Nigeria’s Flutterwave Partners PayPal for Global Payments
By Adedapo Adesanya
Africa’s leading payments technology company, Flutterwave, has announced a new collaboration with global payment leader, PayPal, to enable customers to pay merchants on the continent through Flutterwave’s platform.
The collaboration will be instrumental in supporting SMEs and freelancers to overcome the many challenges presented by the highly fragmented and complex payment and banking infrastructure, as well as connecting them with more than 377 million PayPal account holders globally.
Speaking on the announcement today, Mr Olugbenga ‘GB’ Agboola, founder and Chief Executive Officer of Flutterwave, said: “We are excited to bring PayPal’s fully integrated services to businesses across Africa. The collaboration reinforces our vision of creating a seamless digital payments system for Africa’s business communities that can now transact with international consumers.
“By working with PayPal, we can further strengthen our commitment to our customers and service users as we will be enabling them to transact and expand their business operations to reach new markets. PayPal’s global reach is unrivalled and collaborating with them allows our customers to explore new markets where PayPal is embedded.
“Through our collaboration with PayPal, we are also bringing together two trusted global payment brands to provide millions of consumers and businesses a gateway to new opportunities.”
Traditionally, Africa’s e-commerce ecosystem has lacked suitable payment solutions to meet the demand for seamless transactions worldwide, further constraining its contributions to the global digital economy. However, this collaboration eliminates significant barriers that have previously hindered African consumers and businesses from the untapped potential of cross-border e-commerce.
Flutterwave has transformed the payments space in Africa by offering flexible, quick and affordable payment services to individuals and businesses across the continent.
Since its inception, Flutterwave has processed over 140 million transactions worth over $9 billion worldwide and continues to expand its footprint to ensure consumers and merchants receive the best-in-class digital payment service. This collaboration further underscores its commitment to ensuring merchants have vast opportunities to deliver services and conveniently transact through its platform.
The service is now live and the integration with PayPal will be operational across 50 African countries and worldwide. For transactions, customers will need to sign up to Flutterwave to access PayPal to make, receive and withdraw payments.