Flutterwave Expands Send App's Remittance Services Nationwide
Flutterwave Partners with MainStreet Bank for Broader Reach
Flutterwave, a top payments technology company from Africa, has announced significant developments in its Send App service. This collaboration with MainStreet Bank extends its remittance reach to 49 U.S. states, providing an enhanced platform for the African diaspora to send money back home easily and affordably.
Benefits of the Send App Expansion
Now available in almost all states, except Texas, the Send App by Flutterwave facilitates faster money transfers. The app is designed to serve as a lifeline for families in Africa, allowing loved ones to send support directly, whether for education, healthcare, or daily living expenses.
Key Features of the Send App
Send App includes a number of valuable features that enhance the user experience. Real-time support and dynamic exchange rate updates keep users informed, while an activity tracker allows them to monitor transactions effortlessly. Additionally, a voucher and referral code section adds more benefits to users by encouraging sharing and use.
The Global Impact of Remittances
In recent years, remittances to Africa have seen a remarkable rise, doubling in the past decade and recently reaching approximately $100 billion. This trend underscores the significance of maintaining connections with family, no matter the distance. Flutterwave is positioning itself as a vital player in facilitating these crucial financial transfers.
Commitment to Financial Security
Flutterwave's commitment to the security and privacy of its customers is unwavering. Olugbenga "GB" Agboola, the founder and CEO, emphasized the importance of partnering with organizations like MainStreet Bank. This partnership aims to offer a secure, efficient financial solution that maintains users' peace of mind. Every transaction aims to strengthen the bonds between the diaspora and their families back home.
MainStreet Bank's Role in the Collaboration
MainStreet Bank, recognized for its community-focused approach and technological innovations, aligns perfectly with Flutterwave’s goals. Todd Youngren, President of Avenu, a division of MainStreet Bank, commented on how this relationship enriches the banking experience for users, supporting compliance and risk management seamlessly.
Accessibility Across Platforms
The Send App is designed for user convenience and is available on both the Google Play Store and Apple App Store. This ensures that everyone, regardless of their preferred device, can access its features to make money transfers straightforward and efficient.
About Flutterwave and the Send App
Founded with the mission to simplify payments across Africa, Flutterwave supports countless transactions between the diaspora and their home countries. With over 630 million processed transactions and a total exceeding USD $31 billion, they serve various high-profile clients such as Uber and Bamboo.
Security Measures and Support
Flutterwave maintains the highest security standards, adhering to ISO certifications and PCI DSS compliance to keep user data safe. This robust framework reassures users of the safety of their funds while benefiting from 24/7 in-app support. The goal is to empower those living abroad to contribute financially without concerns over transaction safety.
All About MainStreet Bank
MainStreet Bank is a community bank committed to innovation, with assets totaling around $2 billion. Their unique Avenu platform delivers a tailored banking solution that connects users effectively, illustrating how collaboration can drive community investment and growth.
Frequently Asked Questions
1. What is the Send App by Flutterwave?
The Send App is a platform enabling Africans in the diaspora to send money back home easily, supporting various transactions.
2. How does Send App ensure security for its users?
Send App complies with global security standards including ISO certifications and PCI DSS to protect user data and funds.
3. Which countries does Send App support?
The app supports transactions to over 30 countries, making it a reliable tool for senders.
4. Who are the key partners in the Send App expansion?
MainStreet Bank is a crucial partner, facilitating the expansion of Send App’s reach across the U.S.
5. How can users access the Send App?
Users can download the Send App on both the Google Play Store and Apple App Store, making it accessible for various devices.
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