Flutterwave Joins IATA to Enhance Travel Payments in Sub-Saharan Africa
Flutterwave, a leading fintech company, has teamed up with the International Air Transport Association (IATA) to enhance travel to sub-Saharan Africa. By integrating with IATA’s payment platform, Flutterwave enables airlines to process customer payments through various methods, including cards, bank transfers, and mobile money, providing a seamless payment experience for travelers.
Flutterwave is renowned for its payment infrastructure that serves global merchants and payment service providers across Africa. With over 400 million transactions processed, totaling above $25 billion, and catering to more than one million businesses, including notable clients like Uber, Airpeace, Bamboo, and Piggyvest, Flutterwave has solidified its position in the fintech industry.
The recent partnership with IATA Financial Gateway (IFG) offers airlines the capability to receive local payments from African markets through all their distribution channels. IATA, which represents around 290 international airlines, sees this collaboration as a means to enhance operations in Africa while providing customers with convenient local and international payment options.
Flutterwave’s CEO and founder, Olugbenga Agboola, highlights the potential for accelerated growth in Africa’s aviation sector, projected to be one of the fastest-growing regions over the next two decades. Simplifying payment processes for global airlines entering the African market is expected to encourage further expansion and investment in the continent’s aviation industry.
Muhammad Albakri, IATA’s Senior Vice President of financial settlement and distribution services, expresses excitement over Flutterwave’s participation in bringing secure and innovative payment methods to airlines, travel resellers, and the traveling public in Africa. The collaboration between Flutterwave and IATA aims to enhance the overall travel experience for passengers while boosting economic growth in the African aviation sector.
