Flutterwave, Africa’s leading payments technology company has announced the launch of Swap, a digital foreign exchange trading solution, in partnership with Wema Bank Plc and Kadavra BDC.
Swap is a cutting-edge solution that is backed by the Central Bank of Nigeria (CBN) to serve as a secure & reliable digital platform for Nigerians to have immediate access to foreign currency at competitive exchange rates.
Commenting on the product launch, Founder and CEO of Flutterwave, Olugbenga ‘GB’ Agboola, at a presss conference in Lagos 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 FX 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 honored to have secured regulatory approval and the trust of our partners Kadavra BDC and Wema Bank to bring this life changing solution to Nigerians.”
CEO, Kadavra BDC, Cynthia Onyinyechi, said: “Swap is a step in the right direction for solving major FX problems for Nigerians, and has simplified the process for accessing foreign currency at the click of a button.”
Adding to this, Managing Director, Wema Bank, Moruf Oseni said, “Our support for digital innovation in the Nigerian finance industry has been unrivaled since the launch of our digital Bank, ALAT. As a bank that is committed to digital innovation, we are proud to be on this journey with Flutterwave because we believe a product like Swap will have a major impact across all sectors.