Flutterwave enables eNaira payment collections in Nigeria

Friday 16 September 2022 15:22 CET | News

Nigeria-based fintech Flutterwave has announced that merchants can accept eNaira payments from their customers on their platform.


eNaira is a digital currency issued and regulated by the Central Bank of Nigeria as a medium of exchange and store of value. It was launched on 25 October 2021 and is available to users with or without a bank account, as they only need to register and access the wallet via the eNaira mobile app.

To complete transactions on Flutterwave, users can either scan QR codes or generate one-time tokens using the app. Flutterwave merchants can enable the eNaira payment option on their dashboard for their customers' use.

Flutterwave has announced that merchants can accept eNaira payments from their customers on their platform.

Flutterwave’s reach in Africa

Flutterwave provides technology, infrastructure, and services to enable global businesses, payment service providers, and Pan-African banks to accept and process payments on any channel (Web, Mobile, ATM & POS).The company currently operates across Africa, Europe, North America, and other emerging markets by providing a suite of payment tools that enable over one million businesses to accept payments from their customers anywhere in the world in over 150 currencies, including the Naira and eNaira.

Representatives from Flutterwave stated that with their new adoption of eNaira as a payment method on Flutterwave, they're enabling various payment methods to merchants and their customers to ensure everyone has access to payment solutions that work for them.

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. 

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Keywords: merchants, local payment method, payment processing, ecommerce, QR code, payment gateway
Categories: Payments & Commerce
Companies: Flutterwave
Countries: Nigeria
This article is part of category

Payments & Commerce


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