This advancement enables the FIRS to utilize Flutterwave’s smooth and safe payment system for gathering taxes, levies, and various payments from enterprises and people throughout Nigeria.
Flutterwave’s payment solutions make it easier for individuals, small businesses, medium-sized enterprises (SMEs), and big companies to handle their taxes. This ensures a quick, clear, and user-friendly process for making tax payments.
Through integration with FIRS, Flutterwave offers various digital payment solutions, instant reporting and monitoring, the ability to make tax payments even when offline, along with a safe payment platform for Nigerians residing within the country and abroad.
Olugbenga 'GB' Agboola, the CEO of Flutterwave, commented: "At Flutterwave, we are dedicated to using technology to enhance efficiency and promote economic progress. Simplifying and increasing transparency in tax payments allows us to assist in digitalizing governmental revenue collection, thereby contributing to national development consistent with our objectives."
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 developments are in line with the Federal Inland Revenue Service’s dedication to updating governmental collection methods and enhancing user satisfaction.
Olufunmilayo Olaniyi, who serves as the Senior Vice President for Business Development at Flutterwave, highlighted the organization's dedication to Nigerian citizens by stating, "Collaborating with government entities plays an essential role in defining the trajectory of digital payment systems within Nigeria. It reinforces our pledge to provide services that enhance convenience for Nigerians, build confidence, and promote significant advancements via targeted partnerships."
Given its successful history throughout Africa, Flutterwave remains instrumental in advancing digital initiatives within the public sector of Nigeria.
In 2024, Flutterwave teamed up with the Economic and Financial Crimes Commission (EFCC) to create a cybercrime research center, underscoring their commitment to financial safety and progress.
As a leading fintech company streamlining government tax collections, Flutterwave continues to be a pioneer in financial technology solutions that improve business processes and foster expansion throughout Nigeria and beyond.
Provided by Syndigate Media Inc. ( Syndigate.info ).
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