Polygon Labs has announced a strategic partnership with Flutterwave, Africa’s largest payments infrastructure provider, to use Polygon PoS as the default blockchain network for Flutterwave’s new cross‑border payments product. The collaboration aims to transform the $2 trillion global cross‑border payments market by cutting settlement times and costs.
Flutterwave, which has processed over $40 billion in transaction volume to date, will begin a phased rollout of Polygon’s high‑performance blockchain infrastructure in 2025. The rollout starts with a pilot program for select business customers and will be fully available to all users in 2026, significantly boosting remittances and facilitating cross‑border payments.
The partnership tackles critical pain points in emerging economies, where businesses and consumers often face transaction costs exceeding 8 % for remittances. By leveraging Polygon’s sub‑$0.01 transaction fees and near‑instant settlement, Flutterwave can offer its clients better economics and an improved user experience.
Marc Boiron, CEO of Polygon Labs, called the partnership a massive vote of confidence in stablecoins as the future of cross‑border payments. Olugbenga “GB” Agboola, CEO and founder of Flutterwave, said the alliance will unlock new economic opportunities across the continent by making international payments simpler and more affordable.
With Flutterwave operating in more than 30 African countries and supporting over 150 currencies, the integration highlights the potential for stablecoin adoption in emerging markets. This partnership follows recent Polygon milestones, including processing half of all USDC transfers in the $100‑$1,000 range in the United States and powering BlackRock’s BUIDL Fund tokenization.
The first phase of the collaboration will focus on enterprise clients, enabling major corporations to use stablecoin rails for payment flows. After this initial phase, the partnership aims to expand to consumer remittances, bringing affordable, instant cross‑border payments to millions of individuals. The development is expected to have a significant impact on the global cross‑border payments market, particularly in emerging economies.
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