Wire · opportunities
Flutterwave expands Xoom transfers into Nigeria
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Fusion42 · 14 July 2026 · Fusion42 review
Flutterwave has partnered with Xoom (PayPal's money transfer service) to enable faster international remittances into Nigeria, connecting Xoom's global network with Flutterwave's local payout infrastructure and banking partnerships. The partnership addresses foreign exchange constraints and settlement delays in a market that receives over $20 billion in annual remittances.
This Wire brief tracks PayPal, and It sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
PayPal just moved from being a remittance competitor to a customer of Flutterwave's rails. If you're building payout infrastructure in Africa, you now have a direct route to acquire volume from a $400bn+ company's remittance users.
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1 source · 13 Jul 2026
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