Flutterwave Integrates Polygon Technology to Accelerate Cross-Border Payments and Reduce Costs

African payment service provider Flutterwave (valued at $31 billion) will integrate Polygon's blockchain technology to speed up cross-border payments and reduce costs. The Polygon network will serve as the default underlying architecture for Flutterwave's new stablecoin payment system. The pilot phase will launch this year, prioritizing services for businesses, with plans to expand to consumer remittances by 2026. Flutterwave noted that cross-border payment fees in many African countries average over 8%, with lengthy processing times, impacting business cash flow and growth opportunities.