Startup Flutterwave, which provides the easiest and most reliable payment solution for businesses around the world, has partnered with PayPal to enable merchant payments in Africa.
Fintech company Flutterwave has partnered with PayPal to enable customers to pay African merchants through its platform.
According to Reuters, the partnership would connect SMEs with more than 377 million PayPal account holders around the world, removing the barrier to cross-border commerce.
The initiative comes as online payments have been boosted by the COVID-19 pandemic and people depend on mobile apps to shop and pay bills.
Flutterwave's integration with PayPal will be operational in 50 African countries and around the world.
Flutterwave was founded in 2016 by a team of former bankers, entrepreneurs and engineers who set out to provide the award-winning technology core needed to provide businesses around the world with a powerful, reliable and intelligent payment gateway.
The company is based on 5 fundamental values, for the members of this team it is about:
With the mission of simplifying payments for endless possibilities, Flutterwave wants to make it easier for Africans to create global businesses capable of making and accepting any payment, anywhere in Africa and around the world.
Note that the company has already processed more than 140 million transactions.