How is Chimoney Revolutionizing Cross-Border Payments?

Welcome to the CanadianSME Small Business Podcast, hosted by Maheen, where we explore innovations driving the future of finance and entrepreneurship in Canada and globally. Today, we’re diving into the world of payment technology, cross-border transactions, and financial inclusion, with a focus on how seamless money movement is crucial for businesses and individuals in an interconnected world.

Joining us today is Uchi Uchibeke, Founder & CEO of Chimoney, a Toronto-based payment tech company revolutionizing cross-border payouts through its APIs and platform. We’ll discuss financial inclusion, the evolving landscape of cross-border payments, and the transformative role of AI in the future of work, money movement, and ID verification.

Key Highlights:

1. Financial Inclusion and Chimoney's Origin Story: Uchi will share how his personal experience of losing money due to currency exchange and payment services when he moved to Canada inspired his journey in financial inclusion and payments. He’ll explain the problem Chimoney was founded to solve.

2. Big Barriers to Financial Inclusion: Uchi will discuss some of the biggest barriers to financial inclusion today, both in Canada and emerging markets, and how Chimoney’s approach is designed to break down these barriers.

3. Cross-Border Payments in Canada and Beyond: Uchi will highlight the opportunities unlocked by increasing global mobility, especially in Canada, and how Chimoney is uniquely positioned to serve this growing need.

4. Recent Accomplishments: Uchi will talk about the Chimoney App launch and securing funding from the Interledger Foundation, and how these accomplishments are enhancing Chimoney's ability to simplify global payments with just an email or phone number.

5. AI for the Future of Work, Money Movement, and ID Verification: Uchi will discuss the role of AI in money movement and ID verification, and how Chimoney is leveraging these technologies to improve security, prevent fraud, and maintain user trust.

Special Thanks to Our Partners:

• RBC: https://www.rbcroyalbank.com/dms/business/accounts/beyond-banking/index.html
• UPS: https://solutions.ups.com/ca-beunstoppable.html?WT.mc_id=BUSMEWA
• Google: https://www.google.ca/
• A1 Global College: https://a1globalcollege.ca/
• ADP Canada: https://www.adp.ca/en.aspx

For more expert insights, visit www.canadiansme.ca and subscribe to the CanadianSME Small Business Magazine. Stay innovative, stay informed, and thrive in the digital age!

Disclaimer: The information shared in this podcast is for general informational purposes only and should not be considered as direct financial or business advice. Always consult with a qualified professional for advice specific to your situation.