Flutterwave partners Tempo blockchain to power stablecoin settlements across Africa
African fintech giant, Flutterwave has entered a strategic partnership with Tempo, a blockchain settlement network, to build stablecoin-powered payment infrastructure across Africa.
African fintech giant, Flutterwave has entered a strategic partnership with Tempo, a blockchain settlement network, to build stablecoin-powered payment infrastructure across Africa.
The partnership is designed to reduce the high costs and lengthy delays that continue to plague cross-border transactions on the continent.
The two companies announced the collaboration on Thursday, with plans to integrate Tempo as a blockchain settlement network within Flutterwave’s Send App and Flutterwave for Business (F4B) platforms, two products serving distinct user bases across Africa, Europe, and North America.
The partnership is a direct response to a well-documented problem. According to the World Bank, remittance fees to sub-Saharan Africa average around 7%, higher than the global average of 6% and more than double the 3% target set by the United Nations Sustainable Development Goals.
Traditional correspondent banking and foreign exchange chains also delay settlements by several business days, reducing liquidity for businesses and families that depend on cross-border transactions.
Once fully deployed, the integration will support wallet-to-wallet USDC and USDT transactions, offering users faster settlement times, stable network performance, and more predictable transaction costs across select corridors.
Flutterwave Founder and CEO Olugbenga Agboola said the partnership expands the company’s existing payments infrastructure by adding stablecoin settlement rails designed for real-world commercial use.
Tempo Head of Go-to-Market, Dan Romero, said the partnership gives Flutterwave’s network access to settlement infrastructure built specifically for corridors that have historically been expensive and slow.
Tempo will operate as part of Flutterwave’s broader blockchain settlement infrastructure, complementing existing integrations that include Polygon-based stablecoin payment flows. The addition of Tempo provides additional settlement options across specific corridors based on operational needs.
Tempo’s infrastructure is built for high-volume payment environments, featuring fast transaction finality and alignment with ISO 20022 standards, a technical specification that will eventually allow enterprises to reconcile cross-border transactions directly within their existing finance and ERP systems.
Earlier on June 1, Flutterwave revealed that it had surpassed one billion transactions and processed more than $40 billion in total payment volume since its inception.
