Flutterwave’s Rave processes $2.5b deals for customers

Flutterwave, a payment technology company’s Rave, an online payment switch helping banks and businesses deliver seamless payment experiences to their customers has process over $2.5 billion transactions since 2016.

ts Co-founder and Chief Executive  Officer (CEO) Gbenga Agboola, who’s disclosed this yesterday in Lagos,  said Rave helps users to make and accept payments from anywhere across the globe.

He said since it’s formation, the company has processed over $2.5 billion  for clients such as Uber, Facebook,  Transferwise, Flywire, Booking.com and Wakanow among others.

Speaking yesterday at a media parley in Lagos, Agboola affirmed that Rave is the easiest way to make and accept payments from customers anywhere in the world, as it does both online and offline payments.

“Rave supports card (local and international), mobile money, Unstructured Supplementary Service Data (USSD) payment methods and disbursements to bank accounts and mobile money wallets and bank accounts globally,” he said.

“Merchants can bring their business into our infrastructure where they will experience 24/7 customer service, reasonable fees and the technology to achieve zero failure transactions. To also set up  business with speed, ease, and functionality, in order to provide customers with the best possible checkout experience”, he added.

Benefits of the payment system, include rich customer data as Rave gives a client incredible insight into who their customers are so they can understand who they are and their transaction habits when using their products.

Others are fraud protection benefit as  their proprietary fraud system checks every transaction to ensure business concerns are covered and protected, backed by over 200 fraud rules built over time.

He said: “We have ISO 27001, the highest security rating in the world, PAD SS certified which is verification to be payment gateway and PCI level one licence holder, which means trust is what we hold dear and only a few companies have the security certification that we have, it’s verifiable from anywhere”.

Agboola said financial technology firms are meant to provide innovation to the banking sector and not to be seen as  threats as both are complementary to each other.