Flutterwave, Africa’s main funds expertise firm, has introduced a strategic partnership with the Nationwide Data Know-how Growth Company (NITDA) to drive digital transformation and finally financial progress throughout Nigeria.
Flutterwave is the main funds expertise firm that allows companies internationally to broaden their operations in Africa and different rising markets by means of a platform that allows native and cross-border transactions by way of one Utility Programming Interface (API).
The collaboration goals to deal with the sluggish adoption of digital options amongst small and medium-sized enterprises (SMEs), a vital problem that, when solved, can considerably enhance the nation’s economic system.
By selling digital literacy, encouraging fintech innovation, and supporting key nationwide initiatives such because the Nationwide Digital Economic system Coverage and Technique (NDEPS), this partnership has a objective to speed up Nigeria’s transition right into a thriving digital ecosystem.
Regardless of the fast evolution of digital fee techniques, many SMEs in Nigeria nonetheless depend on conventional enterprise fashions that restrict their progress potential.
The shortcoming to undertake digital funds, leverage e-commerce, and entry safe monetary options creates boundaries to scaling and taking part within the international economic system.
Recognizing this problem, Flutterwave and NITDA are collaborating to bridge the digital divide and equip companies with the appropriate instruments and experience to embrace digital transformation.
Commenting on the partnership, Olugbenga Agboola, Founder and CEO of Flutterwave stated; “Many small companies in Nigeria wrestle to completely embrace digital options, and we imagine that by offering seamless and safe fee applied sciences, we will empower them to scale with confidence.
“This partnership with NITDA reinforces our dedication to encouraging a really inclusive digital economic system, and we’re proud to contribute to the excellent work NITDA is doing to rework Nigeria’s digital panorama.”
Kashifu Inuwa Abdullahi, Director Common & CEO of NITDA, added: “Flutterwave’s status for fintech innovation aligns completely with our imaginative and prescient for a thriving digital economic system. We acknowledge that sluggish digital adoption amongst SMEs has hindered financial progress, and thru this collaboration, we goal to supply companies with the required assets and infrastructure to transition into the digital age.”
This partnership represents a major step towards Nigeria’s digital transformation, with Flutterwave and NITDA working hand in hand to create an surroundings the place companies can thrive by means of revolutionary monetary options.
Through the years, Flutterwave has processed over 890 million transactions in extra of $34 billion, serves international and African clients like Uber, Air Peace, Bamboo, PiggyVest, and throughout varied industries.
The corporate’s key benefit is connecting companies to numerous native and worldwide fee sorts to allow them to broaden globally. Its remittance resolution, Ship App by Flutterwave, additionally allows cross-border transactions from the diaspora to African international locations.
Flutterwave processes funds by way of a number of fee modes, together with native and worldwide playing cards, cellular wallets, financial institution transfers, and Google Pay. The corporate has an infrastructure attain in 34 African international locations.
