On Wednesday, Clear Junction, a reputable partner and pioneer in payments solutions for regulated institutions, announced its partnership with Flutterwave, Africa’s top technology company.
Through this partnership, Flutterwave utilised Clear Junction’s strong technical infrastructure and quicker transaction routing. This is a significant step toward meeting the changing needs of families and migrant workers who depend on stable cross-border financial flows.
Flutterwave leverages Clear Junction’s experience in cross-border trade payment
To improve its assistance for African remittance clients sending money to the UK and EU, Flutterwave leverages Clear Junction’s experience in enabling cross-border trade payment and treasury services.
Swap, Flutterwave’s currency exchange platform, which was developed in collaboration with Wema Bank and Kadavra BDC, already offers this service.
Swap ensures that users can easily access this service through well-known channels by powering a number of Flutterwave’s customer-facing experiences, such as the Send App.
Customers of Flutterwave can now easily send money overseas with Swap. Swap guarantees a smooth and legal cross-border transfer procedure.
The goal of Flutterwave is to use effective cross-border payments to connect Africa to the world seamlessly and the world to Africa. This partnership is anticipated to increase the number of completed transactions and improve customer satisfaction.
Flutterwave and Clear Junction express enthusiasm about the partnership
Dima Kats, CEO and Founder of Clear Junction, commented: “We’re thrilled to partner with Flutterwave. The collaboration is a testament to our shared commitment to driving positive change through technology and financial inclusion. In the realm of African remittances, timely access to favourable FX rates is imperative to provide the best value to customers.
“Individuals and families who rely on these services require speedy access to their funds. Clear Junction serves as a vital ally for African remittance companies and fintechs like Flutterwave, offering secure, fast, and cost-effective solutions that overcome the hurdles associated with cross-border payments. By utilising secure and proven technology, we can ensure that funds reach recipients’ accounts swiftly, fostering business growth and financial inclusion.”
Mayokun Owolabi, Head, Global Expansion & Payment Partnerships at Flutterwave, commented, “We are excited to partner with Clear Junction. Their expertise in multi-currency payments is crucial to our mission of connecting Africa to the world. With this partnership, our new and existing retail customers can now expect a more streamlined and efficient way to send money to the UK and EU, making it faster and easier to pay for tuition fees, family expenses, etc.”