Finance
FIRS collaborates with Flutterwave for digital payment collection
Africa’s leading payments technology company, Flutterwave, is now enabling digital tax collections for the Federal Inland Revenue Service (FIRS), making it one of the few fintechs supporting the government in modernizing tax payments. This development allows the FIRS to leverage Flutterwave’s seamless and secure payment infrastructure to collect taxes, levies, and other payments from businesses and individuals across Nigeria. Flutterwave’s payment technology simplifies tax payments for individuals, Small and Medium Enterprises (SMEs), and large corporations, ensuring a fast, transparent, and accessible tax payment experience. By integrating with the FIRS, Flutterwave provides diverse digital payment options, real-time reporting and tracking, offline tax payment capabilities, and a secure payment system for Nigerians both at home and in the diaspora.
Olugbenga ‘GB’ Agboola, CEO of Flutterwave, stated: “At Flutterwave, we are committed to leveraging technology to drive efficiency and economic growth. By making tax payments easier and more transparent, we are helping to digitise government collections and support national development which is in line with our mission.” This integration also brings key advantages, including real-time reporting and tracking of payments, diverse digital and mobile payment options, offline tax payment capabilities, enhanced transparency for both taxpayers and the FIRS, and providing Nigerians in the diaspora an avenue to seamlessly pay their taxes. These advancements align with the FIRS’ commitment to modernizing government collections and improving user experience.
Olufunmilayo Olaniyi, Senior Vice President, Business Development at Flutterwave, emphasised the company’s dedication to serving Nigerians, saying, “Working with the public sector is pivotal to shaping the future of digital payments in Nigeria. “This underscores our commitment to delivering solutions that serve Nigerians better, foster trust, and drive impactful innovation through strategic collaboration.” With its proven track record across Africa, Flutterwave continues to play a key role in public sector digitization efforts in Nigeria. In 2024, Flutterwave also partnered the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center, reinforcing its dedication to financial security and innovation. As one of the primary fintechs facilitating government tax collections, Flutterwave remains at the forefront of financial technology solutions that enhance business operations and enable growth across Nigeria and beyond.
-
News19 hours agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Maritime19 hours agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy19 hours agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance19 hours agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business19 hours agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture19 hours agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Oil and Gas19 hours agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
News19 hours agoRaham Bello, others launch N20bn endowment fund for alma mater
