Flutterwave has launched its new digital product, Swap.
Swap is a digital platform for immediate access to foreign currency at competitive exchange rates.
The new innovation was brought by Flutterwave in partnership with Wema Bank and Kadavra BDC.
In his comments on the product launch, CEO and founder of Flutterwave, Olugbenga Agboola said Swap is the answer to the pains Nigerians have endured from access to Forex .
He said, “At Flutterwave, our dedication to innovation is matched only by our commitment to simplifying financial processes for endless possibilities. Swap represents a significant leap forward in how Nigerians will engage with foreign exchange.
“We understand the forex access challenges individuals and businesses face, and Swap is our answer to those pain points, providing a seamless and efficient platform for currency exchange. We are honoured to have secured regulatory approval and the trust of our partners Kadavra BDC and Wema Bank to bring this life changing solution to Nigerians.”
Swap is created to facilitate currency exchanges for businesses and consumers and to ensure seamless and secure exchange transactions.
Flutterwave also announced that they will be introducing a convenient card issuance system to Swap users.
This is to enhance quick access to global currencies like Dollars, Euros, and British Pounds.
The company aims to distribute more than 10 million of these cards across the country starting from October 2023,.
l This is good news especially for Nigerians who need swift access to Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) to facilitate diverse travel requirements.
Swap is approved by the Central Bank of Nigeria (CBN)
How Swap Works.
- Create an account. Sign up with your Flutterwave account, email, Google or Apple login and breeze through the signup process. If you are already a Send App or Flutterwave Business user, you can directly log in with your current information.
- Submit your information. KYC process designed to protect you. is simple and easy to get through. Skip this step if you have a Send App or Flutterwave account.
- Swap your currency. Input the amount you want to swap, add details of the receiving account of your currency swap, review your information, select payment method and voila!
- Confirmation. Your currency swap will be confirmed within 24 hours. You will also be updated every step of the way as well.
