Flutterwave and Payful Partner to Simplify High-Value Payments Across Africa
Through a simple API integration, Flutterwave issues virtual accounts to Payful, allowing merchants to receive payments via local bank transfers — a method that is both cheaper and more reliable than traditional card-based systems.
Flutterwave , Africa’s leading payments technology company, has announced a strategic partnership with Payful , a global payments technology provider, to simplify high-value payments across the African continent. The collaboration enables Payful’s merchants to collect payments locally and settle globally through Flutterwave’s robust payment infrastructure, ensuring transactions are secure, compliant, and efficient.
Payful, known for its technology-driven global payment solutions, connects businesses to seamless payment infrastructures that support large transactions and cross-border fund flows. As the company expands into Africa, it is focused on delivering the same level of seamless payments that its merchants enjoy around the world. However, Africa’s fragmented payments landscape has posed unique challenges. Traditional methods for handling large transactions are often expensive and unreliable, while cross-border settlements are complicated by foreign exchange volatility, high fees, and complex compliance requirements across multiple jurisdictions.
To overcome these barriers, Payful chose Flutterwave as its partner, recognizing its deep regulatory expertise and comprehensive, pan-African payment infrastructure. Flutterwave’s single API provides the scalability and simplicity Payful needs to operate efficiently across various African markets without the burden of managing multiple banking relationships or local licenses.
At the heart of the partnership is Flutterwave’s Virtual Account solution, which offers a seamless collection process for high-value payments. Through a simple API integration, Flutterwave issues virtual accounts to Payful, allowing merchants to receive payments via local bank transfers — a method that is both cheaper and more reliable than traditional card-based systems. Customers enjoy a straightforward experience, transferring funds to a unique virtual account, while Flutterwave ensures that settlements are completed on schedule through its network of regulated financial institutions.
The partnership also ensures full regulatory compliance, leveraging Flutterwave’s existing licenses and permissions across its operating markets. This gives Payful and its merchants confidence that all transactions are processed within the framework of local financial regulations.
By joining forces, Flutterwave and Payful are not only addressing the challenges of high-value payments in Africa but also opening up new opportunities for global enterprises looking to enter the continent. The partnership demonstrates how collaboration between technology leaders can bridge infrastructure gaps and simplify global commerce.
Flutterwave reaffirmed its commitment to supporting businesses expanding into Africa, emphasizing its role as a trusted partner for global enterprises seeking a single, powerful payments platform. The company invites businesses and technology providers to leverage its infrastructure to simplify integrations, manage cross-border liquidity, and navigate Africa’s complex regulatory landscape with ease.
For Flutterwave and Payful, this collaboration marks another step toward building a more connected global economy — one where African merchants and global businesses can transact effortlessly and confidently.
