Flutterwave is a payment technology company whose main purpose is helping banks and businesses provide seamless and secure, hence Flutterwave is in the business of providing payment processing services that support connecting Nigeria and the rest of Africa to the global economy. Flutterwave accepts payments, make payments and manage business funds from one integrated platform which helps customers connect globally. Flutterwave works with prepaid card issuers in the U.S. and in Africa. Flutterwave, which also offers an in-store payment processing service, can process any consumer payment method used in Nigeria and major regions in Africa
Iyinoluwa Aboyeji is CEO at Flutterwave in San Francisco, California
Flutterwave calls its payment platform Rave. The payment gateway component of Rave offers connections to the more than 90 payment methods used in more than 30 African countries
Rave aggregates all 90+ global and local payment methods into a single API (application programming interface). Those methods include Visa, MasterCard, Amex, Diners Club, JCB, PayPal, and Amazon Pay, as well as Centre Monetique Interbancaire, M-Pesa, Tigo Cash, MTN MM, Verve, and other local card and mobile (QR code and USSD) money brands. In addition, it provides an interface for funds disbursements, vendor payments, and salary payments directly to bank accounts in five countries.
Rave accommodates consumer payments from 150 currencies. Payouts to merchants can be made in 25 currencies. Those funds are held in wallets (rave wallet) and payments are displayed in real time on the Rave dashboard. If merchants want settlement, they can receive their funds in Nigerian naira, Kenyan shilling, Ghanaian cedi, South African rand, and U.S. dollar. Rave is PCI DSS (Payment Card Industry Data Security Standard) compliant and has better than 99.9% availability.
Trustwave provides QSA (qualified security assessor) support.
Rave Social is a feature of the Flutterwave acquiring service. It supports vendors selling products on Instagram. Barter is an expense management product. Barter is offered to business travelers to Africa.
Top comments (0)