Flutterwave
Flutterwave Partners with Paypal to Transform eCommerce Payments for African Merchants
PayPal has joined forces with Flutterwave to allow PayPal users around the world to pay African merchants through Flutterwave’s platform. This collaboration is expected to 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 the demand for seamless transactions worldwide, further constraining its contributions to the global digital economy. However, this collaboration hopes to eliminate significant barriers that have previously hindered African consumers and businesses from the untapped potential of cro...
Is Africa Heading towards a Cashless Society?
Sourced from Redbubble and iStock. Cash may have traditionally been king, but Covid-19 has contributed to a faster pace of digital payment adoption. Recently, two global fintech players discussed the emergence of a plethora of digital payments and debated if cash is on its way out. Omosalewa Adeyemi, Head of Global Partnerships and Expansion at Flutterwave and Nicolas Vonthron, co-CEO of Mama Money; explored the future of payments and banking in an increasingly digital world. Sending money home during the lockdown Vonthron says Mama Money’s digital offering grew five times during lockdown as users look for ways to send money home online following sudden border closures. “There are 5 million migrants in South Africa who came to find a better future for their families. At Mama Money, w...
Uber Cash Digital Wallet Launched in Sub-Saharan Africa
Sourced from The Guardian. Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with Nigerian founded fintech Flutterwave. The arrangement will allow riders to top up Uber wallets using the dozens of remittance partners active on Flutterwave’s Pan-African network. Flutterwave operates as a business-to-business payments gateway network that allows clients to tap its APIs and customize payments applications. According to TechCrunch, Uber Cash will go live in the next two weeks for Uber’s ride-hailing operations in South Africa, Kenya, Nigeria, Uganda, Ghana, Ivory Coast and Tanzania according to Alon Lits, GM of Uber for Sub-Saharan Africa. “Depending on the country, you’ve got different top-up methods available. For example, in Nigeria, you can ...
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