There has been a tight competition between various digital payment companies across the African continent, offering various products for consumer, merchants and banks in Africa. However, currency variance during transactions between different countries has been an issue in the market. Flutterwave allows customers to pay in their local currency.
Flutterwave is a new digital payment infrastructural technology company whose major objective is to connect Africa to the global economy by providing an end-to-end payment technology and infrastructure which enables merchants, payment service providers, pan-African banks and licensed money transfer operators to process payments option in Africa.
Flutterwave is a payment technology developed by Andela co-founders Iyin Aboyeji and a couple of other associates.
Flutterwave conducts payment services from about 68 gateways including mobile money and places them under one platform. This service is currently running and can send and receive money in over 30 African countries.



Products
Flatterwave has partnered with Visa to launch a consumer payment product for Africa called GetBarter.


Barter

Barter by flutterwave is a digital payment solution that allows users to create virtual debit cards. This is an e-wallet application that helps customers manage their credit and debit transactions, shop online as well as pay for subscription services (Apple Music, light bill, water bill, Dstv, etc.).
Flutterwave Barter helps the user in Africa will be able to create and fund virtual cards from their local bank accounts in Nigerian Naira, Ghanaian Cedis, Kenyan Shillings or US Dollars.
With barter app, you can
Manage payments and subscriptions.
Send money to friends near you easily.
Have full control over how much you’re spending.
Save up for a project or a business.
Get detailed reports that show your spending patterns.
Apply for repayable short-term loans
Rave

Rave is a payment gateway that lets you receive payments locally and globally with no hassles and zero set up fees. They make payments simple for everyone.
In other words, Rave gives you incredible insight into who your customers are so you can understand who they are and their transaction habits when using your product.
It also has a fraud system that checks every transaction to ensure customers are covered and protected with over 200 fraud rules built over time. Rave supports multiple currencies and also multi-channel payments, It also supports payment with cards, USSD, mobile money, QR -code and bank account.
Other functions include;
Accept Payment from anywhere in the world.
Support for multi-currencies and multi-payment options
Ensure secure payment with PCI-Compliance with fraud protection
Get incredible insight into your customers

Moneywave

Flutterwave’s Moneywave platform is a business to business innovation which enables the flow of payment and remittances into the African continent. Moneywave directly supports businesses who wish to payout into African bank accounts and mobile wallets.
It is a solution that allows small individuals and merchants to make and receive payments in whatever form they choose. What this means is that as a merchant in Nigeria who wants to send a payment to Kenya, you need not worry about owing a mPesa balance and neither does the receiving party. Both parties can transact in local currencies.
Our technology also powers services like PiggyBankNg, Thrivesed.com, WalletNg, MAXGO and a couple of other platforms.
Other e-payment companies competing against Flutterwave are PayStack, SimplePay, Stripe, AmplifyWho, Interswitchgroup etc.

Achievements
Barter by Flutterwave allows users to create virtual US dollar debit cards within seconds for one-time or regular usage. Other platforms require various identification details and approval waiting period that could reach several business days, Barter only asks for a working email address and phone number. In 2018, Flutterwave received the ‘Best Payments Company’ award at the Ghana eCommerce Awards ceremony.
Flutterwave experienced a 550% growth in the customer base for Business (Rave) made possible by partnerships with their existing customers.

Beautiful innovation.