How To Conclude Payment Transaction On Flutterwave Using eNaira

By Tolulope Oke

Leading fintech company, Flutterwave has adopted Nigeria’s digital currency, eNaira as a mode of transaction for merchants and businesses.

The company previously said that the Central Bank of Nigeria (CBN) had granted them a license for switching and processing transactions, allowing it to provide consumers with transaction switching and card processing services. Payment gateway services and agency banking are additional services.

Founder and CEO of Flutterwave, Olugbenga Agboola, said:”With our new adoption of eNaira as a payment method on Flutterwave, we’re enabling various payment methods to merchants and their customers to ensure everyone has access to payment solutions that work for them. Flutterwave will continue to strive to be at the forefront of innovation as we develop and implement new solutions to facilitate global payments for our customer.”

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According to Azeez Oluwafemi, Senior Vice President of Products and Design, Flutterwave aims to make it simple for people and companies with different payment demands and requirements to conduct business.

He noted that it provides a different payment option that many users find convenient, the eNaira function is crucial for businesses and customers. It’s an important update for Flutterwave, and to keep an eye out for chances like this to broaden the scope of what they have to offer.

The Central Bank of Nigeria created and governs the digital currency known as eNaira to serve as a means of trade and a store of value. Users just need to register and use the wallet through the eNaira mobile app to utilize the wallet, which was introduced on October 25, 2021, whether or not they have a bank account. Users can use the app to create one-time tokens or scan QR codes to conduct transactions on Flutterwave.