Optimized Version: Right Time to Buy and Sell
Flutterwave, a leading financial technology company in Africa, has expanded its foreign exchange service, Swap, making it available on the Send App.
This development provides Nigerians with a fast, secure, and reliable way to exchange foreign currencies at competitive rates. Users of the Send App can now seamlessly convert or transfer Nigerian Naira (NGN) into US Dollars (USD), British Pounds (GBP), and Euros (EUR), with more currency options expected in the near future.
Swap operates under the authorization of the Central Bank of Nigeria (CBN) and has official partnerships with Kadavra BDC and Wema Bank to facilitate digital foreign exchange transactions and outbound international payments.
The service is designed to meet diverse needs—whether it’s parents sending money to children studying abroad, individuals supporting family members with medical expenses, or professionals managing international business transactions.
Speaking on this expansion, Olugbenga ‘GB’ Agboola, CEO of Flutterwave, stated:
“Making Swap available on the Send App is a game-changer for both individuals and businesses in Nigeria. Our goal has always been to simplify payments and unlock new opportunities for Nigerians in the global market. With this update, we are bridging financial gaps and making it easier for people to send money internationally with confidence.”
This upgrade comes at a crucial time when many Nigerians and businesses are facing limited access to foreign currencies, making international trade, investments, and financial growth more challenging. By providing a transparent and regulated solution, Swap enhances economic participation and empowers Nigerians to take advantage of global opportunities.
Temiloluwa Adesina, Senior Product Manager at Swap, emphasized the significance of this move, stating:
“We recognize the financial struggles our customers encounter and are dedicated to offering solutions that make a real impact. Bringing Swap to the Send App reinforces our commitment to supporting African users by ensuring they have seamless access to foreign exchange whenever they need it.”
How Nigerians Can Leverage Swap to Make Money
Now that Swap is integrated into the Send App, Nigerians can capitalize on this service in multiple ways to generate income. Below are some profitable opportunities:
1. Arbitrage Trading
Since Swap offers competitive exchange rates, Nigerians can take advantage of price differences between local black-market rates and official digital FX platforms like Swap. By buying low and selling high, traders can generate steady profits. However, it’s important to monitor exchange rates and comply with regulations to avoid financial risks.
2. Freelancing & Remote Work
With easier access to USD, GBP, and EUR, Nigerian freelancers can now accept payments from international clients and withdraw funds at favorable rates. Platforms like Fiverr, Upwork, and Toptal offer high-paying jobs for skilled workers in fields like writing, programming, and graphic design.
3. E-Commerce & Import Business
For entrepreneurs who import goods from the US, UK, or Europe, Swap simplifies currency conversion, reducing the cost of sourcing foreign currencies. This enables smoother transactions with international suppliers and makes pricing more competitive in the Nigerian market.
4. Travel and Education Services
Many Nigerians require assistance with visa applications, school fees, and travel bookings. Service providers can use Swap to facilitate payments for students and travelers, earning commissions or service charges in the process.
5. International Money Transfers
Those with relatives abroad can use Swap to send money efficiently, avoiding unreliable black-market middlemen. Additionally, individuals can act as trusted forex exchange agents, helping others convert currency and charging a small service fee.
6. Cryptocurrency and Forex Trading
Swap gives users access to foreign currencies, which they can invest in international forex trading or cryptocurrency markets. With platforms like Binance, Coinbase, and Forex brokers, Nigerians can trade assets in USD and profit from market fluctuations.
7. Digital Entrepreneurship
With global payment access, Nigerians can start digital businesses such as dropshipping, affiliate marketing, and content creation. Swap allows them to receive payments easily from global platforms like Amazon, YouTube, and Shopify.
Final Thoughts
Flutterwave’s Swap on Send App is a game-changer for Nigerians looking to earn in foreign currency or simplify international transactions. By leveraging this platform, individuals and businesses can overcome forex limitations, expand their income streams, and engage in the global economy with confidence.
