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.
