Flutterwave Xoom Transfers Nigeria: Partnership Speeds Up International Remittances
Flutterwave Xoom transfers Nigeria are set to make receiving money from abroad faster and easier following a new partnership between Flutterwave and Xoom, PayPal’s international digital money transfer service. The collaboration allows people around the world to send money directly to Nigerian bank accounts, with funds settled locally in naira.
The partnership combines Xoom’s global money transfer network with Flutterwave’s local payment infrastructure, helping to simplify cross-border remittances into one of Africa’s largest payments markets.
Flutterwave Xoom Transfers Nigeria Improve Cross-Border Payments
Under the new arrangement, Xoom customers can send money from nearly 160 markets worldwide to recipients in Nigeria.
Flutterwave processes the incoming transfers, converts the funds into naira where required, and settles them directly into local bank accounts.
Recipients can receive money through major Nigerian banks, including:
- Access Bank
- United Bank for Africa (UBA)
- Zenith Bank
- First Bank of Nigeria
- Guaranty Trust Bank (GTBank)
- Other participating financial institutions
The integration is designed to provide quicker, more reliable access to international funds while reducing settlement delays.
Partnership Targets Nigeria’s Large Remittance Market
Nigeria remains one of the largest recipients of remittances in Sub-Saharan Africa.
According to Flutterwave, the country received more than $20 billion in personal remittances during 2024. These inflows play an important role in supporting households, small businesses, freelancers, and the wider economy.
However, cross-border payments have often faced challenges such as foreign exchange constraints and lengthy settlement processes.
Flutterwave said the partnership aims to overcome these issues by combining Xoom’s international reach with its own local banking relationships and compliance capabilities.
Supporting Families, Freelancers, and Businesses
Commenting on the partnership, Olugbenga Agboola, Founder and Chief Executive Officer of Flutterwave, said millions of Nigerians depend on money sent from overseas.
He noted that the service will support families receiving financial assistance, freelancers earning income from international clients, and individuals participating in the global digital economy.
According to Agboola, the partnership will make receiving money from abroad more reliable while helping Nigerians stay connected to opportunities beyond the country’s borders.
Flutterwave Expands Its Cross-Border Payment Network
The agreement strengthens Flutterwave’s position in Africa’s cross-border payments market.
By integrating with Xoom, which operates as part of PayPal’s global payments ecosystem, Flutterwave is expanding access to international money transfers while improving payment options for users in Nigeria.
The partnership also reflects growing demand for faster, secure, and more efficient remittance services as digital payments continue to reshape financial services across Africa.
