Flutterwave has entered a strategic partnership with blockchain network Tempo to expand its stablecoin-based payment and settlement infrastructure across Africa.
The collaboration will see Tempo integrated into Flutterwave's Send App and Flutterwave for Business platforms, with the aim of improving cross-border payment efficiency for individuals and businesses.
The partnership targets longstanding challenges in international money transfers, including high fees, slow settlement times and reliance on complex correspondent banking systems.
According to the World Bank, remittance costs to sub-Saharan Africa average about 7%, well above global targets, while traditional payment routes can take several days to settle, constraining liquidity for businesses and individuals.
Once fully deployed, the integration will support wallet-to-wallet transactions using USD Coin (USDC) and Tether (USDT) stablecoins, offering faster settlement, lower costs and more predictable pricing.
Tempo will function as an additional settlement layer within Flutterwave's broader multi-chain system, which already includes Polygon-based infrastructure.
The platform will support Flutterwave's two core offerings: its Send App, which facilitates personal remittances from diaspora markets such as the US, UK, European Union (EU) and Canada, and Flutterwave for Business, which handles supplier payments and cross-border commercial transactions.
Tempo's blockchain network, built for high-volume settlements and aligned with ISO 20022 standards, is expected to improve interoperability with enterprise financial systems and support more efficient reconciliation and reporting.
Olugbenga Agboola, founder and CEO of Flutterwave, explained that the partnership expands the company's payments ecosystem by adding stablecoin settlement capabilities designed to make cross-border payments faster, more predictable and more cost-efficient.
Dan Romero, head of go-to-market at Tempo, said Flutterwave operates one of Africa's largest payments networks and that the partnership will help expand stablecoin settlements across international payment corridors.
He noted the collaboration is intended to provide an alternative to traditional cross-border payment systems through blockchain-based settlement infrastructure.
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