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CHIPS

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Mobile payment platform enabling instant funds access and transactions.

Overview

CHIPS functions as a Merchant Service Provider, offering a mobile payment platform and the CHIPS Money Manager app designed to provide users with immediate access to funds. The company targets consumers in the Southern African region and seeks to address the limitations of traditional bank transfers by implementing cost-free saving mechanisms and efficient payment methods. Users can send money, withdraw cash from Nedbank ATMs, and make purchases at Shoprite/Checkers stores without incurring additional fees. CHIPS collaborates with Omnea (Pty) Ltd and receives support from the XEA Capital Group, with the objective of facilitating safe and visible transactions while promoting financial inclusivity.

Key facts

Founded
2016
Sector
Payments

Business model

Contact

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About CHIPS

What does CHIPS do?

CHIPS functions as a Merchant Service Provider, offering a mobile payment platform and the CHIPS Money Manager app designed to provide users with immediate access to funds.

Where is CHIPS headquartered?

CHIPS is headquartered in Unterageri, Switzerland.

When was CHIPS founded?

CHIPS was founded in 2016.

Which sector is CHIPS in?

CHIPS operates in Payments, part of Financial Technology.

Who are CHIPS's competitors?

Companies similar to CHIPS include Silicon Silk, LibrePago, and Quero 2 Pay.