Chippercash has today officially announced the ability of its Ugandan users to buy and sell stocks of U.S companies. Ham Serunjogi, the company CEO made the announcement today at their Unlocking Global Investment event. You can buy fractional shares from over 100+ publicly traded U.S companies including Netflix, Apple, Alphabet, Microsoft, Tesla, Intel, Walt Disney, Walmart, Visa, Paypal and much more.
To start trading, you’ll need to download the Chippercash app on Google Play store and Apple App store. Then sign up for an account, add money to your wallet using either Mobile money for East African users and Bank in Nigeria. You can then buy stocks for as low as $1 (Ugx 3500) from any of the listed companies. This feature is limited to Ugandan users for now.
Chipper has worked with the Capital Markets Authority and Bank of Uganda to launch the product. They also got the PSP and PSO license from the Bank of Uganda. I actually tried it out by buying some Tesla stocks in the video below;
Stock trading joins Airtime and data purchase, Peer-to-Peer money transfers across Africa, Crypto trading, Virtual Visa Cards among some of Chippercash services.
