The African payments company, Flutterwave, has partnered with PayPal to enable merchants on its platform to receive payments from PayPal users. This partnership has exposed business owners using Flutterwave to more than 377 million PayPal account holders globally.
Payments (especially cross-border payments), have been a real issue for consumers and businesses in Africa. Where it was quite hard to receive payment from customers outside the continent. This partnership has happened to ease this process.
What this means for businesses in Africa, is that they can sell their products to consumers in virtually every country where PayPal is enabled. And receive payments from their customers seamlessly. And according to PayPal, they are available in more than 200 countries and regions.
The Founder and Chief Executive Officer of Flutterwave, Olugbenga ‘GB’ Agboola, said this about the partnership:
We are excited to bring PayPal’s fully integrated services to businesses across Africa. The collaboration reinforces our vision of creating a seamless digital payments system for Africa’s business communities that can now transact with international consumers.Olugbenga ‘GB’ Agboola. CEO, Flutterwave.
He went on to emphasize PayPal’s global reach and the opening up of their merchants to new markets.
By working with PayPal, we can further strengthen our commitment to our customers and service users as we will be enabling them to transact and expand their business operations to reach new markets. PayPal’s global reach is unrivaled and collaborating with them allows our customers to explore new markets where PayPal is embedded.Advertisement - Continue reading belowOlugbenga ‘GB’ Agboola. CEO, Flutterwave.
The progress of Flutterwave on the continent has been very impressive. Since its inception, the company has processed over 140 million transactions worth over USD $9 billion worldwide. This has seen it raise various funding rounds (we detail its journey here) and get to the “unicorn” status.
PayPal’s partnership with Flutterwave is bound to boost these numbers further and introduce a new wave of African merchants selling to new markets. According to them, the collaboration “further underscores its commitment to ensuring merchants have vast opportunities to deliver services and conveniently transact through its platform.”
To accept payments via PayPal, you must be a registered business on Flutterwave. Then you should enable PayPal as a payments option from your dashboard. Your customers will then see the “Pay with PayPal” option during checkout.