Flutterwave: The Game-Changer in Online Payments in Africa
Tags: business, ecommerce, mobile
Published: 2019-09-27 12:42:04

For the entrepreneur in Africa who wants to build a global business, the one thing that is foremost in his mind is the seamless way of accepting payments around the world. For the consumer who wants to shop online, pay utility bills, send and receive funds globally, or has a payment need, his desire is a convenient way of carrying out these transactions, especially through his phone. 

Foreign companies already in the African market or those about to venture in constantly seek for a safe payment platform solution, which can verify transactions and also stay on top of exchange rates. 

The one-stop solution to these problems is Flutterwave inc. 


Founded in 2016, Flutterwave is an online payment technology solution that provides the technology core needed to give businesses all around the world a powerful, reliable and intelligent payment gateway.

The services Flutterwave provides are embodied in two core products: Rave by flutterwave and the GetBarter app. 


Rave: 


This is a service that enables merchants to accept global payments from card, individual bank accounts, QR Codes, Mobile Money and USSD transactions.

It is a completely integrated global payments platform that makes building a business easier, secure and reliable. With 150+ supported currencies, high conversion fees are avoided, and funds can be received in local currency. 

Rave has a consolidated payment solution which makes accepting payments easy either in person, in app/website or on social media. From Shopify to Woocommerce plugins, Wix website payments to Kenyan mobile payment service M-Pesa, Rave is the platform you need.

Rave’s all-in-one dashboard includes the essential and reliable tools to help you manage multiple businesses and payout to as many customers as possible. 24/7 support organized and managed by Flutterwave is also available to help integrate Rave into your app/website.


Barter:

Everyone has a to-do list. Quite frankly, getting down to them is daunting. We are always looking for ways to ease ourselves of the stress of completing these tasks. 

When it comes to the task of managing your funds, the Barter app is your friend. Think of this app as your better-financial-half, that comes to support you, make your life easier and your day-to-day living smoother. 




This online payment product is designed to improve your shopping experience, utility payments, receiving/sending money, and moving around both online and offline. Barter lets you create a virtual Naira Mastercard, a visa dollar card, and multiple dollar cards to manage your subscriptions. You can have one for Spotify, one for Amazon prime, or one for Uber. 

Now talking about Uber, you can add your barter virtual card to your Uber app and get 0.5% cash-back after every ride. This amazing feature is known as the Barter reward.

The barter wallet notifies you of where your money is moving next and gives you full control of how much you are spending. You can get detailed reports which show your spending patterns. You can also add your bank account to your app dashboard and manage funds in the local currency. 

The game-changer in mobile payments in Nigeria is here!


Achievements

Are you still in doubt about why Flutterwave is called the game-changer? Well, wonder no more as this company has truly lived up to its name. Over the years, it has been recognized for some of its notable achievements such as

Successfully processed transactions worth $2.6bn with just 26,000 transactions in 2018
Completed a Series A round of financing in 2018, which brought major investors on the Flutterwave board of directors
Received the “Best Payment Company” award at the Ghana eCommerce awards ceremony in November of 2018
Experienced a 550% growth rate in the customer base of Rave, and retained partnerships with key customers like Uber, Arik Air, Booking.com and Flywire.
Granted ISO 27001 and 22301 Certifications as proof of its ability to establish, maintain and continually improve information security management system.
And quite recently in 2019, integrated with Alipay (largest payment portal in China), which automatically gives all Flutterwave merchants access to over 1 billion Alipay users. 

What a feat!


Though Flutterwave has a lot of pros like the ease and efficiency in managing payments across the globe, it is not without its cons. Some of the rave by flutterwave reviews have shown that users have experienced difficulty in signing up, Rave account verification and linking bvn to their GetBarter account. 

Well, these users can rest assured that measures are constantly being put in place to give them a wonderful experience and solve any further issues that may arise.

In the words of the CEO Olugbenga GB Agboola, “Our focus is to grow businesses within and outside Africa”, Flutterwave aims to stay on top of the game with its great technology and experience. So, it is safe to say that your life and business will be better for it, as you work with this trusted partner, and let them guide your company into the global digital economy.