Flutterwave, Africa’s largest payments startup, has tapped payments-focused blockchain network Tempo to expand its stablecoin payments infrastructure, eight months after announcing a similar partnership with Polygon.
The partnership, announced on Thursday at Money20/20 Europe in Amsterdam, the Netherlands, will see Flutterwave integrate Tempo as a settlement layer for stablecoin transactions across its consumer remittance product, Send App, and its enterprise payments platform, Flutterwave for Business (F4B).
Once deployed, the integration will support wallet-to-wallet transfers using dollar-backed stablecoins USDC and USDT, enabling individuals and businesses to move money across borders through digital currencies.
The partnership is the latest signal that African fintechs are increasingly building stablecoin-based payment infrastructure to reduce the cost and complexity of cross-border transactions. In May, Nigerian fintech Paga partnered with US-based blockchain network Sui to build infrastructure for stablecoin payments and tokenised assets.
