Flutterwave, recognized as Africa’s premier payments technology company, has made significant strides in expanding its presence in Ghana by integrating a new payment option: Pay With Bank Transfer. This initiative is in collaboration with Affinity Bank, marking a pivotal development in the region’s payment landscape.
In 2023, Ghana recorded over 115 million bank transfer payments, underscoring the growing popularity of this payment method. By enabling businesses that utilize Flutterwave to accept payments through bank transfers, this integration facilitates a seamless transaction experience. While Mobile Money has traditionally dominated the payment scene in Ghana, the introduction of Pay With Bank Transfer signifies a notable shift in the country’s payment ecosystem, reflecting changing consumer preferences and technological advancements.
The newly integrated Pay With Bank Transfer option empowers businesses to process payments with enhanced security and efficiency. This development not only broadens customer access to payment methods but also supports Ghanaian enterprises by providing faster and more secure payment alternatives. As a result, businesses can reduce their reliance on cash transactions and mobile money, aligning with Flutterwave’s overarching mission to enhance digital payment options across the African continent.
Olugbenga Agboola, the Founder and CEO of Flutterwave, expressed enthusiasm about extending their services to the Ghanaian market. He stated, “We are excited to extend our services to the Ghanaian market. By making payment options like Pay With Bank Transfer available for everyday use, we are expanding access to payments and enabling local businesses to thrive.”
Geoffrey Fiador, the Manager of Country Operations & Partnerships at Flutterwave, added, “By delivering essential payment options like Pay With Bank Transfer, we’re providing an easy way for businesses in Ghana to increase revenue opportunities and grow.”
This announcement comes on the heels of Flutterwave receiving approval from the Bank of Ghana to offer inward remittance services, further solidifying its commitment to enhancing financial services in the region. With operations spanning over 34 countries, Flutterwave continues to establish itself as a leading fintech player in Africa, effectively bridging the gap between businesses and the evolving landscape of digital payment solutions.
