Flutterwave teams up with Currencycloud to enable multi-currency accounts

Flutterwave, a Nigerian based payments company, has partnered with a UK based B2B payments company to accelerate the launch of its payments system in Europe and the US. This partnership would enable Flutterwave to ‘enhance its services to customers by enabling them to receive money globally via unique virtual accounts’.

This would also allow Flutterwave’s merchants and clients access to send and receive a money transfer at a significant scale at their convenience.

Recently, Visa acquired Currencycloud and valued the company at £700 million and Currencycloud and Lucinity teamed up on anti-money laundering.

“This partnership marks our ongoing commitment to creating a payments infrastructure that links the world to Africa”, said Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave.

The Currencycloud API has been incorporated into Flutterwave’s solution and would be available to customers. The press note also stated that clients would have access to‘ total transparency to foreign exchange charges for international payments, giving customers access to multi-currency wallets’.

Currencycloud since 2012 has processed more than $100 billion in over 180 nations around the globe and works in partnership with Visa, Dwolla, GPS, and Mambu for cross-border payments that are regulated in the UK, Canada, the US and the EU.