Flywire, a US-based payment and receivables solutions provider, has selected Flutterwave’s Rave payment platform to facilitate cross-border payment transactions for students, patients, and businesses in Nigeria.
According to Higher Education Statistics Authority data, Nigeria is the number one source of international students and patients from Africa.
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The country annually exports and imports goods and services worth around $35bn and $30bn, respectively, according to data from World’s Top Exports.
Flywire CEO Mike Massaro said: “Nigeria can be a very complex foreign exchange environment. Together with Flutterwave, we’re removing a lot of that complexity and providing a more seamless payment experience for international students, patients, and businesses.
“Nigerians will now have the convenience of being able to make digital, cross-border payments in their local currency, through ebank transfers, credit/debit cards, and mobile payments. Our partnership will also streamline the reconciliation of these payments on the receiving end for schools, hospitals and businesses.”
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