Flutterwave Partners with Clear Junction to Enhance Cross-Border Payments

Flutterwave, Africa’s leading technology company, is pleased to announce its partnership with Clear Junction, a trusted provider of payment solutions for regulated institutions. This collaboration grants Flutterwave access to Clear Junction’s advanced technical infrastructure and accelerated transaction routing, marking a pivotal moment in addressing the growing needs of migrant workers and families relying on reliable cross-border money transfers.

By tapping into Clear Junction’s expertise in facilitating cross-border trade payments and treasury services, Flutterwave aims to improve its support for African remittance customers making payments to the UK and EU. This partnership further strengthens Flutterwave’s commitment to offering seamless, fast, and efficient cross-border payment solutions.

This offering is already live through Swap, Flutterwave’s currency exchange platform developed in partnership with Wema Bank and Kadavra BDC. Swap powers several customer-facing services, including the Send App, providing users with easy access to cross-border payment services within familiar platforms. With Swap, Flutterwave customers can conveniently send money abroad, ensuring a smooth and compliant process for international transfers.

The partnership is expected to result in a significant increase in completed transactions while enhancing customer satisfaction. This collaboration aligns with Flutterwave’s mission to create seamless connections between Africa and the rest of the world through efficient cross-border payments.

Dima Kats, CEO and Founder of Clear Junction, shared: “We are excited to partner with Flutterwave. This collaboration highlights our shared commitment to using technology for positive change and financial inclusion. For African remittances, timely access to favorable FX rates is essential to deliver the best value to customers. Individuals and families who rely on these services need quick access to their funds. Clear Junction plays a vital role in helping African remittance companies and fintechs like Flutterwave provide secure, fast, and cost-effective solutions for cross-border payments. By leveraging secure and proven technology, we ensure funds reach recipients swiftly, driving growth and financial inclusion.”

Mayokun Owolabi, Head of Global Expansion & Payment Partnerships at Flutterwave, commented: “We are thrilled to collaborate with Clear Junction. Their expertise in multi-currency payments is crucial to our goal of connecting Africa with the world. With this partnership, both new and existing customers can expect a more streamlined and efficient method for sending money to the UK and EU, making it easier and faster to pay for tuition, family expenses, and more.”