Nigeria’s leading fintech startup, Flutterwave has enabled the eNaira wallet on its platform for Nigerian merchants looking to make and receive payments.
The integration was done amid a series of changes being made by the most capitalised African startup ahead of its much-talked-about Initial Public Offering (IPO).
The eNaira is a Central Bank of Nigeria-issued digital version of the Nigerian Naira launched on October 25th, 2021. It allows seamless payments and facilitates payment across borders with ease as users only need to scan QR codes or generate one-time tokens on the wallet to perform transactions.
With Flutterwave’s integration of the eNaira into its app, Nigerian merchants can now use the fintech startup app to collect eNaira payments from customers who have the eNaira app.
For customers to be able to use this payment method to pay for services, merchants will have to enable the eNaira payment option for their customers.
Also, Flutterwave permits merchants to disable the feature on its dashboard as it is an opt-in feature like every other payment method available to them in the dashboard.
Speaking on Flutterwave’s integration of the eNaira on its platform, senior vice president, products and designs Azeez Oluwafemi disclosed that the eNaira feature is important for both merchants and customers because it offers an alternative payment method that is seamless.
He further disclosed that the startup is always looking for ways to improve its customer’s offering and experience.
In his words; “We strive to allow individuals and businesses with various payment needs and requirements to do business easily.
“The eNaira feature is important for both merchants and customers because it offers an alternative payment method that many users find seamless.
“It is a key update to Flutterwave’s platform and we continue to look out for opportunities like this to improve our offering to customers.”