PayPal And Flutterwave Partner To Enable African Merchants Receive Payments
Thanks to Nigeria’s leading payment merchants, PayPal users anywhere in the world can now pay African merchants directly, thanks to a new partnership between the US payments giant and Flutterwave.
People in the US and other countries where PayPal is available will see “Pay with PayPal” on a Flutterwave merchant’s checkout page, provided the merchant has enabled the option.
The PayPal integration, in particular, opens African SMEs and freelancers up to more international demand.Until this partnership with Flutterwave, PayPal was not available for people in the diaspora who needed to make payments to African me
Founded in 1998, PayPal was one of the first companies to create the internet’s infrastructure for cross-border payments. As of 2020, it had 377 million customers in more than 200 countries. Those customers transacted $936 billion in payment volume in 2020.
According to a statement by Flutterwave, the integration with PayPal is live and operational across 50 African countries and worldwide.
That means small business owners and freelancers who use Flutterwave in places like Kenya, South Africa, Egypt, Morocco, Mauritius, Malawi, Mozambique & Senegal will be able to accept payments from PayPal users worldwide.
Olugbenga Agboola, Flutterwave’s CEO, said the partnership reinforces the Nigerian company’s vision of “creating a seamless digital payments system for Africa’s business communities that can now transact with international consumers.”
The move comes barely a week after Flutterwave announced the close of a $170 million Series C round which values it as a unicorn.
The motivation behind this integration with PayPal is to fuel more e-commerce activity in Africa.
Since April 2020 when they launched Flutterwave Store, Flutterwave has channeled energy into enabling online sales for merchants and freelancers in markets where it operates.
Alongside their unicorn announcement last week, Flutterwave rolled out Flutterwave Mobile.
Flutterwave Mobile is an app created for the small business owner who needs to use their mobile phone as a handy point of sale machine (POS) and online store. Flutterwave merchants can accept payment card payments by generating a link, as well as bank transfers, mobile money, USSD, and now PayPal payments.
Source: https://techcabal.com/2021/03/16/paypal-available-on-flutterwave-merchant-payments-africa/
