Flutterwave, the African payments giant, is launching stablecoin balances for its merchants and users, partnering with blockchain infrastructure provider Turnkey to power the new wallet capabilities.
The move aims to provide a secure and “always-on” infrastructure for cross-border payments, allowing businesses to accept and hold regulated stablecoins alongside traditional fiat currencies.
Embedding stablecoins into African commerce
The initiative is designed to reduce the cost and friction of international transactions for African enterprises and multinationals operating on the continent. By integrating Turnkey’s embedded wallet infrastructure, Flutterwave will enable users to transact in major stablecoins like USDC and USDT, as well as USD and NGN.
The rollout will begin with a select group of merchants before expanding to all approved Flutterwave merchants later this year. The system is further supported by Nuvion, an AI-powered banking platform that bridges fiat and stablecoin infrastructure.
Nkem Abuah, lead for remittances & stablecoin partnerships at Flutterwave, commented: “To accelerate business growth in Africa, we must make it safe, easy, and affordable for businesses to accept all forms of regulated payment methods, including stablecoin, from a global customer base. By enabling stablecoin balances powered by Turnkey, we are ensuring that multinationals, African enterprises, and individuals using Flutterwave will have access to low-cost, faster, and always-on cross-border payments”.
Verifiable infrastructure
Turnkey, which was recently named one of the 2025 CNBC World’s Top Fintech Companies, provides the underlying security layer. The company is known for its “verifiable” blockchain infrastructure, which allows for transaction automation and embedded wallets with high security standards.
Bryce Ferguson, CEO and co-founder of Turnkey, said: “We share Flutterwave’s belief that stablecoins offer an incredibly efficient way to accelerate payments and put more money directly into the hands of business owners rather than intermediaries… we’re proud to power Flutterwave’s stablecoin payments and support their mission to empower the next generation of African innovators”.
This partnership aligns with Flutterwave’s broader strategy to position stablecoins as a core pillar of Africa’s financial ecosystem, facilitating smoother connectivity between the continent and the global economy.