Flutterwave and IATA Work Together to Process Payments for African Airlines. To ease travel to sub-Saharan Africa, Flutterwave, the continent’s top payments technology provider, has joined the International Air Transport Association’s (IATA) payment orchestration platform.
Why It’s Important
Airlines all around the world may now accept payments from consumers using cards, bank transfers, mobile money, alternative payment methods, and other payment modalities thanks to the integration of Flutterwave.
IATA Financial Gateway (IFG) is a platform for managing and orchestrating omnichannel payments that is entirely devoted to the airline sector. It was created to enable airlines to accept local payments from local markets via all of their distribution channels.
Greater Depth
IATA has about 290 worldwide airlines; this collaboration allows them to quickly grow their operations in Africa while taking reservations and payments from clients there using local and international currencies.
When clients purchase airline tickets, airlines and travel companies can take a variety of payments using Flutterwave via IFG.
They Are Saying
Olugbenga “GB” Agboola, CEO & Founder of Flutterwave. – “According to the International Air Transport Association (IATA), Africa is set to become one of the fastest-growing aviation regions in the next 20 years with an annual expansion of nearly 5%.”
How can we make this increase even faster? One way is to guarantee that airlines may readily launch operations across the continent and accept payments from clients in an efficient manner.
The issue of payments for international airlines operating in Africa is resolved by this agreement with IATA. We anticipate that this will inspire additional international airlines to serve Africa.
“The IATA Financial Gateway supports the availability of new payment options in many markets,” said Muhammad Albakri, Senior VP of Financial Settlement and Distribution Services at IATA.
We appreciate Flutterwave’s involvement in bringing safe and cutting-edge payment options to African airlines, travel agencies, and travelers.
