As a frontrunner in payment technology in Africa, Flutterwave has introduced its referral initiative via Send App, its cross-border remittance platform. The incorporation of Swap into Send App has enabled users to smoothly convert Nigerian Naira (NGN) into various foreign currencies, thus supporting hassle-free cross-border money transactions.
Remittances are projected to be a significant driver for Africa’s estimated $1.5 trillion digital payment economy by 2030. Nigeria plays a pivotal role in this growth; for instance, in 2024, remittances from Nigerians abroad exceeded $21 billion, highlighting their crucial contribution to the economy and their impact on the expansion of Africa’s digital payment landscape.
The “Share and Earn” initiative aims to incentivize both senders and recipients. Nigerian clients can earn up to ₦5,000 for referring local customers who successfully execute their inaugural transaction of at least ₦200,000.
Likewise, inbound transfers from the US, UK, and Europe provide benefits for both parties, allowing senders to receive up to $20, £20, or €20 while the recipient in Nigeria can earn up to ₦5,000. (Terms and conditions apply)
Send App represents more than a mere remittance tool for us at Flutterwave, stated Founder & CEO, Olugbenga ‘GB’ Agboola. It transcends incentives. We are enabling our users to become direct advocates for economic opportunities, simplifying and enhancing the rewards associated with sending money across borders and within Nigeria for essential needs such as healthcare, education, and even vacations.
With families gearing up for back-to-school expenses, tuition payments, and holiday travels, the timing of Send App’s Share and Earn initiative is particularly advantageous for Nigerians who send funds and assist their loved ones abroad in receiving added value.
Additionally, Send App rolled out its summer campaign in July, providing users with a range of tips, guides, and exclusive promotions tailored to help them maximize their summer holiday experience.
Temiloluwa Adesina, Senior Product Manager at Flutterwave, remarked, We recognize the significant influence that reliable word-of-mouth has within our community. The Share and Earn referral initiative is crafted not only to reward our loyal users but also to empower them to share the invaluable experience of seamless and secure money transfers within their networks.
