Africa’s leading payments technology company, Flutterwave, has announced a new partnership with global payment solutions platform, PayPal.
This was contained in a statement released on Tuesday by the company’s Head, Branding and Storytelling, Yewande Akomolafe-Kalu.
According to the statement, the new partnership allows African businesses and people living in the continent to receive payments from Paypal users globally through Flutterwave.
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.
The company explained that Flutterwave’s integration with PayPal is live and operational across 50 African countries and worldwide, adding that Flutterwave’s merchants in Kenya, South Africa, Egypt, Morocco, Mauritius, Malawi, Mozambique and Senegal are also able to easily accept payments from PayPal users worldwide.
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.
Flutterwave recently clinched a $170m grant, raising the fortunes of the company to over $1bn within a space of less than five years. The company helps businesses build customisable payments applications through its Application Programming Interface.