Conflux Network and Fliqpay have partnered in a deal that will see the Lagos and Toronto based cryptocurrency payment gateway provide payment access to consumers and merchants across 19 African countries.
Fliqpay, which launched its crypto payment gateway last week, already works with several major exchange providers to offer its services in Africa, Europe, and India.
The platform seeks to provide users access to a secure and low-cost remittance service. The startup has also earmarked its remittance offering at the younger generation, likely to be the biggest users given demographics from other jurisdictions.
The partnership between Fliqpay and Conflux is part of the two firms’ plans to expand their respective services. The platforms are looking to use aggressive marketing efforts, including websites, social media, and online and offline events.
According to Conflux African Regional Marketing Manager Ehis Omozusi, working with Fliqpay “is the first step of a long-lasting partnership.” He added that Fliqpay will use this business relationship to build “a decentralized wallet on the Conflux Network.”
Fliqpay will also use the collaboration to scale its operations and reach a greater number of users on the continent. The platform should thus help its users to embrace a shift to open finance, Omozusi added.
Wole Ayodele, the CEO of Fliqpay said that partnering Conflux will enable the startup to offer African businesses a platform on which they can access fast and low-cost cryptocurrency payments.
He said that the crypto payments will settle fiat in the business’ local bank account, with no risk of chargebacks.
Fliqpay’s payments gateway supports 5 African currencies: Nigeria’s Naira, Kenyan Shilling, Ghana’s Cedis, and the South African Rand.