Flutterwave has allegedly lost ₦11 billion to a security breach in April 2024. According to TechCabal, the perpetrators of the breach illegally transferred ₦11 billion ($7.2 million) to several accounts in small amounts that would not trigger fraud checks.
Flutterwave was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and is headquartered in San Francisco, California with current operations in the U.S., Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries.
Log your claim for a refund. After you log your claim against a merchant, we will contact the merchant and give you a response on your claim within 24 hours or as soon as we get a response from the merchant.
OPay payment gateway is the latest payment gateway in Nigeria for developers to accept payments on their websites or apps. The platform offers various features, including fraud prevention, two-factor authentication, automatic chargeback prevention, HIPAA compliance and more.
Opay is a Nigerian digital wallet preferred by several customers to make transactions. Flutterwave allows you to collect payment from your customers by debiting their OPay wallets directly. This transaction involves redirecting to the customer's wallet to authorize the debit and complete the payment.
Yes, you can consider Flutterwave safe for payments. The platform maintains PCI-DSS Level 1 compliance, which is a security standard for handling credit card information. It also has fraud detection and other security measures in place to protect your transactions.
Please note that we will always refund the full amount you paid for a transaction. If you receive a different amount, it might be due to: Your bank charged a fee after we refunded the full amount. Please contact your bank for assistance.
If the account you've sent the money to exists, you'll need to contact your bank to request your money back. If it doesn't, the payment should fail and the money should automatically bounce back to you.
Send App is a product by Flutterwave Technology Solutions Ltd (Flutterwave). Flutterwave holds an International Money Transfer Operator license for inbound remittances, issued by the Central Bank of Nigeria.
OPay in Nigeria is owned by Zhou Yahui, a Chinese billionaire and the chairman of Opera Software, which is OPay's parent company. He is also the founder of Kunlun Tech Co.
What is the best app to send money from Nigeria to UK?
The best way to send money to United Kingdom is with Pesa. Pesa is a digital Cross-border financial service provider offering a convenient way to send and receive money internationally at the best exchange rates in the market.
These include Cards, Apple Pay, Bank Account, Google Pay, USSD, Bank Transfer, QR codes, Mobile Money, and Kenyan Mpesa, among others. Flutterwave is supported in Nigeria, Ghana, Kenya, South Africa, Uganda, Tanzania, the United Kingdom, the United States, and Europe.
The funds in your Flutterwave balance can either be automatically settled to your bank account, or used for transfers. The Balances page on your dashboard shows the amounts you have in both the Collection balance and Payout balance for all the currencies we settle in.
Scammers know that once you wire money to them, there's usually no way to get your money back. Scammers can quickly pick up your money at any of the wire transfer company's locations throughout the world. And, it's nearly impossible to identify who picked up the money or track them down.
Flutterwave is ISO ISO 27001 & 22301 certified, which means that we have acceptable business practices and processes, including a robust business continuity plan.
Frustrated by these inefficiencies, Nigerian entrepreneur Olugbenga Agboola and a team of ex-bankers and engineers started Flutterwave, a payment processing company that helps businesses make and receive payments across borders, using one API.
Comparing the customer bases of Paystack and Flutterwave, we can see that Paystack has 1,756 customer(s), while Flutterwave has 1,257 customer(s). In the Payments Processing category, with 1,756 customer(s) Paystack stands at 21st place by ranking, while Flutterwave with 1,257 customer(s), is at the 29th place.
Opay Digital Services Limited commonly called Opay, and formerly Paycom Nigeria Limited, is a fintech mobile money operating company founded by Zhou Yahui in 2013 with headquarters in Ikeja, Lagos State, Nigeria. It is among the four major fintech companies in Nigeria: Moniepoint Inc., Kuda, and PalmPay.
Paystack was founded in 2015 by Nigerian computer science graduates Shola Akinlade and Ezra Olubi. The company later participated in the Y Combinator startup accelerator, receiving early-stage funding in Silicon Valley. Paystack publicly launched in 2016 after participating in Y Combinator's Winter 2016 cohort.
Mobile payment fintech OPay has secured $400 million in a Series C funding round led by SoftBank's Vision Fund 2. The round also included participation from DragonBall Capital, Sequoia Capital China, Source Code Capital, SoftBank Ventures Asia, Redpoint China and 3W Capital.
