Flutterwave and American Express join forces in Nigeria | WeeTracker posted on the topic | LinkedIn (2025)

Flutterwave Enables its Online Merchants in Nigeria to Accept American Express PaymentsOlugbenga Agboola, Founder and CEO, Flutterwave, said: “At Flutterwave, we’re always looking for ways to connect the world to Africa through payments. This is one of our initiatives to ensure that more people across the world can pay using Flutterwave in Africa. We understand the value of providing shoppers with payment methods that work for them, as well as helping businesses to expand their customer bases. This collaboration also provides more options of where to shop and what to buy to American Express card holders across the globe. By offering American Express as a method of payment, Flutterwave will make the payment process faster and simpler for American Express card holders, and improve the experience for e-commerce businesses using Flutterwave, helping them to start locally and sell globally.”https://lnkd.in/eAgW3QVeOlaide Olutayo Hudson Sandler BODE AREGBESOLA Gurbhej Dhillon Sid Gautam, MBA Briana Wilsey Jonathan Curtis Andy Hunt Widad Chaoui Niki Cannon #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Seamless transactions beyond borders

Paystack has announced that Virtual Terminal, which allows businesses to accept in-person payments with real-time confirmations and zero hardware costs, is now available in Côte d’Ivoire, Ghana, Kenya, and South Africa. It was first launched in Nigeria in 2021.“With Paystack Virtual Terminal, you can generate unique QR codes for any customer-facing staff, such as cashiers, delivery riders, or sales agents. When a customer scans the QR code, they can choose to pay via any of Paystack's multiple payment channels—Mobile Money, Cards, Apple Pay, and more.“After the successful payment, the staff member gets an instant confirmation via WhatsApp, and the customer can be on their way.”https://lnkd.in/gwFQvz6Q#fintech #financialservices #payments #paymentsolution #growth #expansion

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Safaricom PLC and Mastercard Partnership - Over 636,000 Merchants in Kenya to benefit.Safaricom and Mastercard have announced a partnership to enhance payment acceptance and cross-border remittance services in Kenya. This collaboration will provide seamless and scalable solutions to over 636,000 merchants using Safaricom’s mobile money service, M-PESA Africa.The partnership will integrate Mastercard’s global payment infrastructure with M-PESA’s merchant network, improving payment experiences for businesses across Kenya. The mobile wallet payment market, driven by M-PESA, is growing at a 12.7% CAGR between 2020 and 2024. Mastercard’s omnichannel acceptance solutions will streamline local and cross-border transactions, enhancing money transfer and payment processes.Amnah Ajmal, Executive Vice President of Market Development, EEMEA at Mastercard, said, “We are proud to partner with Safaricom to build an inclusive digital economy. This partnership will empower merchants and support the Kenyan economy.” Mastercard’s infrastructure will support secure and scalable payment solutions and improve cross-border remittances.Esther Masese Waititu, Chief Financial Services Officer at Safaricom Plc, added, “This collaboration with Mastercard opens new opportunities for M-PESA merchants. By combining our expertise with Mastercard’s network, we will offer more efficient payment solutions to customers in Kenya and beyond.” Initial initiatives will roll out in the coming months, advancing Safaricom’s digital payment capabilities and acquiring licenses.This partnership represents a significant development in Kenya’s digital financial landscape, driving innovation and financial inclusion while enhancing the merchant payment experience.#Safaricom #Mastercard #remittances #payments #digitalpayments #financialservices #StartupKenya

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Flutterwave Expands Payment Options for Nigerian Merchants with American Express IntegrationFlutterwave, a leading fintech company in Africa, has integrated American Express into its payment platform, enabling Nigerian merchants to accept payments from American Express cardholders.This strategic move is expected to significantly enhance the ability of Nigerian businesses to conduct seamless transactions with international customers, thereby broadening their global reach. In addition, Flutterwave has revealed plans to extend this feature to merchants in several other African countries, including Tanzania, Rwanda, Ghana, and Uganda, in the near future.Read more👇#flutterwave #americanexpress #paymentsOlugbenga Agboola Iyinoluwa Aboyeji Vivi N Galani Azamat Israilov Sonia Punja Rupal Jain Shane McCarthy Omosalewa Adeyemi Reni Odebiyi Samuel Oka

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Most popular payment methods in MENA as of October 2023 (not sorted): 1. Buy Now Pay Later: The Middle East & North Africa is rapidly embracing BNPL, with the market projected to reach $89 billion by 2030. Factors driving adoption include its perceived Sharia compliance, promotion as a cash alternative, and the impact of changing economic conditions. While only Saudi Arabia currently regulates BNPL, other regulators may follow soon. Key providers in the region include Cashew, Postpay, Tabby, and Tamara2. Cash Based Electronic Payments:Cash-based electronic payments, or cash on delivery, previously dominated online payments, constituting up to 75% of ecommerce transactions in certain markets. However, its popularity has taken decline, with individuals increasingly favoring cards, wallets, and BNPL for online shopping. Still, the concept is fairly widely spread. 3. Cards: In 2022, card payments constituted 31% of ecommerce transactions, with a steady forecast for the upcoming years. Mastercard and Visa dominate as the primary international card schemes in the region. Additionally, local schemes such as Mada in Saudi Arabia, Knet in Kuwait, and QPAY in Qatar contribute to the diverse card landscape.4. Digital Wallets: Digital wallets are surging in popularity, particularly in areas with significant unbanked populations. Offering quick checkouts and secure transactions without the need for physical cards, consumers are drawn to their ease of use and various top-up options. Alipay, PayPal, and WeChatPay are among the global favorites, while local alternatives like BenefitPay in Bahrain are also gaining traction.5. Mobile Wallets: Pass-through mobile wallets like Apple Pay and Google Pay are highly popular, especially here in the UAE, where half of the population favors digital wallets. These wallets facilitate convenient contactless payments through cards or digital devices.What method do you use the most? For me, it is a mix between the wallets and cards. (Data from PrimerIO, Image from Turnit)#fintech #paymentmethods #bnpl #cashondelivery #digitalwallets #mobilewallets #mena

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Payment fun facts about LATAM...One of the fastest growing regions in terms of innovation and they're not even close to being doneLATAM has a population well over 600 million throughout multiple countriesand cross border transactions account for close to 50% of their total volumeMerchants and service providers have one main hurdle they must overcome when expanding into the LATAM region...rigid payment optionsIn LATAM, 58.4% prefer paying with international credit cards, 17.8% use debit cards, 7.9% choose bank transfers, 6.9% digital wallets, 2% prefer local credit cards, and the rest of 6.9% opt for other methodsChile has seen a 90% increase in e-commerce transactions while Colombia is expected to be one of the most innovative countries by 2025Costa Rica boasts an impressive amount of internet coverage in the region that sits around 87%Leading a rising trend of banking and digitalization of payments in the regionIn my opinion, LATAM is one of the most exciting regions and should be a strategic initiative of all merchants and service providersRely on the experts in the region and reap the benefits of expanding into this new market and reaching new consumers that only a few years ago were never availableSource: The Paypers, PayRetailers

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PayRetailers Expands Payment Solutions Across 12 African Countries.PayRetailers has announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth.Jonathan Vintner, Global Head of Sales at PayRetailers, said, “Expanding into eight new markets marks a significant milestone for PayRetailers as we continue our mission to bring tailored payment solutions to diverse regions. Africa is a vibrant and varied continent, with payment preferences that differ from region to region. For example, our launch in Kenya enables merchants to access M-Pesa, the country’s leading mobile money provider, while in South Africa, we’re offering a blend of card and cash solutions to meet local demands. All of this is seamlessly integrated into our existing API, allowing merchants to access the top payment methods across Latin America and now Africa through a single connection—with more countries on the horizon”.https://lnkd.in/dUSZ74Kr

The payment industry is constantly evolving. For more than 20 years, we have witnessed continuous changes that have affected merchants, buyers and cardholders: from credit card transactions to the evolution of contactless and mobile payments. What can we expect in the payments sector in Italy in 2024? eCommerce continues to gain ground in Italy, even though online spending by Italians is still lower (2,26% GDP) compared to the world average (3,53%). This is partly due to the low internet coverage in the country. However, in Italy it is also expected that eCommerce will continue to grow, especially in fashion and luxury items. What are the most used payment methods by Italian customers today?Debit cards, credit cards, prepaid cards, digital wallets, cardless online payments (like PayPal)#Onlinepaymentindustry #PSP #Customers #Payments #Italy #Europe #Economy

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Standard Bank Group, Africa’s largest bank by assets, has partnered with UnionPay International, a subsidiary of China UnionPay, which competes with the likes of Mastercard and Visa, to facilitate e-commerce in Africa for merchants and customers. “This move comes four years after the bank introduced the UnionPay card — virtual and physical — to South African account holders through its Shyft app, a fintech platform, to facilitate transactions for the thousands of South Africans who visit China annually for business and pleasure. “Per Bill Blackie, Chief Executive of Business and Commercial Banking at Standard Bank Group, this new development will guarantee that customers across the continent have simple access to both regional and global markets and services.“Per Asad Burney, Head of UnionPay International Africa, this initiative will significantly benefit the bank's online merchants and current UnionPay cardholders. It also seeks to increase African merchants' exposure to a global audience.”Via Techpoint Africa.https://lnkd.in/d9nn7iJr #fintech #financialservices #ecommerce #digitalcommerce #digitaltrade #crossbordertrade #crossbordercommerce

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