Flutterwave, Africa’s leading payments technology company, has partnered with Token.io, Europe’s leading account-to-account (A2A) payment infrastructure provider, to enable A2A payments in Africa and Europe.
A2A payments (also known as “Pay By Bank”) are a fast and secure way to move money between bank accounts.
They are powered by open banking, which allows businesses to access customer bank data directly, without the need for registration or error-prone data entry. This makes A2A payments a seamless and frictionless payment method for both merchants and customers.
The partnership between Flutterwave and Token.io will allow businesses in Africa and Europe to accept A2A payments from customers. This will provide businesses with a more efficient and cost-effective way to collect payments, and it will also make it easier for customers to pay for goods and services.
“We are excited to partner with Token.io to bring A2A payments to our customers in Africa and Europe,” said Olugbenga “GB” Agboola, CEO of Flutterwave. “This partnership will make it even faster and easier for people to pay and receive money, and it will help us to achieve our mission of connecting Africa to the global economy.”
“We are delighted to partner with Flutterwave to enable A2A payments in Africa and Europe,” said Todd Clyde, CEO of Token.io. “This partnership is a significant step forward in our mission to make open banking-powered A2A payments the preferred payment method for businesses and consumers around the world.”
The partnership between Flutterwave and Token.io is a significant development in the payments industry. It will make it easier for businesses in Africa and Europe to accept A2A payments, and it will also make it easier for customers to pay for goods and services.
This partnership is a sign of the growing adoption of open banking-powered A2A payments, and it is a further indication of the growing importance of open banking in the payments industry.