Flutterwave, Africa’s leading payments technology company, is now powering digital tax collections for the Federal Inland Revenue Service (FIRS), positioning itself as one of the few fintechs supporting the government in the modernization of tax payments.
This collaboration allows the FIRS to utilize Flutterwave’s secure and efficient payment infrastructure to collect taxes, levies, and other payments from individuals and businesses throughout Nigeria.
Flutterwave’s advanced payment technology streamlines the tax payment process for individuals, Small and Medium Enterprises (SMEs), and large corporations, ensuring a fast, transparent, and accessible experience.
By integrating with the FIRS, Flutterwave offers a variety of digital payment options, real-time reporting and tracking, offline payment capabilities, and a secure system for Nigerians both within the country and in the diaspora.
Olugbenga Agboola, CEO of Flutterwave, said: “At Flutterwave, we are dedicated to leveraging technology to enhance efficiency and drive economic growth. By simplifying tax payments and increasing transparency, we are supporting the digitalization of government collections and contributing to national development, which aligns with our mission.”
This integration offers significant benefits, including real-time payment tracking, diverse mobile and digital payment options, offline tax payment capabilities, and improved transparency for both taxpayers and the FIRS. It also enables Nigerians in the diaspora to conveniently pay their taxes.
These innovations align with the FIRS’ commitment to modernizing government collections and improving the user experience.
Olufunmilayo Olaniyi, Senior Vice President of Business Development at Flutterwave, highlighted the company’s focus on serving Nigerians: “Partnering with the public sector is key to shaping the future of digital payments in Nigeria. This reinforces our dedication to delivering solutions that benefit Nigerians, build trust, and drive impactful innovation through strategic collaboration.”
With its established presence across Africa, Flutterwave continues to play a significant role in the digitization of public sector services in Nigeria. In 2024, it also teamed up with the Economic and Financial Crimes Commission (EFCC) to create a cybercrime research center, further strengthening its commitment to financial security and innovation.
As one of the leading fintech companies facilitating government tax collections, Flutterwave remains at the forefront of financial technology solutions that enhance business operations and foster growth in Nigeria and beyond.
For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Inner Konsult Ltd at www.innerkonsult.com at Lagos, Ogun state Nigeria offices. You can also reach us via WhatsApp at +2348038460036.
