Flutterwave Partners with PayPal’s Xoom to Speed Up Money Transfers into Nigeria
Flutterwave has partnered with PayPal's Xoom to enable faster international money transfers into Nigerian bank accounts, improving cross-border remittances...
✨ Key Highlights
Flutterwave has partnered with PayPal’s Xoom to expedite money transfers into Nigeria. This collaboration leverages Xoom’s global network with Flutterwave’s local payout infrastructure, aiming to overcome previous settlement delays and foreign exchange constraints.
- Funds sent via Xoom will be converted and settled in Nigerian Naira (NGN) directly into recipient bank accounts.
- Key organizations involved are Flutterwave and Xoom (a PayPal company).
- This partnership is crucial for Nigeria, the largest recipient of remittances in Sub-Saharan Africa, facilitating easier access to funds from loved ones and global economic opportunities.
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