VALR and Onafriq Enable Crypto Funding via Mobile Money Across Africa

VALR has partnered with Onafriq to introduce direct local currency funding for crypto users across Africa. Marking a major step toward financial inclusion.

The integration allows users to deposit funds using mobile money—bypassing traditional banking barriers—and is expected to reach nearly 1 billion mobile wallets across 43 markets. This move gives over 1.7 million VALR users easier access to digital assets like Bitcoin, stablecoins, and tokenized gold through familiar, mobile-first payment systems.

The partnership leverages stablecoin-based settlement to ensure faster and more efficient transactions, converting local currencies into digital assets seamlessly. With mobile money already contributing around $190 billion to Africa’s GDP and dominating everyday transactions in key markets. The initiative highlights a powerful trend: crypto adoption is accelerating not through banks, but through mobile infrastructure. As a result, this collaboration could unlock broader participation in global financial markets for millions across the continent.

Clever Robot News Desk 12^th April 2025