Flutterwave, one of Africa’s leading Fintech companies, has announced a significant development that will broaden payment options for its online merchants in Nigeria.
The company has integrated American Express into its payment platform, allowing Nigerian merchants to accept payments from American Express cardholders.
This development is poised to have a substantial impact by facilitating smoother transactions with international customers and enhancing the global reach of Nigerian businesses. Also, Flutterwave has announced that this feature will be available to merchants in several other African countries which include Tanzania, Rwanda, Ghana, and Uganda, in the near future.
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Speaking on this collaboration, Flutterwave CEO and Founder, Olugbenga Agboola said,
“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 across the world can pay using Flutterwave in Africa. We understand the value of providing shoppers with payment methods that work for them, as well as helping businesses to expand their customer bases.
“This collaboration also provides more options of where to shop and what to buy to American Express cardholders across the globe. By offering American Express as a method of payment, Flutterwave will make the payment process faster and simpler for American Express card holders, and improve the experience for e-commerce businesses using Flutterwave, helping them to start locally and sell globally.”
Also speaking, the Vice President and General Manager of Global Network Services EMEA at American Express, Briana Wilsey said,
“American Express continues to expand in Africa to enable greater payment choices for businesses and consumers. Through the agreement with Flutterwave, a trusted payment provider, we are giving e-commerce merchants in Nigeria the opportunity to reach American Express Card Members around the world. The collaboration is a win-win because it also increases the number of places where our Card Members can use their Cards in Nigeria.”
Flutterwave collaboration with American Express will facilitate online transactions and offer a range of benefits for both merchants and online shoppers. These includes;
• Flutterwave merchants can attract business from a new customer base of American Express Card Members in Africa and around the world. This includes consumers with personal cards and spenders with business or corporate products. Terms and conditions apply.
• For shoppers, there is more choice when it comes to being able to select their preferred method of payment when transacting with Flutterwave merchants. This collaboration strengthens the American Express global network and increases the number of locations across Africa that can be used by American Express Card Members to purchase a range of different goods and services.
The integration of American Express into Flutterwave’s platform is expected to simplify cross-border transactions. Nigerian merchants will now find it easier to engage with international customers who prefer to use their Amex cards. This can lead to increased sales and revenue, as the barrier to accepting payments from a global clientele is significantly reduced.
Additionally, this development aligns with Flutterwave’s broader strategy of fostering financial inclusion and making it easier for African businesses to participate in the global economy. By facilitating seamless payments from international customers, Flutterwave is helping Nigerian businesses expand their footprint beyond local markets.