Merchants may now accept eNaira payments from their consumers on Flutterwave’s platform, according to the business, which is the top provider of payments technology in Africa. This is an addition to the other payment options already available on Flutterwave, such as credit cards, bank transfers, and Barter by Flutterwave.
The Central Bank of Nigeria created and governs the digital currency known as eNaira to serve as a means of trade and a store of value. Users just need to register and use the wallet through the eNaira mobile app to utilize the wallet, which was introduced on October 25, 2021, whether or not they have a bank account. Users can use the app to create one-time tokens or scan QR codes to conduct transactions on Flutterwave.
Global companies, payment service providers, and Pan-African institutions can accept and process payments through any channel thanks to Flutterwave’s technology, infrastructure, and services (Web, Mobile, ATM & POS). By offering a variety of payment solutions that enable over 1 million businesses to accept payments from their clients in more than 150 currencies, including the Naira and eNaira, the company today conducts business across Africa, Europe, North America, and other emerging regions.
For the benefit of their consumers, Flutterwave merchants can enable the eNaira payment option on their dashboard.
Olugbenga GB Agboola, Founder and CEO of Flutterwave, said:
“With our new adoption of eNaira as a payment method on Flutterwave, we’re 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.”
In order to provide consumers with transaction switching and card processing services, the company previously announced that the Central Bank of Nigeria (CBN) has issued it with a Switching and Processing license. Agency banking and payment gateway services are additional services.