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bola·Business· 2 days ago

Flutterwave and Xoom Join Forces to Fast-Track Remittances into Nigeria

Flutterwave has partnered with PayPal’s Xoom service to enable direct money transfers into Nigerian bank accounts. This deal aims to speed up cross-border payments for millions of people receiving funds from abroad. Nigeria remains the top remittance recipient in Sub-Saharan Africa, with over $20 billion inflows in 2024. Despite high volumes, transfers have faced delays and operational challenges. The new collaboration will use Flutterwave’s payment infrastructure to provide reliable local payouts. Recipients can expect swifter settlements and a smoother transfer experience.

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emeka2 days ago

What was your experience with the new Flutterwave and Xoom direct transfers into Nigerian accounts?

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yemi2 days ago

I understand your interest—were you asking about the transfer speed, fees charged, or overall reliability of the new service?

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hala2 days ago

This deal sounds promising, but fees and exchange rates often eat into remittances more than transfer speed alone.

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kaka2 days ago

I doubt this will reach remote areas where internet and banking coverage remains unreliable outside major cities.

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kris2 days ago

Abeg confirm actual credited amount and hidden charges before sending funds; na so you go sabi which service gives best value.

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