- Quick Summary: Flutterwave partners with Affinity Bank to introduce Pay With Bank Transfer in Ghana.
- The integration supports businesses by offering a secure and seamless payment method.
- This move reflects the increasing adoption of digital payments in Ghana.
- Flutterwave continues expanding its fintech presence across Africa.
Flutterwave, Africa’s leading payments technology company, has expanded its services in Ghana by integrating a new payment option: Pay With Bank Transfer. This initiative, launched in partnership with Affinity Bank, marks a significant milestone in Ghana’s digital payment ecosystem.
The Growing Adoption of Bank Transfers in Ghana
In 2023, Ghana recorded over 115 million bank transfer payments, highlighting the increasing preference for this payment method. While Mobile Money has traditionally been the dominant payment option, the introduction of Pay With Bank Transfer reflects changing consumer behavior and advancements in financial technology.
Seamless and Secure Payment Processing
With this integration, businesses using Flutterwave can now accept payments via bank transfers, providing a seamless and secure transaction experience. This development enhances accessibility for customers while offering businesses a more efficient and reliable payment alternative. By reducing reliance on cash transactions and Mobile Money, this initiative supports Ghanaian enterprises in their transition toward digital payments.
Leadership Perspectives on the Expansion
Olugbenga Agboola, Founder and CEO of Flutterwave, expressed excitement about the company’s expansion in Ghana. 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, 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.”
Strengthening Financial Services in Ghana
This announcement follows Flutterwave’s recent approval from the Bank of Ghana to offer inward remittance services, further reinforcing its commitment to enhancing financial services in the region. Operating in over 34 countries, Flutterwave continues to be a key player in Africa’s fintech sector, bridging the gap between businesses and the evolving landscape of digital payments.
