Flutterwave – Bringing African Payments into the future

desertgamer-tech — Wed, 25 Sep 2019 17:38:26 +0000

The Problem
In case you did not know, today the global e-commerce sector is worth an estimated $29 trillion with over 1.3billion people taking part and despite ¼ of the world population involved in e-commerce; no African country is in the top 10 list of countries:

A major reason why African businesses have not been able to grow quickly is the difficulty in accepting payments for goods and services online from all over the world. You cannot sell if people cannot pay.

The Answer? Enter Flutterwave
To solve the problem, Flutterwave was founded in 2016 to enable African companies to make and accept payments on their online platforms from customers anywhere in the world. This means that if you have a website selling a product, customers in any country globally can buy your products and pay easily on your website with their local bank cards.
The entry of Flutterwave was a big innovation for African payments and it has shown. In just a few years, Flutterwave has helped over 25 thousand merchants process more than $2.3billion in eCommerce transactions! An incredible achievement in less than 4 years!

So how does Flutterwave solve the African Payments Problem?
Innovation and Technology: Flutterwave has connected their platforms to all the main payment platforms such as Mastercard, Visa and Banks. They have also connected their platforms to all the ways people make payments from mobile networks (SMS, USSD, Mobile Money) to online shops, to bank accounts.
With this connected platform, Flutterwave can offers its customers one place to collect money from customers and receive money into their accounts. To make it easier, Flutterwave offers customer an API (automatic programing interface) that they can implement in their website or mobile application
Flutterwave’s solutions means that merchants do no need to build any platforms and do it on their own. Just use Fluttewave’s API and you are instantly connected to the global payments system

Products: Flutterwave has taken this complex payment services and created two simple easy to use products for merchants and customers:
Rave allows merchants implement one payment point and collect all types of payments in a simple and easy to use way
Barter is a finance and payments app for consumers. Helping them manage their finances in an easier and simpler way

Partnerships: Flutterwave has built partnerships with major global payments providers to open up the African continent to the world

So who needs Flutterwave?

Everyone! Everyone needs Flutterwave! If you are selling any product or service, need a payment solution for your business, need to collect money from customers all over the world? You need Flutterwave!
Even if you just want to manage your finances and control your payments, Flutterwave works for you (with the GetBarter App).

Thank You Flutterwave

DEV Community: desertgamer-tech

Flutterwave – Bringing African Payments into the future