Flutterwave, Africa’s largest payment network, launched Swap, a digital platform for Nigerians to buy foreign exchange. In recent months, Nigerians have struggled to acquire foreign cash, which has impeded macroeconomic growth and personal financial aspirations and limited global chances.
Flutterwave has received praise for its latest product, Swap, but commercial and public sector partners created it. Wema Bank PLC, Kadavra BDC, and the CBN collaborate to make every Swap exchange seamless, secure, and profitable, giving consumers more spending power and corporations colossal investment potential.
Read also: Flutterwave launches Swap, Nigerian forex platform
While many Nigerians await Swap’s economic impact, here are some facts regarding the app:
Access to Foreign Exchange: Swap makes it easy and quick for Nigerians to get foreign money. Swap makes it easy to get US Dollars, British Pounds, or Euros, no matter what you need.
Competitive Exchange Rates: Say goodbye to exchange rates that aren’t in your favour. The FX solution offers competitive exchange rates, so you can be sure you’re getting the most for your money when you change countries.
Access to Multiple Currencies: Swap caters to your diverse currency needs. You can use not only USD but also GBP and EUR, which gives you more options for your money.
Security and approval by regulators: Because Swap works in a safe, reliable, and approved-by-regulators environment, you can be sure that your cash exchanges are safe and legal.
Accessible 24 hours a day, 7 days a week: No longer limited by standard bank hours. This product is available 24 hours a day, 7 days a week, so that you can handle your foreign exchange needs whenever it works best for you.
Gives power to everyone: Whether you’re a person or a business, this product gives you the power to take charge of your foreign exchange needs. It’s made to meet the different wants of both home and business users.
Easier currency exchange: With Swap, you no longer have to deal with the complicated ways people used to trade money in the past. It makes the whole process easier, ensuring it is quick and easy to use.
Support from the Central Bank of Nigeria (CBN): Swap has the support and approval of the Central Bank of Nigeria (CBN), strengthening its reputation as a trustworthy and reliable digital platform for exchanging cash in Nigeria.
Easy Card Issuance: Flutterwave is getting ready to give Swap users an easy way to get cards. Nigerians will find it even easier to get their Travel Allowance (PTA) and Business Travel Allowance (BTA) thanks to this new tool.
International deals Made Easy: The product makes international deals and investments easier, and it also makes foreign exchange easier. It gives you access to opportunities worldwide and lets you reach your financial goals on a bigger scale.
Flutterwave’s Swap will change the way Nigerians deal with foreign cash. With its commitment to user-friendliness, competitive rates, and regulatory approval, it aims to change the financial environment.