Flutterwave, one of Africa’s leading payments technology start-ups, has announced that merchants can now accept eNaira payments from their customers on their platform apart from its other existing payment methods including cards, bank transfer, Barter by Flutterwave, amongst others.
The eNaira is a digital currency issued and regulated by the Central Bank of Nigeria as a medium of exchange and store of value.
The digital currency 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 via the digital currency’s mobile app.
According to the fintech company, to complete transactions on Flutterwave, users can either scan QR codes or generate one-time tokens using the app while Flutterwave merchants can enable the eNaira payment option on their dashboard for their customers’ use.
Commenting on the latest innovative payment initiative of the company, the Founder and CEO, Olugbenga Agboola, said: “With our new adoption of eNaira as a payment method on Flutterwave, we’re enabling various payment methods to merchants and their customers to ensure 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”, Agboola added.
In his remarks, Flutterwave Senior Vice President, Products and Design, Azeez Oluwafemi, further clarified: “We’re the payment solution that strives to allow individuals and businesses with various payment needs and requirements to do business, easily.
“The eNaira feature is important for the merchants and customers because it offers an alternative payment method that many users find seamless. It’s a key update to Flutterwave and we continue to look out for opportunities like this to improve our offering to our range of customers”, the digital payment expert promised.
It would be recalled that the company recently secured its Switching and Processing licence from the Central Bank of Nigeria (CBN) to offer transaction switching and card processing services to customers.
Flutterwave’s other services include agency banking and payment gateway services.
The fintech start-up, which is currently operating across Africa, Europe, North America, and other emerging markets by providing a suite of payment tools, provides technology, infrastructure, and services to enable businesses, payment service providers and Pan-African banks to accept and process payments on Web, Mobile, ATM & POS channels.
