In a move set to revolutionize e-commerce in Nigeria, Flutterwave has announced that its online merchants can now accept American Express payments. This development, which took place on August 20, 2024, marks a significant milestone in Flutterwave’s mission to connect Africa to the global economy through seamless payment solutions.
The integration allows American Express Card Members, whether they hold consumer, business, or corporate cards, to make direct payments to e-commerce businesses in Nigeria that use Flutterwave’s platform. This service is not limited to Nigeria alone; Flutterwave plans to extend this capability to merchants in Tanzania, Rwanda, Ghana, and Uganda soon.
This collaboration between Flutterwave and American Express brings a host of benefits to both merchants and online shoppers. For Flutterwave merchants, it opens up a new customer base, attracting American Express Card Members from across Africa and worldwide. This expansion of payment options is expected to boost sales and give businesses access to a broader market.
Olugbenga ‘GB’ Agboola, the Founder and CEO of Flutterwave, emphasized the company’s commitment to bridging payment gaps. He stated, “At Flutterwave, we’re always looking for ways to connect the world to Africa through payments. This is one of our initiatives to ensure that more people worldwide can pay using Flutterwave in Africa.”
Agboola further highlighted the importance of providing flexible payment options, noting that this collaboration simplifies transactions for American Express cardholders and enhances the experience for e-commerce businesses using Flutterwave. This integration aligns with Flutterwave’s vision of helping companies “start locally and sell globally.”
From American Express’s perspective, this partnership represents a strategic move to expand its African presence. Briana Wilsey, Vice President and General Manager of Global Network Services EMEA at American Express, described the collaboration as a “win-win.” She pointed out that it increases the number of locations where American Express Card Members can use their cards in Nigeria while simultaneously offering e-commerce merchants in the country the opportunity to reach American Express Card Members worldwide.
This development is part of a broader trend of Flutterwave’s expansion and innovation in the African fintech space. Earlier in August 2024, the company received a Payment Service Provider license from the Bank of Ghana, allowing it to operate independently without third-party services. This license is expected to streamline payment processes for businesses and customers in Ghana.
Flutterwave’s growth trajectory has been impressive. The company processes over 630 million transactions exceeding $31 billion. It serves diverse clients, from global giants like Uber to local African businesses such as Air Peace, Bamboo, and PiggyVest.
Integrating with American Express is not Flutterwave’s first foray into partnerships with global payment providers. In 2021, the company collaborated with PayPal to enable African merchants to receive payments from PayPal users worldwide. However, it’s worth noting that this service is available only in select African countries and does not include Nigeria.
As Flutterwave continues to expand its services and partnerships, it reinforces its position as a leading payments technology company in Africa. The American Express integration is expected to significantly boost cross-border trading, providing Nigerian merchants access to a global customer base and offering American Express cardholders more options for where to shop and what to buy in Africa.
This latest move by Flutterwave demonstrates the company’s commitment to creating a more connected and accessible payment ecosystem in Africa. As e-commerce continues to grow on the continent, such partnerships will likely play a crucial role in facilitating global trade and economic growth.
ibbya329ut4ih024t
Share post:
In a move set to revolutionize e-commerce in Nigeria, Flutterwave has announced that its online merchants can now accept American Express payments. This development, which took place on August 20, 2024, marks a significant milestone in Flutterwave’s mission to connect Africa to the global economy through seamless payment solutions.
The integration allows American Express Card Members, whether they hold consumer, business, or corporate cards, to make direct payments to e-commerce businesses in Nigeria that use Flutterwave’s platform. This service is not limited to Nigeria alone; Flutterwave plans to extend this capability to merchants in Tanzania, Rwanda, Ghana, and Uganda soon.
This collaboration between Flutterwave and American Express brings a host of benefits to both merchants and online shoppers. For Flutterwave merchants, it opens up a new customer base, attracting American Express Card Members from across Africa and worldwide. This expansion of payment options is expected to boost sales and give businesses access to a broader market.
Olugbenga ‘GB’ Agboola, the Founder and CEO of Flutterwave, emphasized the company’s commitment to bridging payment gaps. He stated, “At Flutterwave, we’re always looking for ways to connect the world to Africa through payments. This is one of our initiatives to ensure that more people worldwide can pay using Flutterwave in Africa.”
Agboola further highlighted the importance of providing flexible payment options, noting that this collaboration simplifies transactions for American Express cardholders and enhances the experience for e-commerce businesses using Flutterwave. This integration aligns with Flutterwave’s vision of helping companies “start locally and sell globally.”
From American Express’s perspective, this partnership represents a strategic move to expand its African presence. Briana Wilsey, Vice President and General Manager of Global Network Services EMEA at American Express, described the collaboration as a “win-win.” She pointed out that it increases the number of locations where American Express Card Members can use their cards in Nigeria while simultaneously offering e-commerce merchants in the country the opportunity to reach American Express Card Members worldwide.
This development is part of a broader trend of Flutterwave’s expansion and innovation in the African fintech space. Earlier in August 2024, the company received a Payment Service Provider license from the Bank of Ghana, allowing it to operate independently without third-party services. This license is expected to streamline payment processes for businesses and customers in Ghana.
Flutterwave’s growth trajectory has been impressive. The company processes over 630 million transactions exceeding $31 billion. It serves diverse clients, from global giants like Uber to local African businesses such as Air Peace, Bamboo, and PiggyVest.
Integrating with American Express is not Flutterwave’s first foray into partnerships with global payment providers. In 2021, the company collaborated with PayPal to enable African merchants to receive payments from PayPal users worldwide. However, it’s worth noting that this service is available only in select African countries and does not include Nigeria.
As Flutterwave continues to expand its services and partnerships, it reinforces its position as a leading payments technology company in Africa. The American Express integration is expected to significantly boost cross-border trading, providing Nigerian merchants access to a global customer base and offering American Express cardholders more options for where to shop and what to buy in Africa.
This latest move by Flutterwave demonstrates the company’s commitment to creating a more connected and accessible payment ecosystem in Africa. As e-commerce continues to grow on the continent, such partnerships will likely play a crucial role in facilitating global trade and economic growth.