Flutterwave Teams Up With PayPal Over International Funds Transfer

Flutterwave, Africa’s leading payments technology company, today announces a new collaboration with global payment leader PayPal to enable PayPal customers globally to pay African merchants in 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.

Traditionally, Africa’s ecommerce ecosystem has lacked suitable payment solutions to meet 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 ecommerce.

Flutterwave has transformed the bills space in Africa by imparting bendy, brief and lower priced price offerings to people and groups throughout the continent. As of these days, African corporations have even greater access to promote to international clients the usage of PayPal’s steady platform to get hold of and make payments on line. Cross-border ecommerce keeps to offer vast increase opportunities for Africa’s economy. Research firm Statista estimates that the entire fee of ecommerce in Africa generated $sixteen.5 billion in 2017 and is anticipated to reach $29 billion by means of 2022. This increase capability will provide many opportunities for SMEs and freelancers worldwide, finally growing Africa’s proportion of global exchange.

This statement solidifies Flutterwave’s function as the global African charge partner of desire for multinationals looking to input new markets, similarly reassuring new and present traders and buyers of Flutterwave’s international abilities, secured platform and excessive requirements of safety.

Speaking on the declaration, Olugbenga ‘GB’ Agboola, Founder and Chief Executive Officer of Flutterwave, said: “We are excited to bring PayPal’s fully included offerings to corporations throughout Africa. The collaboration reinforces our vision of making a seamless virtual bills device for Africa’s business groups that can now transact with worldwide clients.

“By working with PayPal, we are able to further enhance our dedication to our customers and provider users as we can be allowing them to transact and increase their business operations to reach new markets. PayPal’s global reach is unrivalled and participating with them lets in our customers to explore new markets wherein PayPal is embedded.

“Through our collaboration with PayPal, we also are bringing collectively two trusted global payment manufacturers to provide thousands and thousands of customers and businesses a gateway to new opportunities,” he stated.

Since inception, Flutterwave has processed over one hundred forty million transactions worth over USD $nine billion global and keeps to increase its footprint to make certain clients and merchants get hold of the pleasant-in-elegance virtual price provider. This collaboration further underscores its dedication to ensuring merchants have great opportunities to deliver offerings and conveniently transact through its platform.

The service is now stay and the combination with PayPal may be operational across 50 African international locations and global. For transactions, clients will need to join up to Flutterwave to get right of entry to PayPal to make, get hold of and withdraw bills. To register for the service and for more records please visit: www.Flutterwave.Com.

About Flutterwave
Flutterwave is a bills era enterprise that allows corporations all around the global increase their operations in Africa and different emerging markets, via a platform that allows go-border transactions thru one API. Flutterwave has processed over 140M transactions really worth over USD $9B to this point and serves extra than 290,000 companies consisting of clients like Uber, Flywire, Booking.Com, and many others. The Company's key advantage is global price processing in 150 currencies and more than one charge modes along with nearby and worldwide cards, cellular wallets, financial institution transfers, Barter with the aid of Flutterwave and so on. Flutterwave has an infrastructure attain in over 33 African nations, which includes Nigeria, Uganda, Kenya, and South Africa. For greater facts on Flutterwave’s journey, please visit: www.Flutterwave.Com