Payment gateway platform, Flutterwave’s has partnered Worldpay to further assist businesses to process online card payments from consumers starting with Nigeria and South Africa.
In an official press statement, Flutterwave provides insight into what the partnership has yielded for businesses in South Africa and Nigeria.
“Utilizing a single-entry point with Worldpay, you can offer your customers domestic payment options to boost conversion and acceptance rates. This is good news for existing businesses looking to simplify their payments, and great news for enterprise businesses looking to expand into Africa.”
South Africa’s eCommerce industry
According to reports, South Africa’s eCommerce industry is projected to be worth $9 billion by 2024. With this in mind and the growing number of consumers opting for card payments to pay for ordered goods online during 2020, Flutterwave believes that local eCommerce businesses will be expanding globally as it experiences massive growth in business revenue.
Flutterwave explains what the partnership with Worldpay means for South Africa.
“This partnership will offer access for businesses to receive card payments such as VISA and Mastercard, with more options to come in the future This would greatly improve payments processing for businesses in South Africa and other businesses looking to expand into the market.”
Flutterwave claims that card payments are among the four most popular payment methods in Nigeria and growing fast. With this in mind, the partnership will enable merchants in Nigeria to process card payments with Worldpay’s gateway through Mastercard and VISA.
“This collaboration further helps ambitious Nigerian businesses expand globally,” explains Flutterwave.