Connect with us

    Hi, what are you looking for?

    Tech

    Flutterwave Bets on New Blockchain to Power Faster Cross-Border Payments Across Africa

    FlutterWave

    African payments technology company Flutterwave has partnered with Tempo to expand its stablecoin payment infrastructure and strengthen cross-border transaction capabilities for businesses and individuals.

    The partnership was announced on Thursday at the Money20/20 Europe conference in Amsterdam, the Netherlands.

    Under the arrangement, Flutterwave will integrate Tempo as an additional settlement layer for stablecoin transactions across its consumer remittance platform, Send App, and its enterprise payments solution, Flutterwave for Business (F4B).

    The integration will enable wallet-to-wallet transfers using dollar-backed stablecoins, including USD Coin (USDC) and Tether (USDT), allowing customers to send and receive funds across borders using digital currencies.

    The move comes amid growing adoption of stablecoin-based payment infrastructure by African fintech firms seeking to reduce the cost, delays and complexity associated with international money transfers.

    Speaking on the partnership, Olugbenga Agboola, Founder and Chief Executive Officer of Flutterwave, said the collaboration would expand the company’s payment ecosystem and improve transaction efficiency.

    “Our partnership with Tempo allows us to expand our existing payments ecosystem by adding additional practical stablecoin settlement rails.

    “This actively removes friction from the system and expands our multi-rail standard of global payment connectivity for the continent,” Agboola said.

    Tempo, a payments-focused Layer 1 blockchain network unveiled in 2025 by global payments company Stripe and investment firm Paradigm, officially launched in March 2026.

    Unlike blockchain networks primarily designed for decentralised finance and trading activities, Tempo focuses on payment use cases such as remittances, subscriptions, supplier settlements and machine-to-machine transactions.

    The network supports stablecoin-denominated payments, batch processing, scheduled transactions and payment messaging standards compatible with traditional financial systems.

    Flutterwave said Tempo would complement, rather than replace, its existing stablecoin infrastructure built on the Polygon network, providing additional settlement options depending on transaction requirements and operational needs.

    Industry analysts say the partnership reflects a broader shift among fintech companies from consumer-focused cryptocurrency offerings toward enterprise-grade payment infrastructure.

    However, Tempo remains in the early stages of development.

    According to industry data, the blockchain has processed more than 25 million transactions since its launch, recording a success rate of about 94 per cent.

    Its transaction throughput and liquidity levels remain below those of some newer blockchain networks, although stablecoin balances on the platform have continued to grow steadily.

    Flutterwave, founded in 2016, has processed more than 40 billion dollars in payment volume and operates across multiple African markets, serving businesses, financial institutions and individual customers.

    Analysts say the success of the partnership will depend on Tempo’s ability to scale its infrastructure and maintain transaction speed, reliability and settlement efficiency as payment volumes increase.

    The collaboration is expected to further strengthen Flutterwave’s position in Africa’s evolving digital payments ecosystem while supporting the growing adoption of stablecoin-based financial services across the continent.

    Loading

    Spread the love
    Frank
    Written By

    Franklin Ugo Ndibe is a seasoned Nigerian journalist and media professional renowned for his incisive reporting and editorial leadership in the information and communications technology (ICT) sector.

    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    Lagos State Police Command says it arrested 36 suspects and recovered about 8,000 pieces of military camouflage uniforms, firearms, suspected illicit drugs and other...

    Tech

    Wikipedia co-founder, Jimmy Wales, has said the online encyclopedia will not allow artificial intelligence (AI) systems to directly edit articles on its platform due...

    Tech

    Elon Musk is no longer a trillionaire after a sharp global sell-off in technology stocks wiped an estimated $500bn (£379bn) from his personal fortune....

    News

    Ventures Platform and the Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, are pleased to announce Haneefah Adam as the winner of the inaugural...