According to Reuters, the partnership will connect SMEs with more than 377 million PayPal account holders globally, eliminating the barrier to cross-border commerce.
The initiative comes as online payments got a boost with the COVID-19 pandemic and people rely on mobile apps for shopping and paying bills. Therefore, Flutterwave’s integration with PayPal will be operational across 50 African countries and worldwide.
Overall, Flutterwave is positioning to be an African payment platform for multinationals entering new markets. Founded in 2016 by Nigerians and headquartered in San Francisco, the firm has processed over 140 million transactions.
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