#payment technology

Bill Maurer and Lana Swartz offer a comment on cash and cashlessness, in the context of their new book Paid: Tales of Dongles, Checks, and Other Money Stuff.

[W]here others may see dematerialization, we see all sorts of new stuff. The world of digital payments depends on vast and variegated infrastructures, many interacting agencies and entities, and material stuff in the form of cables, wires, microchips, servers, air conditioners, boxes of all shapes and sizes full of circuitry, magnets, camera lenses, light-emitting crystals and plasmas, glass, metal and precious elements.

What are the cultural meanings and politics of these new technologies? How do they map onto existing social problems and opportunities? How do they create news ones?

Flutterwave, since inception in 2016, has been providing payment solutions for businesses and individuals, expanding their reach across the world through integrated business solution. This article discusses the services and business solutions offered by flutterwave as well as major achievements of the company.

A quick dive into Flutterwave’s products, Rave by Flutterwave affords clients (particularly businesses) to receive payments from customers through different means from card payments, to bank accounts and mobile wallets. Barter by Flutterwave allows individuals and businesses to manage their finances with functionalities like scheduling of payments, keeping track and providing analysis of spending giving notification of where funds are to go. An interesting part of this is that these products and their service offerings come with extremely low transaction costs unlike conventional charges by financial institutions.

Beyond the products, integration in payment solution has made the products exciting. Flutterwave is integrated with ecommerce businesses (like Shopify), online payment platforms across the world (Alipay) and other tech companies to ensure users have easy payments and that without geographical barriers. A remarkable one is a recent integration with Alipay, allowing local merchants to have access to over 1 billion customers across the globe.

FLUTTER WAVE OR NOTHING???

Flutter wave is a mind-blowing, easy to understand online payment technology company. They provide solutions to various businesses by accepting payments, providing payouts and manage business funds from one integrated platform, keeping every customer globally connected.

The company came into existence in the Nigerian market in 2016 and has successfully helped businesses provide payment options, making sending and receiving money possible across over 30 African countries. This new technological development has improved the payment system and has ranked the company higher in its industry, by providing features and products that solve payment issues. 

Their pricing system is a notch better which gives merchants, banks, and businesses an opportunity to enjoy business growth and online payment solutions in Nigeria and Africa. 

Flutter wave’s products are incorporated to effortlessly provide various features that encourage consistent payment options, manage your funds and track spending and money receiving process through a secured medium across the continent. These two products RAVE and BARTER has bridged the gap in the way people perform transactions and gave a One-Time solution to the issues faced while paying for services online through the use of debit cards. The company also allows requests to access loans.

Flutter wave has grown in achievements and has processed 100 million transactions worth $2.6 billion since inception. The company’s revolutionary payment solutions made the company receive $10 million in funding from American venture capitalists in 2017 and in the digital payment niche, was awarded as the ‘Best Payments Company’ at the Ghana eCommerce Awards Ceremony in 2018.