Flutterwave activates eNaira collections for businesses in Nigeria

Flutterwave, the leading payment technology company in Africa, has announced that merchants can now accept eNaira payments from their customers on their platform. This is an addition to other existing payment methods on Flutterwave, including cards, bank transfers, Flutterwave barter, etc.

eNaira is a digital currency issued and regulated by the Central Bank of Nigeria as a medium of exchange and a store of value. It was launched on October 25, 2021 and is available to users with or without a bank account, as they only need to register and access the wallet through the eNaira mobile app. To transact on Flutterwave, users can either scan QR codes or generate unique tokens using the app.

Flutterwave provides technology, infrastructure and services to enable global enterprises, payment service providers and pan-African banks to accept and process payments on any channel (Web, Mobile, ATM and POS). The company currently operates in Africa, Europe, North America and other emerging markets providing a suite of payment tools that enable over one million businesses to accept payments from their customers anywhere. worldwide in over 150 currencies, including Naira and eNaira.< /p>

Flutterwave merchants can enable the eNaira payment option on their dashboard for the use of their customers.

Olugbenga GB Agboola, Founder and CEO of Flutterwave, said, "With our new adoption of eNaira as a payment method on Flutterwave, we are offering a variety of payment methods to merchants and their customers to ensure that everyone has access to payment solutions that work for them. Flutterwave will continue to strive to be at the forefront of innovation as we develop and implement new solutions to facilitate global payments for our customers. »

Azeez Oluwafemi, Senior Vice President, Product and Design, said, "We are the payment solution that strives to make it easy for individuals and businesses with diverse payment needs and requirements to do business. eNaira functionality is important to merchants and customers as it provides an alternative payment method that many users find seamless. This is a key update for Flutterwave and we continue to look for opportunities like this to improve our offering to our range of customers.”

The company earlier announced the issuance of its switching and processing license from the Central Bank of Nigeria (CBN) to offer transaction switching and card processing services to customers. Other services include agency banking and payment gateway services.

About Flutterwave

Flutterwave is a leading African payments technology company that enables businesses around the world to expand their operations in Africa and other emerging markets through a platform that enables cross-border transactions via a only API.

Flutterwave has processed over 200 million transactions worth over $16 billion to date and serves over 1 million businesses, including clients like Uber, Flywire, Booking.com, and more . The main advantage of the company is the processing of international payments in 150 currencies and multiple payments. including local and international cards, mobile wallets, bank transfers, Flutterwave barter, and more. Flutterwave has infrastructure reach in over 34 African countries including Nigeria, Uganda, South Africa, etc. For more information on Flutterwave's journey, please visit: www. flutterwave.com

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