Flutterwave Facilitates Digital Tax Collections For FIRS

Flutterwave said it is facilitating digital tax collections for the Federal Inland Revenue Service (FIRS) to help modernise tax payments for the government.

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.

The CEO of Flutterwave, Olugbenga Agboola, 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.”

RELATED

Sterling Bank, BOI, LASG Launch N10bn in SME Loans at Single-digit Rates

1 hour ago

$700m Cabotage Fund To Be Disbursed At Single Digit Interest Rate – NIMASA

1 hour ago

According to him, 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 modernising government collections and improving user experience.”

The senior vice president, Business Development at Flutterwave, Olufunmilayo Olaniyi stated that “working with the public sector is pivotal to shaping the future of digital payments in Nigeria.”

Olaniyi added that “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 digitisation efforts in Nigeria. In 2024, Flutterwave also partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research centre, 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.

Flutterwave is the leading payments technology company that enables businesses worldwide to expand their operations in Africa and other emerging markets through a platform that enables local and cross-border transactions via one Application Programming Interface (API).