Flutterwave has partnered with Xoom, PayPal’s international digital money transfer service, to enable faster transfers into Nigerian bank accounts, a move that puts Africa’s most prominent payments company on the same PayPal rails that rival Paga began riding just months earlier.
The partnership connects Xoom’s global network with Flutterwave’s local payout infrastructure, allowing users abroad to send funds directly into Nigerian bank accounts with improved speed and efficiency.
Under the arrangement, Xoom transfers are converted by Flutterwave and settled locally in naira, enabling direct disbursement into recipient accounts at Access Bank, United Bank for Africa (UBA), Zenith Bank, First Bank of Nigeria, Guaranty Trust Bank, and other participating banks.
“We’re excited to have been chosen by Xoom for their Nigeria expansion,” said Olugbenga “GB” Agboola, founder and CEO of Flutterwave. “Millions of Nigerians rely on money from abroad to support everyday needs, whether it’s families receiving help from loved ones, freelancers getting paid for their work, or individuals earning income from the global economy. This helps make it easy and more reliable for people in Nigeria to receive funds and stay connected to opportunities beyond borders.”
The timing is notable. In January 2026, Paga announced its own partnership with PayPal, ending the American payments giant’s roughly 20-year restriction on inbound Nigerian transactions and letting users link PayPal accounts directly to Paga wallets.
With Xoom, a PayPal-owned service, now routing through Flutterwave, both companies effectively sit inside the same PayPal ecosystem, positioned as competing local gateways for PayPal-linked money flows into Nigeria.
Neither company has publicly framed the deal in those terms; this is an editorial reading of the sequence, not a claim made by Flutterwave or PayPal.
Nigeria is the leading remittance recipient in Sub-Saharan Africa, receiving over $20 billion in personal remittances in 2024.
Despite this volume, receiving international payments has historically remained complex due to FX constraints and settlement delays.
The collaboration addresses those challenges in a market of more than 232 million people, where the ICT sector is projected to contribute 21% of GDP by 2027.
By combining Xoom’s global reach with Flutterwave’s local compliance and banking partnerships, the companies are positioning themselves to offer a more accessible cross-border payments corridor into Nigeria, one that now runs parallel to, rather than through, Paga’s existing PayPal tie-up.
Xoom, a PayPal service, is a digital money transfer service enabling consumers to send money, pay bills, and reload phones for friends and family in approximately 160 markets globally. As part of PayPal’s global payments ecosystem, Xoom leverages fraud protection, compliance capabilities, and a global network to help customers move money across borders.
