Flutterwave launches Swap, digital FX solution

Flutterwave, Africa’s leading payments technology company has announced the launch of Swap, a cutting-edge solution, in partnership with Wema Bank and Kadavra BDC.

Swap, which is powered by Flutterwave, and backed by the Central Bank of Nigeria (CBN), is to serve as the secure and reliable digital platform for Nigerians to have immediate access to foreign currency at competitive exchange rates.

The company noted that beyond being the digital platform that has been approved by the CBN to facilitate currency exchanges for businesses and consumers,  Swap will ensure that every exchange is not only seamless and secure, but also financially rewarding, granting consumers greater purchasing power and businesses massive investment potential.

Commenting on the product launch, founder and CEO of Flutterwave, Olugbenga ‘GB’ Agboola, said, “At Flutterwave, our dedication to innovation is matched only by our commitment to simplifying financial processes for endless possibilities. Swap represents a significant leap forward in how Nigerians will engage with foreign exchange.

The CEO of Kadavra BDC, Cynthia Onyinyechi, said Swap is a step in the right direction for solving major FX problems for Nigerians, as it will simplify the process of accessing foreign currency at the click of a button.

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