Flutterwave: Africa's Online Payment Solution

(Eugene Ofarn-Uba) #1

In the global economy, eCommerce is the order of the day. A massive amount of online businesses have have emerged all over the world and these businesses offer services to consumers who pay through payment gateways. Startups, SMEs (Small and Medium scale Enterprises) and even larger corporations also utilize these payment gateways to handle their day-to-day transactions securely.

Even with the all time increase in all time increase in the creation of startups and businesses in Africa, the the continent still suffer from harmful stereotypes of cyber-crime which result in most payment systems largely limiting the type and freedom of online monetary transaction in Africa. This prevents these indigenous businesses from reaching a larger and global consumer pool

Flutterwave payment system is the solution to this problem.

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Founded in 2016 by two Nigerian entrepreneurs, Iyinoluwa Aboyeji and Olugbenga Agboola to provide a solution to the fragmented state of online payments in Africa. Flutterwave is a Fintech company built by Africans for Africans. It is an end-to-end payment platform that makes it easier for banks and businesses to process their payments across Africa and over the world. They eliminate the need for domiciliary accounts and separate currency accounts for your international transactions by customizing your payments in your own currency. All of these are done seamlessly in one Flutterwave account.

WHAT ARE THEIR PRODUCTS?

Rave by Flutterwave

One of Flutterwave’s finest products that allows for businesses to interface with their customers, accept payments from various credit cards and banks, mobile wallets from all over the world while handling these transactions efficiently and securely. This Flutterwave API has been integrated in several major eCommerce websites like Shopify and WooCommerce and major service companies like Uber, Quickbooks and Wakanow

Barter

Another one of Flutterwave’s products that is more consumer-based. This handles payments from the consumer side. It facilitates personal and small merchant between between people in the same country and across the world.

With a boast of over $2.5 billion in payments processes, 100 million transactions processed, 50 bank partners in Africa and over 1200 developers tirelessly working to make your transactions secure, efficient and seamless, Flutterwave is the number one choice for any and all payment transactions.

From the words of Flutterwave CEO, Olugbenga Agboola,

“Payment is people, and people matter