TECHNOLOGY
FLUTTERWAVE PICKS POLYGON AS BLOCKCHAIN PARTNER FOR GLOBAL PAYMENTS
Polygon Labs has announced a strategic partnership with Flutterwave, Africa’s largest payments infrastructure provider, to integrate Polygon PoS as the default blockchain network for its upcoming cross-border payments solution.
Flutterwave, which has processed over $40 billion in transactions to date, will leverage Polygon’s high-performance blockchain to enhance global payment flows and accelerate stablecoin adoption across emerging markets.
Under the agreement, Flutterwave will begin a phased rollout of Polygon’s technology in 2025, starting with a pilot program for select Flutterwave for Business clients. A full-scale launch is expected in 2026, extending the service to all Flutterwave for Business and Send App users. This initiative aims to make international remittances faster, cheaper, and more accessible.
Through the partnership, Flutterwave will integrate Polygon’s scalable blockchain infrastructure to deliver quicker and more affordable transactions for its extensive network of global partners, including brands such as Uber and Audiomack.
“Thriving African businesses lose significant revenue each year due to slow and costly cross-border payments,” said Marc Boiron, CEO of Polygon Labs. “Flutterwave recognized, as we do, that stablecoins on Polygon can reduce settlement times from days to seconds and cut fees from dollars to pennies. This is a major endorsement of stablecoins as the future of cross-border transactions.”
In its initial phase, the collaboration will target enterprise clients, allowing multinational corporations to use stablecoin payment rails that dramatically shorten settlement times and lower transaction costs. Subsequent phases will expand to consumer remittances via the Send App, bringing instant, low-cost cross-border transfers to millions of individuals across Africa and beyond.
“Businesses in emerging markets handle billions in cross-border transactions annually but still face excessive fees and delays,” noted Olugbenga ‘GB’ Agboola, CEO and Founder of Flutterwave. “By partnering with Polygon, we’re introducing a solution that makes international payments even more seamless and affordable than many domestic options—unlocking new economic potential across the continent.”
The partnership seeks to address long-standing inefficiencies in the global cross-border payments industry, valued at over $2 trillion, where emerging markets often experience transaction costs as high as 8%. With Polygon’s near-instant settlements and sub-$0.01 fees, Flutterwave is positioned to deliver a vastly improved payment experience for both businesses and consumers.
This alliance also lays the foundation for greater stablecoin adoption in regions where traditional financial infrastructure struggles to meet the demands of fast-growing digital economies. Operating in over 30 African countries and supporting more than 150 currencies, Flutterwave’s integration of Polygon’s blockchain demonstrates how decentralized technology can effectively bridge real-world payment gaps at scale.
The announcement follows a series of significant achievements by Polygon, including processing nearly half of all USDC transfers between $100 and $1,000 in the U.S., powering BlackRock’s BUIDL Fund tokenization through Securitize (with assets exceeding $1 billion), and supporting innovative platforms like Polymarket, which has surpassed $1.1 billion in cumulative trading volume. Polygon’s ecosystem growth recently attracted a $2 billion investment from Intercontinental Exchange, Inc. (ICE), valuing the company at around $8 billion before investment.
Through this partnership, Flutterwave and Polygon are setting a new benchmark for how blockchain technology can transform real-world payments, driving efficiency, inclusion, and innovation across global markets.
"This represents a significant development in our ongoing coverage of current events."— Editorial Board