Flutterwave, Africa’s leading payments technology company, has collaborated with Token.io to power Pay By Bank transfer capabilities for Flutterwave’s platform.
Flutterwave and Token.io team up
A2A payments (often called ‘Pay By Bank’) are a fast and secure way to move money between bank accounts.
Open Banking powered A2A payments do not require registration or error-prone data entry, making them a seamless payment method.
End-users authenticate A2A payments directly with their bank for a frictionless experience that also delivers higher success rates than market standards.
A2A payments offer merchants cost savings compared to traditional payment methods and settle instantly to improve cash flow.
“Our partnership with Token.io will make it even faster and easier for individuals and businesses to pay and receive money,” comments Olugbenga “GB” Agboola, CEO of Flutterwave.
“By partnering with Token.io to provide Account-to-Account payments to our customers, Flutterwave will advance its mission of connecting Africa to the global economy,” he added.
Powered by open banking, Token.io’s A2A infrastructure enables payment providers to launch their own A2A payment capabilities to grow their market share.
The post Flutterwave and Token.io team up to provide Pay By Bank transfer appeared first on Payments Cards & Mobile.
