Flutterwave have announced a new partnership with PayPal that will allow African merchants to accept payments from anywhere in the world through Flutterwave’s platform. The collaboration will aid SMEs and freelancers in overcoming the many challenges presented by the highly fragmented and complex payment and banking infrastructure whilst connecting them with more than 377 million PayPal account holders globally.
Until now, Africa’s ecommerce ecosystem has lacked suitable payment solutions to meet demand for seamless transactions worldwide, creating barriers to the potential contributions Africa could make to the global digital economy. The partnership will eliminate those barriers by offering flexible, quick and affordable payment services to individuals and businesses across the continent.
“By working with PayPal, we can further strengthen our commitment to our customers and service users as we will be enabling them to transact and expand their business operations to reach new markets. PayPal’s global reach is unrivalled and collaborating with them allows our customers to explore new markets where PayPal is embedded.
Through our collaboration with PayPal, we are also bringing together two trusted global payment brands to provide millions of consumers and businesses a gateway to new opportunities,”
– Olugbenga ‘GB’ Agboola, Founder and Chief Executive Officer of Flutterwave
As of today, African businesses have even more access to sell to global customers using PayPal’s secure platform to receive and make payments online. Cross-border ecommerce continues to provide significant growth opportunities for Africa’s economy. This announcement solidifies Flutterwave’s position as the global African payments partner of choice for multinationals looking to enter new markets, further reassuring new and existing merchants and investors of Flutterwave’s global capabilities, secured platform and high standards of safety.