Flutterwave’s Send App Launches “Share and Earn” Referral Program, Boosting Remittances for Nigerians
Flutterwave, a prominent African payments technology firm, has just unveiled its referral program, “Share and Earn,” through its cross-border remittance application, Send App. This initiative enhances the user experience by seamlessly integrating currency conversion capabilities, enabling Nigerians to easily convert Nigerian Naira (NGN) into other currencies for international transfers. This strategic integration, coupled with the new referral program, aims to boost the already significant flow of remittances into Nigeria.
Rewarding Remittances: How “Share and Earn” Works
The “Share and Earn” program is structured to incentivize both senders and receivers using Send App. Nigerian customers can earn up to ₦5,000 for successfully referring new domestic users who complete their first transaction, provided it’s at least ₦200,000. Additionally, the program provides rewards for inbound transfers from the US, UK, and Europe, benefiting both the sender and the receiver. This approach underscores the importance of remittances, especially to Nigeria, which plays a pivotal role in fueling Africa’s digital payment economy. In 2024, remittances from the Nigerian diaspora exceeded $21 billion, emphasizing their vital role in the nation’s financial health and contribution to the broader African digital payment growth, projected to reach $1.5 trillion by 2030.
In conclusion, Flutterwave’s Send App is not just simplifying international money transfers; it’s actively rewarding Nigerians for their participation in the remittance ecosystem. By incentivizing both senders and receivers through the “Share and Earn” program, Flutterwave is contributing to the growth of digital payments and solidifying its position as a leading player in the African tech space. This strategy acknowledges and harnesses the significant impact of remittances on Nigeria’s economy.
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