With this integration, airlines across the world are able to
process payments from customers through cards, bank transfers, mobile money,
alternative payment methods and other payment modes available on Flutterwave.
IATA Financial Gateway (IFG) is an omni-channel payment
orchestration and management platform fully dedicated to the airline industry
and has been designed to allow airlines to receive local payments from local
markets through all their distribution channels.
IATA has some 290 international airlines; this partnership
enables them to easily expand their operations in Africa while receiving
bookings and payments from customers in Africa using local and international
payment methods.
Airlines and travel agencies can use Flutterwave via IFG to
accept many forms of payment from customers when booking airline tickets.
Instead of having to manage multiple complex connections to payment service
providers in Africa, IFG offers a single global connection, with full
end-to-end control on payment and settlement processes and seamless integration
with ticketing systems and distribution channels.
Global airlines looking to collect local currencies through
cards and indigenous methods of payments will find this integration useful, as
it makes payments seamless for their millions of customers in Africa and other
markets where Flutterwave operates.
Olugbenga “GB” Agboola, Flutterwave CEO & Founder, said,
“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 further
accelerate this growth? One way is to ensure airlines can easily set up
operations across the continent and seamlessly receive payments from their
customers. This partnership with IATA solves the problem of payments for global
airlines venturing into Africa. We hope that this encourages more global
airlines to expand into Africa.”
Muhammad Albakri, IATA’s Senior VP, Financial Settlement and
Distribution Services, said, “The IATA Financial Gateway supports the
availability of new payment options in many markets. We welcome Flutterwave’s
participation to bring secure and innovative payment methods to airlines,
travel resellers and the travelling public in Africa.”
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