Flutterwave, Africa’s premier payments technology firm, is now facilitating digital tax collection for the Federal Inland Revenue Service (FIRS), positioning itself as one of the few fintech companies aiding the government in the modernization of tax payment systems.
This partnership enables the FIRS to utilize Flutterwave’s efficient and secure payment infrastructure to collect taxes, levies, and other payments from both businesses and individuals throughout Nigeria.
Flutterwave’s technology streamlines the tax payment process for individuals, small and medium enterprises (SMEs), and large corporations alike.
By partnering with the FIRS, Flutterwave offers a variety of digital payment solutions, real-time reporting and tracking, offline tax payment options, and a secure payment system for Nigerians both domestically and abroad.
Olugbenga ‘GB’ Agboola, CEO of Flutterwave, remarked, “At Flutterwave, we are dedicated to utilizing technology to enhance efficiency and foster economic growth. By simplifying and increasing transparency in tax payments, we are aiding in the digitization of government collections and contributing to national development, which aligns with our mission.”
This integration provides significant benefits, such as real-time payment reporting and tracking, a range of digital and mobile payment methods, offline tax payment capabilities, improved transparency for taxpayers and the FIRS, and a convenient way for Nigerians in the diaspora to pay their taxes.
These innovations support the Federal Inland Revenue Service’s commitment to modernizing government collections and improving overall efficiency.
Olufunmilayo Olaniyi, Senior Vice President of Business Development at Flutterwave, highlighted the company’s commitment to serving Nigerians: “Collaborating with the public sector is essential for shaping the future of digital payments in Nigeria. This reflects our dedication to providing solutions that better serve Nigerians, build trust, and drive meaningful innovation through strategic partnerships.”
With a strong track record throughout Africa, Flutterwave continues to be instrumental in the digitization of the public sector in Nigeria. In 2024, the company partnered with the Economic and Financial Crimes Commission (EFCC) to create a cybercrime research center, further demonstrating its commitment to financial security and innovation.
As a leading fintech provider for government tax collections, Flutterwave remains at the forefront of financial technology solutions that enhance business operations and promote growth throughout Nigeria and beyond.
