.
About Tokpay
Tokpay is a DeFi neo-bank for micro-finance and social protection programs. It started as a global payment processor for Sub-Saharan Africa with over 200,000 users transacting $4.5 million. Users get to experience a DeFi-friendly mobile bank, directly invest in high-yield stablecoin contracts offered by a centralized partner or directly on the blockchain, and a simple user interface to manage and track traditional and cryptocurrency accounts to create a credit report — allowing access to credit through fully on-chain services. The users’ accounts act as their banking accounts where they can also store digital assets.
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