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 [email protected] 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

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

The post Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details appeared on BitcoinEthereumNews.com. Japan-based Bitcoin treasury company Metaplanet announced today that it has successfully completed its public offering process. Metaplanet Grows Bitcoin Treasury with $1.4 Billion IPO The company’s CEO, Simon Gerovich, stated in a post on the X platform that a large number of institutional investors participated in the process. Among the investors, mutual funds, sovereign wealth funds, and hedge funds were notable. According to Gerovich, approximately 100 institutional investors participated in roadshows held prior to the IPO. Ultimately, over 70 investors participated in Metaplanet’s capital raising. Previously disclosed information indicated that the company had raised approximately $1.4 billion through the IPO. This funding will accelerate Metaplanet’s growth plans and, in particular, allow the company to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will propel Metaplanet to its next stage of development and strengthen the company’s global Bitcoin strategy. Metaplanet has recently become one of the leading companies in Japan in promoting digital asset adoption. The company has previously stated that it views Bitcoin as a long-term store of value. This large-scale IPO is considered a significant step in not only strengthening Metaplanet’s capital but also consolidating Japan’s role in the global crypto finance market. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/japan-based-bitcoin-treasury-company-metaplanet-completes-1-4-billion-ipo-will-it-buy-bitcoin-here-are-the-details/
Share
BitcoinEthereumNews2025/09/18 08:42
Single Currency-Pegged Tokens Surge Following MiCA Rollout.

Single Currency-Pegged Tokens Surge Following MiCA Rollout.

The post Single Currency-Pegged Tokens Surge Following MiCA Rollout. appeared on BitcoinEthereumNews.com. The euro stablecoin market has rebounded in the year since the European Union’s (EU) Markets in Crypto-Assets Regulation (MiCA) came into force, with market capitalization doubling after regulations governing the tokens rolled out in June 2024, according to a new report. The “Euro Stablecoin Trends Report 2025” from London-based payments processing company Decta points a potential shift for the tokens, whose value is pegged to the single European currency and which have historically struggled to gain traction against their U.S. dollar-pegged counterparts. The swing contrasts with the 48% contraction experienced the year before, according to the report. It also contrasts with a 26% advance in total stablecoin market cap. Euro coin market cap climbed to some $500 million by May 2025, the report said, mainly due to improved issuer obligations and standardized reserve requirements. It’s now $680 million, according to data tracked by CoinGecko. Even so, that’s just a tiny fraction of the $300 billion held in U.S. dollar-pegged tokens, a market dominated by Tether’s USDT with Circle Internet’s (CRCL) USDC in second place. Growth has been especially concentrated among a few standout tokens. EURS, issued by Malta-based Stasis, posted the most dramatic gains, soaring 644% million to $283.9 million by October 2025. Circle Internet’s EURC and EURCV, from Societe Generale’s SG-Forge, also recorded significant gains. Transaction activity surged in parallel. Monthly euro-stablecoin volume rose nearly ninefold after MiCA’s implementation US$3.83 billion. EURC and EURCV were among the biggest beneficiaries, with volume expanding 1,139% and 343% respectively, driven by increased usage in payments, fiat on-ramps and digital-asset trading. Consumer awareness also appears to be climbing. Decta found substantial spikes in search activity across the EU, including 400% growth in Finland and 313.3% in Italy, with smaller but steady increases in markets such as Cyprus and Slovakia. Source: https://www.coindesk.com/business/2025/12/06/hold-euro-stablecoin-market-cap-doubles-in-year-after-mica-decta-says
Share
BitcoinEthereumNews2025/12/06 21:25