Flutterwave Partners with PayPal
Flutterwave has unlocked a new channel for African merchants to process seamless transactions worldwide. After successfully securing $170 million in Series C funding recently, at a $1 billion-plus valuation, Flutterwave has made another giant stride to expand its reach and ensure businesses receive the best-in-class digital payment service.
Flutterwave, Africa’s leading payments technology company recently announced a new partnership with prominent global payments technology company PayPal, to enable PayPal customers across the world to easily pay African merchants in the continent through Flutterwave’s seamless platform. This collaboration will help support SMEs and freelancers to scale through the challenges of going through complex payment processes and banking procedures, as well as connect them with over 377 million PayPal account holders worldwide. The integration is operational across 50 African countries worldwide including Nigeria, Kenya, South Africa, Egypt and more.
Read Also: Flutterwave Secures $170 Million in Series C Funding, Now Valued at over $1 Billion
Flutterwave’s partnership eliminates the restriction for African merchants to accept PayPal because once they have Flutterwave for business, PayPal becomes one of their payment types. The development removes significant constraints that have previously hindered African consumers and businesses from the benefits of cross-border e-commerce. African merchants can now receive payments directly through PayPal, and conveniently transact using the Flutterwave platform.
With this collaboration, Flutterwave is connecting Africa to the world and taking giant steps towards achieving its mission and goal to build the largest payment infrastructure in Africa.
On the new partnership, here’s what Olugbenga ‘GB’ Agboola, Chief Executive Officer of Flutterwave has to say:
“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.”
Since beginning operations in 2016, Flutterwave has transformed the African payments industry by offering flexible, quick, and affordable payment services to individuals and businesses across the continent. With this development, African businesses now have more access to transact with international customers using PayPal’s secure platform to process transactions online.