finance
Flutterwave Partners With PayPal To Allow Merchant Businesses Receive And Make Payment In Africa
With the fact that it was very difficult for African businesses and freelancers to receive payment through PayPal services but it appears the barrier have been uplifited as Flutterwave collaborates with PayPal to allow African merchants and freelancers make and accept payment via its platform.
Flutterwave today is announcing a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its ‘Pay with PayPal’ feature.
This new brilliant collaboration between No. 1 Global Payment Service PayPal and the No. 1 Leading Payment Service in all of Africa Flutterwave unlocks a whole new opportunity for all African businesses to do business an transact around the world through its ‘Pay with PayPal’ feature.
Flutterwave, Africa’s leading payments technology company, yesterday came out to announce the new partnership with global payment leader PayPal to enable PayPal users and customers globally to pay African merchants in the continent through Flutterwave’s ‘Pay with PayPal’ feature.
Furthermore, this alignment will be no doubt support all SMEs and freelancers to overcome the hassle presented by the highly fragmented and complex payment and banking platform, as well as connecting them with more than 377 million PayPal account holders globally.
Meanwhile, Africa’s ecommerce ecosystem has lacked suitable payment solutions to meet the demand for seamless transactions worldwide though constraining its excellent contributions to the global digital economy. In addition, this collaboration eliminates significant barriers that have previously hindered African consumers and businesses from the untapped potential of cross-border ecommerce.
The company’s announcement solidifies Flutterwave’s position as the global African payment partner of choice for multinationals furthermore looking to enter new markets, and thus reassuring new and existing merchants and investors of Flutterwave’s global capabilities, which is no doubt a secured platform and high standards of safety.
Flutterwave has transformed the bills space in Africa through imparting bendy, brief and low cost charge offerings to individuals and companies throughout the continent. As of these days, African businesses have even more access to sell to worldwide clients and thus with the usage of PayPal’s comfy platform to receive and make bills online. Cross-border ecommerce continues to offer a great boom opportunities for Africa’s economy.
Research firm Statista estimated that the total value of ecommerce in Africa generated $16.5 billion in 2017 and is predicted to attain $29 billion by way of 2022. This growth capability will provide many opportunities for SMEs and freelancers globally, and again subsequently increasing Africa’s share of worldwide trade.
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Meanwhile, elaborating on the announcement, the founder and CEO of Flutterwave Inc. Olugbenga ‘GB’ Agboola, stated: “We are excited to bring PayPal’s fully integrated services to businesses across Africa. The union reinforces our vision of creating a seamless digital payments system for Africa’s business communities that can now transact with international consumers;
The union reinforces our vision of creating a seamless digital payments system for Africa’s business communities that can now transact with international consumers.
“Furthermore, working with PayPal 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 partnering with them allows our customers to explore new markets where PayPal is embedded -He said.
He further continued saying: “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,”.
SDue to the fact inception, Flutterwave has processed over 140 million transactions worldwide worth over USD $9 billion globally and keeps to amplify its footprint to make sure clients and traders obtain the high-quality-in-class digital payment service. This collaboration further underscores its dedication to ensuring merchants have enormous opportunities to deliver offerings and with ease transact via its platform.
The feature is now live and the integration with PayPal will be operational across 50 African countries which thus means that small business owners and freelancers who use Flutterwave in places like Kenya, South Africa, Egypt, Morocco, Mauritius, Malawi, Mozambique & Senegal will be able to accept payments from PayPal users globally. In addition, users who intend to transact with customers will need to sign up on Flutterwave to access PayPal to make, receive and withdraw payments.
How to Activate Pay with PayPal Feature on Flutterwave
If you not already a registered Flutterwave user, you will need to sign up on the platform here.
Next, go into your dashboard, and follow the instructions on how to enable a payment method.
PayPal will then be displayed as an option on your checkout and your customers can checkout using that option.
About Flutterwave
Flutterwave is a payments technology company that helps businesses all over the world expand their operations in Africa and other emerging markets, through a platform that enables cross-border transactions via one API. Flutterwave has processed over 140M transactions worth over USD $9B to date and serves more than 290,000 businesses including customers like Uber, Flywire, Booking.com, etc. The Company’s key advantage is international payment processing in 150 currencies and multiple payment modes including local and international cards, mobile wallets, bank transfers, Barter by Flutterwave etc. Flutterwave has an infrastructure reach in over 33 African countries, including Nigeria, Uganda, Kenya, and South Africa. For more information on Flutterwave’s journey.
