Flutterwave will advance its mission of connecting Africa to the global economy
Flutterwave, Africa’s leading payments Technology Company, says its mission to give its African-e-commerce merchants enhanced access to UK and EU customers has now been made easy with its new partnership with Token.io, A2A payments.
A2A payments powered by open banking offer seamless and secure transactions without the need for registration or data entry, resulting in higher success rates and cost savings for merchants.
Open banking-powered A2A payments do not require registration or error-prone data entry, making them a seamless payment method. End-users authenticate A2A payments directly with their bank for a frictionless experience that also delivers higher success rates than market standards.
A2A payments offer merchants cost savings compared to traditional payment methods and settle instantly to improve cash flow.
The collaboration will enable Flutterwave to give its African e-commerce merchants enhanced access to UK and EU customers, while Token.io leverages Flutterwave’s presence in Africa to enable a Pay By Bank method for businesses in the continent.
“Our partnership with Token.io will make it even faster and easier for individuals and businesses to pay and receive money,” commented Olugbenga “GB” Agboola, CEO of Flutterwave. “By partnering with Token.io to provide Account-to-Account payments to our customers, Flutterwave will advance its mission of connecting Africa to the global economy,” he added.
Powered by open banking, Token.io’s A2A infrastructure enables payment providers to launch their own A2A payment capabilities to grow their market share. Token.io offers the highest performing and deepest connectivity for open banking-powered A2A payments in the industry, reaching over 567 million bank accounts in 16 European countries.
Flutterwave currently supports over a million customers across 34 countries in Africa. Enabled by Token.io’s technology, A2A payment capabilities are now available through Flutterwave’s Collect Payments product for business.
