The biggest payments infrastructure firm in Africa, Flutterwave, has teamed up with a provider of blockchain technology. Nuvion, a turnkey and AI-powered global banking platform, will introduce stablecoin balances for users and merchants on its network.
In collaboration with global banking platform Nuvion and blockchain infrastructure vendor Turnkey, Flutterwave has introduced stablecoin balances for its customers and merchants. The goal of this project is to establish stablecoins, like USDC and USDT, as an essential component of Africa’s financial system in order to facilitate quicker, less expensive, and continuous cross-border transfers.
Through embedded wallets on Flutterwave’s products, customers may now easily deal in cryptocurrency stablecoins like USDC and USDT as well as currencies like the US dollar ($) and the Naira (₦).
The corporation claims that the action is a component of a larger plan to establish stablecoins as a fundamental component of Africa’s financial system. This is for companies that operate internationally and have difficulties and exorbitant expenses under conventional settlement procedures.
“We must make it safe, simple, and affordable for businesses to accept all forms of regulated payment methods, including stablecoin, from a global customer base in order to accelerate business growth in Africa,” Nkem Abuah, Lead for Remittances & Stablecoin Partnerships at Flutterwave, wrote in a study.
To lessen its dependency on conventional banking rails, Flutterwave is stepping up its use of stablecoins as a payment infrastructure. Polygon is now Flutterwave’s primary network for cross-border stablecoin settlements thanks to a partnership with blockchain software company Polygon Labs in October 2025.
Its most recent collaboration enhances its current product line and was formed just weeks after Flutterwave purchased Mono, a Nigerian open banking startup, in 2025. Flutterwave is getting more control over transaction and payment rails as it integrates more of its payments stack inside.
Initially, only a small number of merchants will have access to this new functionality; later in the year, plans are in place to make it available to Flutterwave’s larger merchant base.
On the other hand, for the embedded digital wallets that enable merchants to retain and manage stablecoin balances directly within their current Flutterwave accounts, Turnkey offers the necessary safe, verifiable infrastructure.
Turnkey intends to supply the security layer and wallet infrastructure, allowing Flutterwave to offer embedded stablecoin wallets. With its AI-powered platform, Nuvion will connect fiat and stablecoin rails, enabling retailers to switch between currencies with ease. Flutterwave is able to provide what it terms “verifiable, secure, and programmable wallet infrastructure” because to this connection.
Bryce Ferguson, CEO and cofounder of Turnkey, stated, “We share Flutterwave’s belief that stablecoins offer an incredibly efficient way to accelerate payments and put more money into the hands of business owners rather than intermediaries.”
Turnkey’s blockchain infrastructure is now integrated with Flutterwave, joining the ranks of payment businesses like Polymarket, Axiom, and Alchemy. Turnkey raised $30 million in a Series B fundraising round in June 2025 to support team expansion, which coincided with the integration.
After successful trials, the solution will be made available to all authorised Flutterwave customers, as it is currently being tested with a small number of merchants.
From the deal, the main advantages for merchants;
Faster Settlements: Compared to the multi-day procedure of traditional wire transfers, stablecoins provide almost instantaneous settlements.
Reduced Costs: The new approach significantly lowers overall transaction costs and middleman fees, which in Africa’s cross-border payments sector usually average more than 8%.
Global Connectivity: By avoiding traditional banking complications and dollar liquidity limitations, businesses can readily accept regulated payment methods from a global consumer base.
Always-On Accessibility: Businesses are not limited by regular banking hours because transactions can take place around the clock.
Seamless Integration: Turnkey’s embedded wallet architecture enables merchants to handle stablecoins and fiat currencies like the US dollar and Nigerian naira on the same platform.
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