Flutterwave, Tempo partner to speed up payments from US, Europe to Africa

African fintech firm Flutterwave Inc. has partnered with blockchain network Tempo to build stablecoin-powered payment infrastructure across Africa, aiming to lower costs and speed up cross-border transactions.

The two companies announced the collaboration Thursday, stating they will integrate Tempo’s blockchain network into Flutterwave’s Send App and Flutterwave for Business platforms. The service will connect users across Africa, Europe, and North America.

Tackling Africa’s costly remittance network fees

Cross-border payments in sub-Saharan Africa remain expensive. World Bank data shows remittance fees to the region average about 7 percent, compared to a 6 percent global average. Traditional banking networks also cause multi-day delays, cutting liquidity for local businesses.

Once fully deployed, the partnership will support wallet-to-wallet transactions using USDC and USDT stablecoins. The companies stated this integration will offer users faster settlement times and more predictable transaction costs across select trade corridors.

Flutterwave founder and CEO Olugbenga Agboola stated the agreement adds practical digital asset settlement options to the firm’s existing network. He expressed that the collaboration turns blockchain technology into everyday tools to make international payments more efficient for businesses.

Flutterwave volumes hit $40 billion milestone

The announcement comes as Flutterwave reported processing more than 1 billion transactions and handling over $40 billion in total payment value since its launch. The company stated these figures reflect long-term infrastructure investment and growing customer adoption.

Marking a decade in operation, Flutterwave also announced it promoted more than 100 employees globally. The company stated that about 25 percent of its workforce advanced during this review cycle, though it did not disclose specific roles.

The internal promotions contrast with recent trends in the broader Nigerian financial technology sector. Competitors like Branch, Kuda, and Quidax have cut staff recently to focus on cost reduction and operational efficiency amid shifting market conditions.

Agboola stated that employee retention remains central to the company’s growth strategy. He expressed that the workforce drives the firm’s capacity to build payment solutions that connect African markets with the global economy.