Flutterwave Teams Up with MainStreet Bank for a Wider Reach
Flutterwave, a leading payment technology company from Africa, has announced exciting updates regarding its Send App service. This new partnership with MainStreet Bank expands its remittance capabilities to cover 49 U.S. states, making it easier and more affordable for the African diaspora to send money back home.
Advantages of the Send App Expansion
The Send App is now available in nearly all states, with Texas being the only exception. This feature-rich app enables quick money transfers, acting as a lifeline for families in Africa. It allows loved ones to send financial assistance directly for various needs, whether it's for education, healthcare, or everyday living expenses.
Highlights of the Send App
The Send App boasts a range of valuable features that enhance its usability. Users receive real-time support along with dynamic exchange rate updates, ensuring they stay informed throughout their transactions. There's also an activity tracker for easy monitoring of financial activities. Plus, features like a voucher and referral code section incentivize users to share the app and enjoy additional perks.
The Worldwide Impact of Remittances
In recent years, remittances to Africa have surged tremendously, doubling over the past decade and recently hitting around $100 billion. This trend highlights the critical need to maintain familial ties across distances. Flutterwave is positioning itself as a key player in making these essential financial transfers seamless.
Dedication to Financial Security
Flutterwave stands firm in its commitment to protecting its customers' security and privacy. Olugbenga "GB" Agboola, the founder and CEO, stressed the importance of teaming up with organizations like MainStreet Bank to ensure secure and efficient financial solutions that put users' minds at ease. Each transaction is aimed at reinforcing the connections between the diaspora and their families back home.
MainStreet Bank's Contribution to the Partnership
MainStreet Bank, known for its community-oriented approach and tech innovations, aligns perfectly with Flutterwave’s mission. Todd Youngren, President of Avenu, a division of MainStreet Bank, shared how this partnership enriches the banking experience, effortlessly supporting compliance and risk management.
Accessibility on Multiple Platforms
The Send App is user-friendly and available on both the Google Play Store and Apple App Store. This ensures that anyone, no matter their preferred device, can access its features for straightforward and efficient money transfers.
About Flutterwave and the Send App
With a mission to simplify payments throughout Africa, Flutterwave has facilitated countless transactions between the diaspora and their home countries. They've processed over 630 million transactions, totaling more than USD $31 billion, and serve prominent clients like Uber and Bamboo.
Security Protocols and User Support
Flutterwave follows stringent security practices, including adherence to ISO certifications and PCI DSS compliance, to ensure user data remains protected. This robust framework provides reassurance about the safety of their funds while users enjoy 24/7 in-app support, empowering those living abroad to send money without worrying about transaction security.
Learn About MainStreet Bank
MainStreet Bank is a community bank dedicated to innovation, with assets around $2 billion. Their unique Avenu platform provides a personalized banking solution, demonstrating how collaboration can inspire community investment and growth.
Frequently Asked Questions
1. What is the Send App by Flutterwave?
The Send App allows Africans living abroad to send money home easily while supporting a variety of transactions.
2. How does the Send App ensure user security?
It adheres to international security standards, including ISO certifications and PCI DSS compliance, to safeguard user data and funds.
3. Which countries can users send money to via the Send App?
The app supports money transfers to over 30 different countries, making it a reliable option for users.
4. Who are the main partners involved in the Send App expansion?
MainStreet Bank plays a vital role in expanding the reach of the Send App throughout the U.S.
5. How can users download the Send App?
Users can easily download the Send App from both the Google Play Store and Apple App Store, ensuring access on various devices.
