Flutterwave—A digital payment solution in Nigeria

Abstract

This case study analyses the Information & Communication Technology (ICT) sector of the West African country Nigeria; the growth of their internet services leading to online payment options. The rise of telecommunication companies and mobile payment options are also scrutinized here to some extent. The report discusses the overlying assumptions of weak online financial security issues that developing countries face and how payment aggregators are aiding in the process in order to achieve a smooth digital marketplace. Flutterwave, is a B2B digital payment Application Programming Interface (API) that allows processing of credit and debit for cards, other local alternative payments, such as mobile money and Automated Clearing House (ACH), across Africa. They ensure that global merchants are able to process payments like a local African company. The case of Flutterwave is discussed in detail with their business model—customer profiles, provided services, a landscape of their competitors and the challenges faced doing business; in order to shed some light on the aspect of making Nigeria a potential destination of investment for many Multinational Corporation (MNC’s) in the future.

The Digital Transformation of Smes: A Comparative Review Between the Usa and Africa

“…The platform provides seamless payment solutions, including card payments, mobile wallets, and other digital payment methods. By addressing the complexities of cross-border transactions and fostering financial inclusivity, Flutterwave exemplifies how fintech innovations can contribute to economic development and financial empowerment (Ahmed, et. al., 2023, Damilola, 2022.…”

Digital Technology as A Driver of Government Efficiency: An Analysis of Government Parastatals in Lagos State, Nigeria

“…First, the governmental sector's culture must adapt to support usercentered methods of public service delivery (Alabi et al, 2022). There is a need to, educate, drive, and empower the public employees responsible for delivering public services in the digital age (Ahmed et al, 2023). Governments must invest significantly to ensure that the public sector is prepared to compete in the digital era since civil employees can leverage digital technology and data reuse to their advantage (Osondu et al, 2022).…”

“…E-government and other civic technologies that allow people to participate online account for a large portion of the government's literature on Technology use (Adenekan, 2021;Banigbe et al, 2019;Elizah et al, 2018;Okoroma, 2018). It is claimed that egovernment 2.0 implementations and cooperative systems improve the capacity for effective policy-making processes and strategic planning (Alabi et al, 2022;Nwankwo, 2022), achieve better interplay between the citizens and government, and between the government and the private sector in infrastructure provision (Ahmed et al, 2023;Osondu et al, 2022). E-government has improved state administrative processes and the provision of public services to its users (Shamsi et al, 2021;Sim et al, 2021;Usman et al, 2022).…”

“…Egovernment systems have spread rapidly since the internet's inception in the mid-1990s, spurred on by the need to automate routine administrative chores, enhance public service provision, and enhance transparency and accountability (Alabi et al, 2022). Developing nations have been increasing their investments in essential government administration systems, such as financial management, immigration, and treasury management (Ahmed et al, 2023). Government-togovernment (G2G) activities are predicted to become more common due to increased government involvement in this kind of activity worldwide.…”

Deep neural models for automated multi-task diagnostic scan management—quality enhancement, view classification and report generation

“…In such scenarios, image enhancement is of utmost importance to process and upgrade image quality [5]. Also, to emphasize and sharpen the image features for improved quality and better visualization [6].…”