The news:
Pan-African fintech giant Flutterwave has added Google Pay to its payment options. The inclusion of Google Pay as a payment option would grant Flutterwave merchants and customers the ability to make transactions using the option.
Why it matters:
Recently, Flutterwave has been in the news with the procuring of the Switching and Processing Licence from the Central Bank of Nigeria and also, the inclusion of eNaira into its payment options.
With these, it is clear that Flutterwave is on a mission to enable swift and variegated payment solutions for its users.
Why Google Pay?
Google Pay is a mobile payment service developed by Google to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, smartwatches and other mobile devices. Through the mobile app, users can make payments using phones instead of a bank debit card or cash.
Also, Google Pay was designed to enable safe, seamless and contactless payments for users. It uses near-field communication (NFC) technology to facilitate fund transfers for retailers in physical stores. Users can also save their card details into the Google Wallet service and make online or in-app payments.
It is currently available across 42 countries and is a widely used payment option in Africa. With this addition to Flutterwave’s payment option, Google Pay users worldwide can pay businesses on Flutterwave within an average transaction completion time of 3 minutes.
According to Olugbenga Agboola, Flutterwave’s founder and CEO, Google Pay integration will connect global customers to businesses on Flutterwave.
“The continued and rapid growth of Flutterwave is due to our commitment to building a platform with simplified payments for everyone. The GooglePay payment option will attract more international customers and increase the current success rates for businesses on Flutterwave. Integrating with Google pay will allow users across the globe to participate in the booming e-commerce ecosystem in Africa. It will enable us to further fulfil our promise of creating endless possibilities for all,” he said.
Meanwhile, Flutterwave is not making this integration automatic for the 30,000 merchants on its platform. Interested merchants would have to opt-in manually from their dashboards.
