Barely a month after revealing a pact between Microsoft to streamline payment services across Africa, Flutterwave has expeditiously rolled out a brand new product. Alongside a new partnership deal on the heels of the product reveal.
Over the years, Africans have encountered numerous obstacles preventing prompt and efficient disbursement of their funds to financial institutions abroad. Flutterwave’s vision is to enable Africans to create multinational businesses that accept payments from anywhere in Africa and beyond.
In line with this, a new payment product called Tuition was introduced. It conveniently allows African users to pay just about any fee to educational institutions. Both within Africa and outside using their local currencies.
The technology company announced that Tuition’s primary goal is to address the payment challenges faced by students, parents, guardians, and sponsors. Whether they are studying abroad or in their home countries, this innovative service will facilitate seamless and hassle-free payment transactions
Currently available in Nigeria for UK school fee payments, Tuition will soon be rolled out to other African countries in the coming months. Additionally, Flutterwave has plans to expand access to the product. By adding more schools in Africa, the UK, US, Canada, France, and Germany. Flutterwave’s sight is fixed on delivering a comprehensive solution to fee payment around the world.
The CEO of Flutterwave Olugbenga Agboola, expressed his excitement for the launch of Tuition.
“We are excited to launch Tuition to support the dreams of African students across all levels who want to study anywhere without worrying about how to meet the deadline for their school fees payment. With Tuition, we are providing a safer, reliable, and affordable means for African students to pursue their dreams and seamlessly get financial support from parents, guardians, and sponsors.”
Olugbenga Agboola, CEO of Flutterwave
Stella Elele, the Product Manager of Tuition at Flutterwave, also commented on the product launch. “We are always looking for new ways to make payment challenges in Africa hassle-free, and we are confident that Tuition will be a game changer for parents who want to support their children’s education. We are excited to offer this solution to parents in Nigeria, with plans to eventually roll out the service to other African countries. We want to provide the best possible service and support for our customers.”
Stella Elele, Product Manager
Flutterwave Partners with IATA to Simplify Payments for Airlines in Africa
With the launch of Tuition underway, Flutterwave continues to demonstrate its commitment to driving innovation. And empowering Africans to pursue their careers, grow their businesses, travel the world, and have fun without unnecessary financial burdens. The convenience, security, and reliability of each new payment product/service hold great promise for the future of commerce in Africa and beyond.
To sweeten the pot of payment transactions, especially in sub-Saharan Africa, Flutterwave teamed up with the International Air Transport Association (IATA) to improve travel experiences by a mile. Leveraging IATA’s Payment management platform, Flutterwave will ensure airlines worldwide process payments from customers seamlessly. Through various payment methods, including cards, wire transfers, mobile money, and other payment options. As Africa’s aviation sector continues to expand, this collaboration will pave the way for improved airline experiences across the continent.
Global Payment Possibilities and IATA’s Commitment to Innovation
The IATA’s primary purpose is to enable airlines to accept local payments from various markets through all distribution channels. With approximately 290 international airlines under IATA’s umbrella, this collaboration simultaneously grants them access to expand their operations in Africa. And efficiently manage bookings, as well as local and international payments.
This integration favors travel agencies; there are more than enough payment options available whenever clients make reservations for airline tickets. Instead of dealing with complex connections to various payment service providers in Africa, just one global connection with steady regulation of payment methods will do the trick.
The strategic collaboration between Flutterwave and IATA represents a significant landmark that will help boost airline payments in Africa. Leveraging Flutterwave’s efficient and reliable payment infrastructure and IATA’s drive to promote and simplify aviation activities, airlines worldwide will surely provide decent payment services to their customers.