Flutterwave, Africa’s leading payments technology company, has announced that its foreign currency exchange solution, Swap, is now available on the Send App.
With this integration, Nigerians can seamlessly convert and transfer Naira (NGN) to US Dollars (USD), British Pounds (GBP), and Euros (EUR), with plans to introduce more currencies in the future.
The service offers secure and instant access to foreign exchange at competitive rates.
Swap, which is backed by the Central Bank of Nigeria (CBN), operates through a partnership with Kadavra BDC and Wema Bank, providing a licensed digital FX solution for outbound international payments.
The service caters to various needs, such as parents sending money to children studying abroad or individuals supporting loved ones with emergency expenses or medical bills overseas.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, highlighted the significance of this expansion:
“We are incredibly excited to bring Swap to Send App, as it marks a major step forward for Nigerian businesses and individuals. Our mission at Flutterwave has always been to simplify payments for endless possibilities. With this update, Nigerians can now engage more easily in the global economy, sending money across borders with confidence.”
The launch of Swap on Send App comes at a time when Nigerians and businesses are struggling with limited access to foreign exchange, which has hindered international transactions, investments, and cross-border financial activities. This move aims to bridge that gap, promoting macroeconomic growth and financial inclusion.
Temiloluwa Adesina, Senior Product Manager for Swap, reaffirmed Flutterwave’s commitment to providing practical solutions:
“We understand the unique challenges our customers face, and we are dedicated to exceeding their expectations. Making Swap accessible on Send App reinforces our commitment to supporting African customers worldwide, ensuring they have the right tools to thrive in a global economy.”
With this latest development, Flutterwave continues to strengthen its role in facilitating seamless and efficient international payments for individuals and businesses alike.
