Flutterwave, Africa’s leading payments technology company, today announced a collaboration with Xoom, PayPal’s international digital money transfer service, to enable fast transfers into Nigeria, one of the world’s fastest-growing digital economies. The relationship connects Xoom’s global network with Flutterwave’s local payout infrastructure, allowing users globally to send funds directly into Nigerian bank accounts with improved speed and efficiency.
Under this relationship, Xoom transfers are converted by Flutterwave and settled locally in NGN. This helps enable quick transfers directly into recipients’ bank accounts at Access Bank, United Bank for Africa (UBA), Zenith Bank PLC, First Bank of Nigeria, Guaranty Trust Bank, and additional participating banks across Nigeria
“We’re excited to have been chosen by Xoom for their Nigeria expansion,” said Olugbenga “GB” Agboola, Founder and CEO of Flutterwave. ” Millions of Nigerians rely on money from abroad to support everyday needs, whether it’s families receiving help from loved ones, freelancers getting paid for their work, or individuals earning income from the global economy. This helps make it easy and more reliable for people in Nigeria to receive funds and stay connected to opportunities beyond borders. “
