Flutterwave and iPaylinks Join Forces to Facilitate Streamlined Trade Payments Between Africa and Asia
The financial technology company, Flutterwave, and cross-border payments specialist, iPaylinks, have announced a groundbreaking partnership. This collaboration aims to simplify and secure payment flows between Asian exporters and African importers, making cross-border trade faster, safer, and more reliable.
By leveraging Flutterwave's Virtual Accounts technology and iPaylinks’ expertise in cross-border payments, the partnership cuts settlement times to 1–2 days, reduces foreign exchange (FX) risk, and overcomes complex financial infrastructure challenges on both continents.
iPaylinks' customers are now provided with virtual accounts in local African currencies, allowing African importers to pay as if dealing with local suppliers. In return, iPaylinks receives settlements in its preferred currency. This arrangement provides a more efficient, secure, and seamless payment solution for businesses.
Historic pain points such as slow settlements, operational complexity in managing multiple country regulations, FX exposure, and counterparty risk are addressed by this partnership. Traditional methods often resulted in slow settlements, unpredictable exchange rates, and a lack of a single, reliable partner.
The partnership utilizes Flutterwave's Virtual Accounts solution to simplify B2B payments between Africa and Asia. iPaylinks, a company specializing in one-stop payment solutions for Asian exporters, will now be able to provide its clients with a more efficient way to collect payments from African importers.
For Flutterwave, the partnership reinforces its position as a key player in powering global trade with Africa. The move is a testament to the growing demand for simplified and efficient cross-border payment solutions that unlock the vast economic opportunities between Africa and Asia.
This arrangement opens new doors for efficient business-to-business (B2B) trade in the rapidly expanding Africa-Asia corridor, supporting growth by providing an uncomplicated, scalable cross-border payment infrastructure with enhanced security and compliance.
[1] Flutterwave Press Release, Flutterwave and iPaylinks Partner to Streamline and Secure Cross-Border Payments Between Africa and Asia
[2] iPaylinks Press Release, iPaylinks Partners with Flutterwave to Simplify B2B Payments Between Africa and Asia
[3] TechCrunch, Flutterwave and iPaylinks partner to streamline cross-border payments between Africa and Asia
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