Announcing our partnership with Orange

Announcing our partnership with Orange

Introduction: The Challenge and The Solution

The financial landscape between Nigeria and South Africa, two of Africa's economic powerhouses, has long been hampered by slow, expensive, and complex cross-border payments. Traditional methods often take days, involve high intermediary bank fees, and suffer from unpredictable currency conversion rates.

Mavapay is proud to announce a strategic partnership with the innovative fintech Orange, deploying a groundbreaking payment rail that delivers real-time transactions between Nigeria and South Africa by leveraging the lightning network. This collaboration is set to revolutionize remittances and commerce, providing a vital, efficient, and affordable financial bridge for businesses and individuals alike.

The Technology Advantage: The Lightning Network

The secret to achieving both real-time speed and ultra-low cost lies in our use of the Bitcoin Lightning Network (LN).

The Lightning Network is a "Layer-2" protocol that operates on top of the Bitcoin blockchain. It is specifically designed to solve the two biggest challenges of traditional digital currency transfers: speed and cost.

Feature

Traditional Methods

Lightning Network

Transaction Speed

Hours to Days

Near-Instantaneous (Seconds)

Transaction Fees

Often 5% to 10% or more

Less than 1%

Process

Multiple intermediaries (SWIFT, correspondent banks)

Decentralized, direct peer-to-peer routing

Mavapay and Orange are utilizing the most scalable and low-cost payment technology available globally to solve one of Africa's most persistent financial challenges.

The partnership between Mavapay and Orange is more than a technical integration; it is a commitment to building a frictionless, affordable, and instant financial future for Africa. By combining trusted infrastructure with cutting-edge blockchain technology, we are turning the dream of real-time, low-cost payments between Nigeria and South Africa into a reality, setting a new benchmark for cross-border transactions across the continent.

Mavapay: https://mavapay.co/

Orange: www.useorange.com