Africa’s largest payments provider, Flutterwave, has teamed up with Polygon Labs to overhaul cross-border payments across the continent. The partnership integrates Polygon’s blockchain as the foundation for Flutterwave’s new stablecoin-based payment system, promising faster and cheaper international transfers.
The initiative will first serve multinational companies including Uber and Audiomack before expanding to consumer remittances via the Flutterwave Send App in 2026. With fees for African cross-border payments averaging over 8%, the move marks a major step toward efficiency and financial inclusion.
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Flutterwave CEO Olugbenga Agboola said the collaboration “makes international payments even simpler and more affordable than many local ones.” The announcement aligns Flutterwave with global fintech leaders like PayPal and Western Union, which are also adopting stablecoins for international settlements.
