Flutterwave’s "Pay with Bank Transfer" Feature
Flutterwave’s ‘Pay with Bank Transfer’ is picking up and in the process of informing us, Flutterwave dropped a big stats: "The value of transactions via the Nigeria Interbank Settlement System Instant payment (NIBSS) system rose to N41.48tn in the first five months of 2019. This is a 36% increase in the value of the transactions when compared with N30.448tn in the first five months of 2018.”
Nine weeks ago, Flutterwave launched its Pay with Bank Transfer feature. The feature has been used in more than 20,000 transactions and the success rate has been 100% according to an announcement by the company. The Pay with Bank Transfer feature allows merchants to offer the instant transfer payment method they are already familiar with to their customers. (TC Daily)
Every fintech must find a way to innovate to win the big prize which is disruption of the 98% cash of the yearly $301 billion consumer transactions in Nigeria.