Partnering with Flutterwave, Gate Africa's fiat currency payment supports both ends with NGN, XAF, KES, and ZAR

Africa is accelerating to become an important force in the global cryptocurrency market. According to statistics, sub-Saharan Africa now has more than 54 million digital asset customers. Crypto adoption rates in countries such as Nigeria, Kenya, and South Africa continue to rise, and local users’ demand for convenient, secure, and low-cost deposit channels is becoming increasingly urgent.

According to the latest official updates, recently Gate has launched localized crypto buying channels in multiple African countries, enabling users to conveniently complete cryptocurrency purchases through local bank transfers and mobile payments, among other methods. At the same time, Gate has reached in-depth cooperation with Flutterwave, a top financial technology giant in Africa, connecting fiat payment networks covering key African markets such as Nigeria, Cameroon, Kenya, and South Africa. Both sides simultaneously support deposit channels for four major African mainstream fiat currencies—NGN (Nigerian naira), XAF (Central African CFA franc), KES (Kenyan shilling), and ZAR (South African rand).

This cooperation is based on Gate Connect—Gate’s secure and efficient fiat-to-cryptocurrency payment solution. Gate Connect supports more than 110 fiat currencies, aiming to provide users with a smooth and convenient purchase experience at lower fees. The platform integrates the most mainstream payment methods available today, including bank transfers by debit cards/credit cards, Apple Pay, Google Pay, PIX, PromptPay, and more—so that African users can enter the crypto world seamlessly in the most familiar way.

As of April 10, 2026, the latest exchange rates for the relevant fiat currencies against the US dollar are as follows: 1 USD ≈ 1,362 NGN, 1 USD ≈ 129.226 KES, 1 USD ≈ 16.409 ZAR, 1 USD ≈ 577.51 XAF.

Transforming African Crypto Payments—Core Advantages of Two Major Partners

Africa’s financial infrastructure has long faced challenges such as low banking coverage, high cross-border remittance costs, and severe exchange rate fluctuations. The traditional financial system has been unable to effectively serve the broad public. It is precisely in this context that Flutterwave has become one of the two leading players in Africa’s digital payments field.

As a major payments infrastructure player in Africa, Flutterwave operates across 34 African countries, supports more than 30 currencies, has processed transactions totaling over $16 billion, and serves more than 100,000 businesses. Its widely connected local payment networks (including bank transfers, mobile payments, USSD, credit cards, debit cards, etc.) provide African users with diverse payment options. Recently, Flutterwave also obtained a payment service provider and payment facilitator license in Egypt, further deepening its compliance layout across the African continent.

Detailed Guide to Four Major African Fiat Deposit Channels

Under Gate Connect’s unified framework, this collaboration between Gate and Flutterwave brings African users a direct deposit experience for four major fiat currencies.

Nigerian naira (NGN)—Nigeria is one of the countries with the highest cryptocurrency adoption rates globally. Recently, the Central Bank of Nigeria has selected six institutions, including Flutterwave, to participate in a virtual asset pilot program, promoting the industry’s move toward compliance. Meanwhile, the Nigeria SEC has raised the minimum capital requirement for digital asset exchanges to 2 billion naira. The increasingly mature regulatory environment provides a solid foundation for Gate to expand payment services in the country.

South African rand (ZAR)—As the most economically developed country in Africa, South Africa has a mature financial system and a stable regulatory framework. South Africa is one of the first African countries to implement special regulatory oversight for cryptocurrencies, providing a good environment for the compliant development of digital assets in the country. Users can purchase USDT, USDC, and various other cryptocurrencies conveniently with ZAR through Gate Connect.

Kenyan shilling (KES)—Kenya is one of the most active digital payments markets in the East Africa region, with a very high penetration rate of mobile payments. Currently, Kenya’s Ministry of Finance has issued a draft regulation for 2026 virtual asset service providers, requiring all VASPs to obtain licenses and comply with strict operating standards. As regulation becomes progressively clearer, it will further unlock market potential.

Central African CFA franc (XAF) ——XAF is the common legal tender currency of six member countries of the Economic and Monetary Community of Central Africa (CEMAC)—Cameroon, the Central African Republic, the Republic of the Congo, Gabon, Equatorial Guinea, and Chad—covering about 50 million people.

Summary

Gate and Flutterwave’s in-depth cooperation is a major milestone for Gate’s localized payment layout in the African market. Through Gate Connect’s dual-end support, deposits for the four major African fiat currencies—NGN, XAF, KES, and ZAR—are supported. Leveraging Flutterwave’s payment network covering 34 countries, and Gate Connect’s powerful platform supporting 110+ fiat currencies, users in Africa can now enter the crypto world in a more cost-effective, smoother, and more secure way.

Whether you are a beginner purchasing cryptocurrency for the first time or a high-frequency trader, Gate can provide you with a convenient and reliable localized payment experience. Visit Gate.com now to experience the local fiat deposit channel in your country/region, and easily kick off your crypto journey!