Send App, a cross-border remittance product of Africa’s largest payments startup, Flutterwave, has launched a physical Naira card for Nigerians returning home from the diaspora for the festive season.Send App, a cross-border remittance product of Africa’s largest payments startup, Flutterwave, has launched a physical Naira card for Nigerians returning home from the diaspora for the festive season.

Send by Flutterwave launches Naira travel card for diaspora holiday spending

2025/12/05 19:21

Send App, a cross-border remittance product of Africa’s largest payments startup Flutterwave, has launched a physical Naira card for Nigerians returning home from the diaspora for the festive season. The card, dubbed the Send App Travel Card, was launched in partnership with Odysy, a business expense management company and technology partner, and AfriGO, the Nigerian domestic card scheme.

“For years, we’ve helped Nigerians abroad support life at home through fast, reliable remittances,” Harvey Bahia, Head of Send App Business, Flutterwave, said. “Now, for the first time, we’re giving them a physical way to spend with the same ease and control when they return.”

The launch hopes to address the pain point for Nigerians who return home in December and face significant barriers due to cash limitations, unpredictable exchange rates, and failures of some foreign cards. In 2024 alone, Nigerians living abroad spent at least ₦60 billion during their December homecoming visits, according to the Nigerians in Diaspora Commission (NiDCOM). 

The travel card allows users to access domestic point-of-sale terminals, ATMs, and contactless payment options within the country. Users can use the updated SendApp platform to fund the card with their US, EU or UK cards, and pre-order the cards to be delivered ahead of their arrival. 

The company says the card is typically available within 24 hours of ordering, and offers same-day delivery for Lagos and Abuja orders placed before 4 pm. The card does not require activation at an ATM and can be locked, frozen or replaced by the user from within the app.

“Nigerians in the diaspora deserve a dependable way to spend locally, and together with AfriGO, we’ve built a product that works effortlessly across the country,” Chinonso Nwosu, CEO of Odysy, said.

The launch comes months after Flutterwave entered a multi-year partnership with Polygon Labs, a blockchain software company, to enable instant, low-cost settlements across the continent. 

Get The Best African Tech Newsletters In Your Inbox

Subscribe
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36