Flutterwave, a Nigeria-based payments technology company, has expanded its presence in Ghana by integrating the Pay With Bank Transfer option in collaboration with Affinity Bank.

Ghana recorded over 115 million bank transfer payments in 2023.

While Mobile Money remains the dominant payment method for daily transactions, the increasing adoption of bank transfers highlights the growing range of payment options available to businesses in the country.

With this integration, businesses using Flutterwave in Ghana can now receive payments securely via bank transfers.

Flutterwave has introduced various payment solutions across Africa, and this development adds another option for businesses and customers.

Bank transfers offer a faster and more secure way to process payments, benefiting both merchants and consumers.

Olugbenga Agboola, Flutterwave’s Founder and CEO, stated:

“We are pleased to expand our services in Ghana. At Flutterwave, our goal is to support Africa’s economy by broadening access to payments and helping local businesses grow.”

Through this partnership, Flutterwave seeks to encourage the use of bank transfers in Ghana by providing virtual accounts for secure and transparent transactions.

This aims to simplify the payment process for enterprises and small businesses while improving customer convenience.

This announcement follows Flutterwave’s recent approval by the Bank of Ghana to offer inward remittance services.

Featured image credit: Flutterwave