Here’s what you need to know about Flutterwave’s latest partnership with Alipay
9 August 2019
Flutterwave, a global payment solutions business based in Africa has partnered with Alipay, an e-wallet payment option of Chinese e-commerce company Alibaba.
The partnership will not only offer easy payment methods between Africa and China, but it is also expected to open up a potential Chinese market of over 1 billion people for African merchants. Alipay has a user base of over 1 billion people predominantly residing in China and as such will provide a large business base for businesspersons in Africa and China.
Flutterwave, on the other hand, has been named one of Fast Company’s most innovative African businesses of 2019 for providing businesspersons within Africa seamless ways to receive and transfer money among themselves and with global businesses via its B2B product, Rave.
“The complete payment solution would first require interconnectivity within Africa, then connectivity from Africa to the world. We started with the U.S already but you can’t connect Africa to the world without China,” read a statement released by Flutterwave. Read the fill article on Ventures here.