One of Nigeria’s leading Fintech firms, Flutterwave, says merchants can now accept eNaira payments from their customers on its platform in addition to other existing payment methods, including cards, bank transfer.
eNaira, which was launched on October 25, 2021, is a digital currency issued and regulated by the Central Bank of Nigeria as a medium of exchange and store of value.
Flutterwave which provides technology, infrastructure, and services to enable global businesses, payment service providers and Pan-African banks to accept and process payments on any channel, currently operates across Africa, Europe, North America, and other emerging markets by providing a suite of payment tools that enable over One million businesses accept payments from their customers anywhere in the world in over 150 currencies, including the Naira and eNaira.
According to Olugbenga Agboola, founder and CEO of Flutterwave, with the adoption of eNaira as a payment method on Flutterwave, the firm is enabling various payment methods to merchants and their customers to ensure everyone has access to payment solutions that work for them.“Flutterwave will continue to strive to be at the forefront of innovation as we develop and implement new solutions to facilitate global payments for our customers”.Azeez Oluwafemi, Senior Vice President, Products and Design said; “We’re the payment solution that strives to allow individuals and businesses with various payment needs and requirements to do business, easily. The eNaira feature is important for the merchants and customers because it offers an alternative payment method that many users find seamless. It’s a key update to Flutterwave and we continue to look out for opportunities like this to improve our offering to our range of customers.”The company earlier announced the issue of its Switching and Processing license from the Central Bank of Nigeria (CBN) to offer transaction switching and card processing services to customers. Other services include agency banking and payment gateway services.
