Flutterwave and Polygon Partner for Cross-Border Payments
African payments infrastructure provider, Flutterwave, has selected Polygon as its primary blockchain for cross-border payments.
The multi-year collaboration aims to address high fees and slow settlement times in emerging markets, providing instant, low-cost stablecoin payments for global corporations, including Uber and Audiomack, across over 30 African countries.
Polygon’s blockchain infrastructure will power instant, low-cost stablecoin payments.
- Instant settlement
- Low-cost transfers
- Transparent flows for corporations and consumers
The partnership seeks to solve the inefficiencies in cross-border payments in emerging markets, where businesses often experience delays and high transaction fees, exceeding 8% of the transaction value.
Author's summary: Flutterwave partners with Polygon for efficient cross-border payments.
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