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Flutterwave: The Best Online Payment Gateway In Africa - Business - Nairaland

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Flutterwave: The Best Online Payment Gateway In Africa by Davluck(m): 7:49am On Sep 27, 2019

Flutterwave is arguably the best e-payment gateway in Africa right now, It is a payment API that makes it easier for banks and businesses to process payments across Africa. It allows users to buy and receive money in their local currency, takes care of integrating banks and payment-service providers into its platform so businesses don’t have to take on the expense and burden, It also allows users to manage their finances, make payments and subscriptions.


Paypal came with lots of expectations but failed to meet up with the demands of users in Africa. In June 17, 2014, it was made official in Nigeria. However, Nigerians and some African users can only make online payments and send funds, It does not allow users to receive funds making it extremely difficult for Nigerians and some Africans to receive funds.
Flutterwave was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola with the mindset of changing the way the world does business globally and a team of engineers, ex-bankers and entrepreneurs that provides the award-winning technology core needed to provide business all around the world a powerful, reliable and intelligent payments gateway, staying ahead of the industry by challenging their products and improving on every feature they offer and according to company data, has processed 100 million transactions worth $2.6 billion with over 26,000 businesses. Their headquarters is in San Francisco with offices in Lagos, Nairobi, Accra, and Johannesburg.



Flutterwave recently partnered with Visa to launch a user payment product called Barter.

Barter was created to solve a global problem, the problem of tracking and understanding expenses as an individual, team or corporate. It provides a virtual card creating a platform where people can create cards for specific use cases and track the spending on those cards.

Barter App is user-friendly and easy to use, it allows users to send money to friends near you easily with peer to peer payments, manage their finances and buy airtime anytime you want. It is designed to help focus more on enjoying life and less on how to spend, send and borrow money. You can download from the Android Play store or Apple AppStore.
For more details https://flutterwave.com/ng/online-payments-products/barter/


Rave is another Flutterwave product, It is an easy way to make and accept payments from customers anywhere in the world, with secure and reliable tools.

Rave payment solution allows businesses to accept a range of payment methods in their local currency from customers across the world with secure and reliable tools making it easier.
Rave accepts all payment methods thereby opening your business to more opportunities by letting you accept a range of payment methods from customers around the world from customers in over 154 countries and over 150 currencies supported. With no monthly or set up fee, you can start with right away and only pay for the transactions you accept.
For more details https://flutterwave.com/ng/online-payments-products/rave/


In summary, Flutterwave has successfully created an easy way to send and receive payment across the world, bridging the gap between banks and businesses across Africa with their payment gateway (Rave) and their financial app (Barter).

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