Africa’s main funds expertise firm, Flutterwave, is now enabling digital tax collections for the Federal Inland Income Service (FIRS), making it one of many few fintechs supporting the federal government in modernizing tax funds.
This growth permits the FIRS to leverage Flutterwave’s seamless and safe fee infrastructure to gather taxes, levies, and different funds from companies and people throughout Nigeria.
Flutterwave’s fee expertise simplifies tax funds for people, Small and Medium Enterprises (SMEs), and huge firms, making certain a quick, clear, and accessible tax fee expertise. By integrating with the FIRS, Flutterwave supplies various digital fee choices, real-time reporting and monitoring, offline tax fee capabilities, and a safe fee system for Nigerians each at house and within the diaspora.
Olugbenga ‘GB’ Agboola, CEO of Flutterwave, acknowledged: “At Flutterwave, we’re dedicated to leveraging expertise to drive effectivity and {economic} development. By making tax funds simpler and extra clear, we’re serving to to digitize authorities collections and help nationwide growth which is in step with our mission”
This integration additionally brings key benefits, together with real-time reporting and monitoring of funds, various digital and cellular fee choices, offline tax fee capabilities, enhanced transparency for each taxpayers and the FIRS, and offering Nigerians within the diaspora an avenue to seamlessly pay their taxes.
These developments align with the FIRS’ dedication to modernizing authorities collections and bettering consumer expertise.
Olufunmilayo Olaniyi, Senior Vice President, Enterprise Growth at Flutterwave, emphasised the corporate’s dedication to serving Nigerians: “Working with the general public sector is pivotal to shaping the way forward for digital funds in Nigeria. This underscores our dedication to delivering options that serve Nigerians higher, foster belief, and drive impactful innovation by way of strategic collaboration”
With its confirmed observe report throughout Africa, Flutterwave continues to play a key function in public sector digitization efforts in Nigeria. In 2024, Flutterwave additionally partnered with the {Economic} and {Financial} Crimes Fee (EFCC) to ascertain a cybercrime analysis heart, reinforcing its dedication to {financial} safety and innovation.
As one of many main fintechs facilitating authorities tax collections, Flutterwave stays on the forefront {of financial} expertise options that improve enterprise operations and allow development throughout Nigeria and past.
