Africa-focused fintech company, Flutterwave has partnered with Chinese e-commerce company Alibaba through Alipay in order to give African merchants access to 1 billion potentials. This remarkable partnership was announced via a Flutterwave blog post.
According to the post, the fintech startup had initially planned to “Provide the complete payment solution for Africans to thrive in the global economy. The complete payment solution would first require interconnectivity within Africa, then connectivity from Africa to the world.”
Currently, the blog post continued: “We’ve managed to connect African countries such as Uganda, Kenya, Nigeria, South Africa, Rwanda, Ghana etc to each other, so it was about time we connected Africa to the world. We started with the U.S already but you can’t connect Africa to the world without China.”
To take the plans of the platform to provide the complete payment solution to the next level, “The platform has now being integrated with Alipay which automatically gives all Flutterwave merchants access to over 1 billion Alipay users.”
Flutterwave, which was founded in 2016, allows clients to tap its APIs and work with Flutterwave developers to customize payments applications. Existing customers include Uber, Facebook, Booking.com and e-commerce platform, Jumia.com.
Flutterwave has processed 100 million transactions worth $2.6 billion since inception, according to company data.