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Flutterwave Partners with PayPal

Flutterwave Partners with PayPal

, Flutterwave Partners with PayPal
Staff at the Flutterwave office. Photo credit:

For a very long time, Nigerians have agonized over their inability to accept international payments through PayPal. Creatives and especially freelancers who get paid in USD are on constant scout of the best ways to receive payment, especially with the new CBN restrictions on international transactions enforced in December 2020. Businesses and individuals without domiciliary bank accounts were restricted to receiving money through cash pickup. The process itself is fraught with delays and several other problems.

But Flutterwave CEO Olugbenga Agboola has now announced via his Twitter page that the company has partnered with PayPal in a manner that would finally allow Nigerian—and African—businesses receive payment.

The fin-tech company, founded in 2016 by a group of innovators, engineers, and ex-bankers, announced just last week that it was now worth $1 billion.

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, Flutterwave Partners with PayPal
Tayo Oviosu, Founder and CEO of Paga.

This partnership will widen the reach of Nigerian businesses, as non-Nigerians whose preferred payment option is PayPal would be more inclined towards them.

Businesses are now to go to their dashboard on the Flutterwave app or site to include PayPal as an option. Afterwards, it will display as an option to customers when they finish shopping. While it is still unclear whether individuals can use this service, it is a great step forward for Nigerian businesses.

Flutterwave inches closer day by day towards its goal of “providing businesses all around the world with a powerful, reliable and intelligent payments gateway.”

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