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International Funds Transfer: Flutterwave Teams Up With PayPal - Business - Nairaland

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How Can I Receive International Funds Into My Uba Savings Account / Flutterwave Teams Up With Paypal To Make It Easier For African Businesses / UBA Rakes N5.5bn From Funds Transfer Fee In Nine Months (2) (3) (4)

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International Funds Transfer: Flutterwave Teams Up With PayPal by Qtsnow(m): 9:02am On Mar 16
FLUTTERWAVE TEAMS UP WITH PAYPAL TO MAKE IT EASIER FOR AFRICAN BUSINESSES TO ACCEPT AND MAKE PAYMENTS

New collaboration unlocks opportunity for African businesses to do business around the world.

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 payments space in Africa by offering flexible, quick and affordable payment services to individuals and businesses across the continent. As of today, African businesses have even more access to sell to global customers using PayPal’s secure platform to receive and make payments online. Cross-border ecommerce continues to provide significant growth opportunities for Africa’s economy. Research firm Statista estimates that the total value of ecommerce in Africa generated $16.5 billion in 2017 and is expected to reach $29 billion by 2022. This growth potential will provide many opportunities for SMEs and freelancers worldwide, subsequently increasing Africa’s share of global trade.

This announcement solidifies Flutterwave’s position as the global African payment partner of choice for multinationals looking to enter new markets, further reassuring new and existing merchants and investors of Flutterwave’s global capabilities, secured platform and high standards of safety.

Speaking on the announcement, Olugbenga ‘GB’ Agboola, Founder and Chief Executive Officer of Flutterwave, said: “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,” he said.

Since inception, Flutterwave has processed over 140 million transactions worth over USD $9 billion worldwide and continues to expand its footprint to ensure consumers and merchants receive the best-in-class digital payment service. This collaboration further underscores its commitment to ensuring merchants have vast opportunities to deliver services and conveniently transact through its platform.

The service is now live and the integration with PayPal will be operational across 50 African countries and worldwide. For transactions, customers will need to sign up to Flutterwave to access PayPal to make, receive and withdraw payments. To register for the service and for more information please visit: www.flutterwave.com.


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, please visit: www.flutterwave.com
https://techcrunch.com/2021/03/15/flutterwave-and-paypal-partner-to-allow-african-merchants-to-accept-and-make-payments/

26 Likes 3 Shares

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by olushollys(m): 9:20am On Mar 16
Great

2 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by franchasng: 9:38am On Mar 16
This is beautiful. Wonderful if true

8 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by mimilogistics: 9:40am On Mar 16
What a great development for Nigerian entrepreneurs who work and earn online. Flutterwave must make sure some unscrupulous elements in Nigerian cyber space doesn't turn this great opportunity to another scam tool.

55 Likes 3 Shares

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by noskyboy(m): 9:53am On Mar 16
This is good one. I just checked on my Flutterwave dashboard and enabled it. ���

16 Likes 2 Shares

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Nobody: 9:59am On Mar 16
Fintech, the only thing working in Nigeria at the moment!

45 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Uncleodi(m): 9:59am On Mar 16
Nice one
Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Cutezt(m): 10:00am On Mar 16
Good one, but my only challenge with Flutterwave is that their Naira to dollar exchange rate is too high, they charge 498 to a dollar to pay while Nigerian banks charge around 440-455.

20 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by thoollz: 10:01am On Mar 16
See young people with brains trying to make life easier. With all the "experiences" our old leaders have, they still want to make life miserable for the common man. See crypto giving us joy, just because of their callous nature, they want people to struggle and be poor.

17 Likes 1 Share

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Roguescholar: 10:01am On Mar 16
Omo!!! Finally, no more "I can't recieve funds with Paypal". Nive one Flutterwave. Leading the way.

6 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Antoeni(m): 10:02am On Mar 16
Be a Woman Who is Hungry For Success Not a woman who is Hungry for a Successful Man.

11 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by GeneralPula: 10:02am On Mar 16
noskyboy:
This is good one. I just checked on my Flutterwave dashboard and enabled it. ���

I can see bank accounts?

You linked your bank account right?
Re: International Funds Transfer: Flutterwave Teams Up With PayPal by hollas2jnr(m): 10:02am On Mar 16
This would bring about loads of opportunities to online businesses.

11 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by dumahi(m): 10:02am On Mar 16
Big
Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Roguescholar: 10:02am On Mar 16
franchasng:
This is beautiful. Wonderful if true

It's TRUE. I have a Flutterwave accout and PayPal is available now

8 Likes 2 Shares

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by CSTRR: 10:03am On Mar 16
JayJohnson:
Fintech, the only thing working in Nigeria at the moment!

It has no room for quota system and so there are very few northerners there.

That's the secret.

67 Likes 4 Shares

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by CSTRR: 10:05am On Mar 16
Interswitch must be worried now.
Innovate or die.

18 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Reinaldo: 10:05am On Mar 16
We need smart people in government.

7 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Awesomeking(m): 10:05am On Mar 16
All this one na story.. Can we now do international transfer of funds to nigerian bank accounts again? Cuz i am tired of going to the bank and waiting for Western union or worldremit to load on system.. I miss using transferwise and receiving alert on my phone from a whole different country damn

3 Likes 1 Share

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by FiverrTutor(m): 10:06am On Mar 16
Damn I love technology....... I'm so so damn excited

5 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Yewandequeen(f): 10:06am On Mar 16
Nice move
Re: International Funds Transfer: Flutterwave Teams Up With PayPal by mywells: 10:06am On Mar 16
How does it work,i want to send money to my brother in india
Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Nobody: 10:06am On Mar 16
Na to put Coti in my stash oo
Coti partnered with paypal too
Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Nobody: 10:07am On Mar 16
CSTRR:

It has no room for quota system and so there are very little northerners there.

That's the secret.

Correct, you don't also need government for nothing there! Just register your company with CAC and CBN

2 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Tedpgrass: 10:09am On Mar 16
Great development.

.

1 Like

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by noskyboy(m): 10:11am On Mar 16
GeneralPula:


I can see bank accounts?

You linked your bank account right?

Yes. You have to have a primary bank account linked.

3 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Goel: 10:11am On Mar 16
mywells:
How does it work,i want to send money to my brother in india
Use Western Union or direct net banking.

UPI is even faster and safer way but I'm not sure if it's available for non-Indian people.

1 Like

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by CSTRR: 10:12am On Mar 16
How soon before the Fulani in the FG start talking about marginalisation in the tech sector and establishing a quota system to force northern employment into private tech companies.

26 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by noskyboy(m): 10:12am On Mar 16
mywells:
How does it work,i want to send money to my brother in india

It's quite easy. You need to have a Flutterwave account first tho
Re: International Funds Transfer: Flutterwave Teams Up With PayPal by psyqs(m): 10:12am On Mar 16
Nice
Re: International Funds Transfer: Flutterwave Teams Up With PayPal by Nobody: 10:13am On Mar 16
JayJohnson:
Fintech, the only thing working in Nigeria at the moment!

Only because quota system hasn't gotten to it


If the alhajis bearu de chanji sees it as threat like bitcoin a call would be enough to frustrate it

3 Likes

Re: International Funds Transfer: Flutterwave Teams Up With PayPal by softset: 10:14am On Mar 16
This will create legitimate business opportunities that the Nigerian entrepreneur has been yearning for.

Now the small guy will be comfortable selling his products or services to the international market without bypassing any legal process.

To those hard working guys in Nigeria, the opportunity has arrived.

Congratulations!!!

16 Likes

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