A fin-tech startup based in Lagos, Flutterwave and San Francisco has partnered with Chinese e-commerce company “Alibaba” to offer digital payments between Alipay and African merchants.
Flutterwave is a Nigerian-founded B2B payments service primarily for companies in Africa to pay other companies on the continent and abroad.
Alipay is Alibaba’s digital wallet and payments platform and a large portion of its network are in China.
According to flutter wave CEO, Olugbenga Agboola:
“This means that all our merchants can accept or install Alipay as a payment type to accept payments from its billion users.”
“There’s a lot of trade between Africa and China and this integration makes it easier for African merchants to accept Chinese customer payments.”
Also, a statement released from the company added that
“We’ve managed to connect African countries…to each other so it was about time we connected Africa to the world. We started with the U.S. … but you can’t connect Africa to the world without China.”
The Alipay partnership follows those between Flutterwave and Visa earlier this year to launch a consumer payment product for Africa, called GetBarter.