In February 2022, two days after pan-African fintech large Flutterwave raised $250 million in a sequence D increase, the corporate held an occasion the place it introduced, amongst different issues, that it could integrate Google Pay and Apple Pay into its suite of cost choices. At this time, the corporate is making good on its promise about Google Pay, as customers of the worldwide cost service can now use it for transactions with retailers on Flutterwave’s shops.
This follows the corporate’s recent integration of Nigeria’s digital foreign money, the e-Naira, into its platform, enabling consumers and sellers to transact immediately with the cryptocurrency. With these strikes, it’s clear that Flutterwave is on a mission to allow swift and variegated cost options for its customers.
Google Pay was designed to allow protected, seamless and contactless funds for customers. It makes use of near-field communication (NFC) expertise to facilitate fund transfers for retailers in bodily shops. Customers may save their card particulars into the Google Pockets service and make on-line or in-app funds.
Presently obtainable throughout 42 international locations to customers with Android telephones, tablets, or smartwatches, Google Pay is a broadly used cost choice in Africa, and Flutterwave’s determination to make this service obtainable for Africans is commendable. With this integration, Google Pay customers worldwide pays companies on Flutterwave inside a mean transaction completion time of three minutes. In line with Flutterwave, this transfer will cut back the cart abandonment charge for its on-line companies.
In a press release shared with TechCabal, Olugbenga Agboola, Flutterwave’s founder and CEO, expressed convictions that the Google Pay integration will join world prospects to companies on Flutterwave.
“The continued and fast development of Flutterwave is because of our dedication to constructing a platform with simplified funds for everybody. The GooglePay cost choice will appeal to extra worldwide prospects and improve the present success charges for companies on Flutterwave. Integrating with Google pay will enable customers throughout the globe to take part within the booming e-commerce ecosystem in Africa. It’ll allow us to additional fulfil our promise of making infinite prospects for all,” he stated
In the meantime, Flutterwave shouldn’t be making this integration automated for the 30,000 retailers on its platform. retailers must decide in manually from their dashboards.