Flutterwave partners Flywire to ease e-payment for Nigerians
Leading fintech firms, Flutterwave and Flywire have announced a major partnership which will streamline e-payment transactions among individuals and businesses across the African continent and Nigeria in particular.
Announcing the partnership, the Co-founder and Chief Executive Officer of Flutterwave, Iyinoluwa Aboyeji, said “Despite the billions of dollars being invested in international education, healthcare, business as well as goods and services by Africans every year, the payment process remains complex and slow, with too much paperwork and costly information gaps.”
"Our partnership with Flywire makes it possible for people in Nigeria and all across Africa to make these investments more confidently and hassle-free. We are very proud to partner Flywire to enable more Africans to become citizens of the world," Aboyeji added.
He noted that the collaboration with Flywire will streamline payment transactions for all Nigerian students, patients, and businesses in any part of the world.
The partnership between the duo involve the integration of Rave, Flutterwave’s collections solution, that will enable students, patients, and businesses in Nigeria to pay fees, bills and also make purchases using their local ATM cards and bank accounts to perform financial transactions at the comfort of their homes and offices.
Also speaking on the partnership, the Chief Executive Officer of Flywire, Mike Massaro said, “Together with Flutterwave, we’re removing a lot of that complexity and providing a more seamless payment experience for international students, patients, and businesses.
"Nigerians will now have the convenience of being able to make digital, cross-border payments in their local currency, through electronic bank transfers, credit/debit cards, and mobile payments.
“Our partnership will also streamline the reconciliation of these payments on the receiving end for schools, hospitals and businesses.”
It will be recalled that Flutterwave is an e-payment solutions firm which provides seamless and secure payment solutions to banks and businesses across Africa. Its end-to-end payment technology and infrastructure also enable financial service providers, global merchants, licensed money transfer operators and Pan-African banks to process payments to and from Africa using a single API integration.
Similarly, Flywire is a provider of global payment and receivables solutions for education and healthcare sectors, connecting over 1,400 businesses and institutions with its customers on six continents.
Flywire also processes billions in payments per year from 220 countries and territories through bank transfer, credit cards and e-wallet solutions, in over 120 different local currencies.
With this partnership, individuals and businesses in Nigeria can now carry out their transactions in Naira easily, as all bottlenecks associated with foreign exchange have been removed.SOURCE:DAILYTRUST