Flutterwave, Tempo Partner for Stablecoin Payments
Analysis based on 9 articles · First reported Jun 04, 2026 · Last updated Jun 06, 2026
The partnership between Flutterwave and Tempo is expected to significantly reduce the cost and time associated with cross-border payments in Africa, which could boost trade and remittances. This development is positive for Flutterwave's market position and could encourage further adoption of stablecoin-based payment solutions across the continent, potentially impacting traditional financial institutions.
Flutterwave, a leading African payments technology company, has announced a strategic partnership with Tempo, a purpose-built layer 1 blockchain for payments. This collaboration aims to integrate Tempo as a blockchain settlement network within Flutterwave's Send App and Flutterwave for Business platforms, expanding stablecoin settlement options for cross-border payments across Africa. The initiative seeks to address the high costs and prolonged delays in traditional cross-border transactions, which average around 7% in sub-Saharan Africa, exceeding global averages and UN targets. By leveraging stablecoins like USDC (cryptocurrency) and Tether (cryptocurrency) (USDT), the partnership intends to enable faster, more efficient, and predictable global money movement. This move complements Flutterwave's existing Polygon (blockchain)-based stablecoin settlement capabilities, reinforcing its commitment to a multi-rail payment infrastructure. The integration is expected to enhance liquidity and reduce pressure on working capital for businesses and households across Africa.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard