Flutterwave asks traders to accept eNaira for transactions in Nigeria
Flutterwave, an African leading payments technology company, has announced that merchants may now accept the eNaira payments from their consumers on their platform.
This is an addition to the numerous payment options already available on Flutterwave, such as credit cards, bank transfers, Barter by Flutterwave, and others.
According to the fintech startup, retailers may make the eNaira payment option available on their dashboard for customers to use.
In order to provide consumers with transaction switching and card processing services, the firm previously stated that the Central Bank of Nigeria (CBN) has issued it with a Switching and Processing licence. Agency banking and payment gateway services are additional services.
Olugbenga GB Agboola, the founder and CEO of Flutterwave, stated: “With our recent acceptance of eNaira as a payment method on Flutterwave, we’re providing numerous payment ways to merchants and their clients to guarantee everyone has access to payment options that work for them. As we create and put into practice fresh ideas to make international payments easier for our clients, Flutterwave will continue to strive to remain at the forefront of innovation.
Senior Vice President of Products and Design, Azeez Oluwafemi, spoke on behalf of the company: “We’re the payment solution that aims to make it simple for people and companies with diverse payment demands and requirements to conduct business. Due to the fact that it provides a smooth alternative payment option, the eNaira function is crucial for both businesses and customers. It’s an important upgrade for Flutterwave, and we keep an eye out for chances like this to expand the services we provide to all of our clients.
The Central Bank of Nigeria created and governs the digital currency known as eNaira to serve as a means of trade and a store of value. Since users simply need to register and utilise the wallet through the full mobile app, it is accessible to customers with or without a bank account and was introduced on October 25, 2021. Users may use the app to create one-time tokens or scan QR codes to conduct transactions on Flutterwave.
Pan-African banks, enterprises, and payment service providers may accept and process payments through any channel thanks to Flutterwave’s technology, infrastructure, and services (Web, Mobile, ATM & POS). The business currently conducts business in Africa, Europe, North America, and other developing markets by offering a variety of payment tools that allow more than 1 million businesses to accept payments from their clients in more than 150 different currencies, including the Naira and eNaira, from anywhere in the world.
