Flutterwave launches Swap, a digital FX solution for Nigerians

Written by Delisha Fernandes

Flutterwave is an African payments technology company. swapin partnership with Wema Bank and Kadavra BDC, powered by Flutterwave.

Swap is a Central Bank of Nigeria (CBN)-backed solution that serves as a secure and reliable digital platform that gives Nigerians instant access to foreign currency at competitive exchange rates.

Olugbenga “GB” Agboola, Flutterwave Founder and CEO“At Flutterwave, our commitment to innovation is matched only by our commitment to simplifying financial processes for endless possibilities.Swap is a major advancement in how Nigerians engage with foreign exchange. We understand the currency access challenges faced by individuals and businesses, and Swap is our answer to those pain points, creating a seamless and efficient platform for currency exchange. Offers.”

The swaps were introduced at a time when Nigerians and businesses have limited access to foreign currency, creating major challenges for individuals seeking to engage in international trade, investment and other cross-border financial activities. .

Swap is a digital platform approved by the Central Bank of Nigeria (CBN) to facilitate currency exchange for businesses and consumers, ensuring that all exchanges are not only seamless and secure, but also economically viable. Guaranteed to be profitable and give consumers greater purchasing power. And the business has huge investment potential.

Cynthia Onyinyechi, Kadavra BDC CEO “Swap is a step in the right direction to solve a major foreign exchange problem for Nigerians, simplifying the process of accessing foreign currency at the click of a button,” he added. Morphe Oseni, Managing Director, wima bank “Since the launch of the digital bank ALAT, our support for digital innovation in the Nigerian financial industry has been unparalleled.”

Existing users of Flutterwave for Business and Send App can access Swap with one click. Swap will also be available to banks and new Nigerians who sign up to the platform via her API.