Faster, Safer Payments in Nigeria: Payful Collaborates with Flutterwave
The partnership expands Payful’s global payment network and makes it easier for exporters to receive payments across Africa securely and efficiently.
Unlocking Africas Growing Market
Nigeria, Africa’s largest economy, is quickly becoming one of the world’s most dynamic emerging markets. According to Statista, the country’s e-commerce sector is projected to exceed USD 1.2 billion by 2025, with annual growth above 20%. Yet, complex foreign exchange policies and inconsistent settlement channels still challenge global merchants doing business in the country.
To address these challenges, Payful has partnered with Flutterwave to launch the Payful Nigeria Local Collection Account, offering exporters a faster and more reliable way to collect payments locally.
About Flutterwave
Flutterwave is Africa's leading payment technology company, providing seamless and secure payment infrastructure for global and local businesses. With a mission to connect Africa to the global economy, the company enables merchants, fintechs, and enterprises to accept payments, make payouts, and grow effortlessly across borders.
Key Advantages of Payful Nigeria Local Collection Account
With Flutterwave's extensive local infrastructure and Payful's expertise in cross-border payments and compliance, the partnership enables merchants to collect payments directly in Nigerian Naira (NGN) — avoiding currency conversion risks and improving cash flow.
● Local currency collection: Receive payments in NGN, no conversion needed.
● Verified accounts in the name of the business: Build buyer trust with verified, regulation-ready business accounts.
● Real-time settlement: Funds arrive instantly and can be exchanged 24/7.
● Free & fast setup: Simple online application with instant activation.
Turning Global Payments into Local Experiences
“Localized payment is the foundation of global business,” said Richard, Director of FI Partnership, International Division. “By teaming up with Flutterwave, we're making it easier for exporters to enter and scale in Africa—turning cross-border payments into something as seamless as local transactions.”
Speaking on the partnership, Sid Gautam - Head, Enterprise Commercial Growth, Flutterwave said, ‘This partnership with Payful is a strategic step in removing the barriers to cross-border trade in Africa. By leveraging our robust infrastructure in Nigeria, we are providing global exporters with a direct, secure, and efficient channel to receive payments. This is core to our mission of connecting Africa to the global economy, and we are confident that this collaboration will unlock significant growth for international merchants looking to capitalize on the immense opportunities within the Nigerian market.’
The collaboration bridges global settlement networks with Africa's local payment systems, offering exporters a faster, safer, and more transparent way to move money across borders.
About Payful
Payful (formerly Global E-Payment) positions itself as a financial expert for emerging markets, helping cross-border e-commerce and B2B businesses manage global payments with greater trust, speed, and efficiency. For more information, please visit www.payful.com
About Flutterwave
Flutterwave is the leading payments technology company that enables businesses across the world to expand their operations in Africa and other emerging markets through a platform that enables local and cross-border transactions via one Application Programming Interface (API). Flutterwave has processed over 1bn unique transactions in excess of USD $40B, serves global and African customers like Uber, Air Peace, Bamboo, PiggyVest, and across various industries. The company's key advantage is connecting businesses to various local and international payment types to enable them to expand globally. Its remittance solution, Send App by Flutterwave, also enables cross-border transactions from the diaspora to African countries.
Flutterwave processes payments via multiple payment modes, including local and international cards, mobile wallets, bank transfers, and Google Pay. The company has an infrastructure reach in 34 African countries. For more information on Flutterwave's journey, please visit www.flutterwave.com.