Flutterwave Selects Polygon as Primary Blockchain Partner to Power Cross-Border Payments

Flutterwave, Africa’s leading payments infrastructure company, has entered a major partnership with Polygon Labs, selecting Polygon PoS as its default blockchain network. This integration will serve as the foundational technology for Flutterwave’s new cross-border payments product, marking a watershed moment for stablecoin adoption in emerging markets.

Dependable NG reports that the partnership positions Polygon’s high-performance infrastructure as key to global payment flows, leveraging its capacity for handling Real World Assets (RWA) and payments. Flutterwave, which has processed over $40 billion in transaction volume to date, will initially begin a phased rollout with a pilot program for select Flutterwave for Business customers in 2025. The solution is expected to be fully available to all Flutterwave for Business and Send App users by 2026, a move anticipated to significantly boost remittances and facilitate cross-border payments at a massive scale.

The collaboration will see Flutterwave integrate Polygon’s network to enable dramatically faster and cheaper cross-border payments for its extensive network of global multinational clients, which includes companies like Uber and Audiomack.

Olugbenga “GB” Agboola, CEO and Founder of Flutterwave, highlighted the pain points the alliance addresses in the $2 trillion global cross-border payments market. He noted that businesses in emerging economies currently face high costs and slow settlement times. “By partnering with Polygon, we’re introducing a solution that makes international payments even more simple and affordable than many local ones. This revolution will unlock new economic opportunities across the continent,” Agboola stated. The partnership aims to cut transaction costs, which often exceed 8% for remittances in emerging economies, by leveraging Polygon’s sub-$0.01 transaction fees and near-instant settlement capabilities.

Marc Boiron, CEO of Polygon Labs, described the collaboration as a massive vote of confidence in stablecoins, which he believes are the future of cross-border payments. He noted that Flutterwave recognized that stablecoins on Polygon can advance settlement times from days to seconds and reduce high fees to pennies. The first phase will focus on enterprise clients, enabling major corporations to use stablecoin rails to dramatically reduce settlement times. Following this, the focus will shift to consumer remittances via Flutterwave’s Send App to bring affordable, instant cross-border payments to millions of individuals. With Flutterwave operating across 30+ African countries and supporting over 150 currencies, the integration is poised to demonstrate how blockchain technology can solve real-world payment challenges at scale.