Wednesday, March 22, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Fintech/Finance

Flutterwave Seize Leveraging Dollar Transaction Terminating its Virtual Barter Card

Flutterwave shuts down its Barter Card system on July 17

Eni by Eni
July 16, 2022
in Fintech/Finance
0

Flutterwave announces a viral notification about the closure of its virtual dollar card christened the Barter Card powered by and Visa and MasterCard that will commence on July 17. The prompt notification displays a static message on the user’s dashboard to promote awareness of their inability to process transactions with foreign currencies as well as present the competence of Flutterwave’s customer care support team.

Related posts

Flutterwave Egypt

Flutterwave Has Reportedly Acquired The Egyptian Payment Service License.

February 9, 2023
Flutterwave Kenya

The Kenyan Regulators Have Discharged And Acquitted Flutterwave.

February 5, 2023

The Flutterwave-issued Barter Card is mostly called the Barter USD card as most users usually reference its use for making international transactions outside the borders of Africa such as shopping on foreign e-commerce platforms, paying for a travel ticket, payments on international apps platforms (Apple Music, Facebook, PayPal, courser, etc.). The Barter card can also be synchronized with a domiciliary account and other platforms users employ for foreign exchange exercises.

According to Flutterwave who has consented to seize issuing its virtual dollar card, the FinTech unicorn has notified its users to disconnect the Barter card from their respective Flutterwave accounts including other platforms the Barter Card is connected. Flutterwave’s consent about the issues depicts the Barter Card as quite temporary as the FinTech system suggest its users manage alternative virtual dollar card solution while they resolve the setback.

“We are writing to inform you that effective Sunday, 17th July 2022, all our Virtual Dollar cards will be unavailable for any transactions and purchases. This is due to an update from our card partner, which will cause the card service to be unavailable for an extended period.”

Still, the static message Flutterwave displays across its users’ dollar card portal did not reveal if the Barter Card disconnection is temporary or permanent. Flutterwave revealed that the Barter Card initiative is no longer supported by the card partner and the Barter Card will no longer accept being funded due to the termination of the contract. Flutterwave did not disclose Visa or MasterCard’s opinion about the contract termination.

After July 17, 2022, the Barter Card will go offline – users need not worry because Flutterwave consent to retrieve users’ available balance that will be transferred to credit their respective Flutterwave balance, neither will users be able to create a new Barter Card account henceforth. Techbooky.africa’s consent about the Flutterwave dispute with its card partner is stirred by the rumored scandals the unicorn FinTech company has encountered lately with regulatory agencies in its host country, Nigeria, and in the diaspora.

Flutterwave recently got flagged in Kenya for laundering billions of cash which the FinTech company denied all allegations. Still, the supposed scandals committed by Flutterwave did not restrict the company to continue leveraging cross-border payment. Recall that Techbooky.africa covered the report about Flutterwave’s partnership with another FinTech startup dubbed SendSprint to leverage cross-border payment within Africa and beyond the continent.

Total
2
Shares
Share 2
Tweet 0
Pin it 0
Share 0
Tags: fintechFlutterwaveVirtual Card
Previous Post

Telkom Kenya has Finalized Its 4G/LTE Broadband Installation Across Selected Areas.

Next Post

The MTN Group Proposes an Acquisition Deal to Telkom.

Next Post
The MTN Group Proposes an Acquisition Deal to Telkom.

The MTN Group Proposes an Acquisition Deal to Telkom.

RECOMMENDED NEWS

Apple Is Changing Mail Privacy Protection And Email Marketers Must Prepare

Apple Is Changing Mail Privacy Protection And Email Marketers Must Prepare

2 years ago
Kenya’s Central Bank Sanctions Flutterwave and Chipper Cash for Operating Without License.

Kenya’s Central Bank Sanctions Flutterwave and Chipper Cash for Operating Without License.

8 months ago
The Liquid C&C Cybersecurity Fusion Centre is set to put Microsoft Data Centre Out of Business.

The Liquid C&C Cybersecurity Fusion Centre is set to put Microsoft Data Centre Out of Business.

8 months ago
MTN Nigeria Advanced Its 5G License Fee Before NCC’s Futuristic Deadline.

MTN Nigeria Advanced Its 5G License Fee Before NCC’s Futuristic Deadline.

1 year ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa app banking CBDC cbn central bank of nigeria cloud cryptocurrency Crypto market cybersecurity e-commerce east africa ecommerce economy eNaira enterprise fintech Fraud funding Fundraising google government inec internet investment kenya License mtn ncc nigeria Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa y combinator

Featured Categories

App
19 Posts
View Posts
Banking
17 Posts
View Posts
Business
7 Posts
View Posts
Cryptocurrency
28 Posts
View Posts
Cybersecurity
13 Posts
View Posts
East Africa
24 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
31 Posts
View Posts
Event
9 Posts
View Posts
Fintech/Finance
85 Posts
View Posts
Funding
29 Posts
View Posts
Gadget
11 Posts
View Posts
Government
55 Posts
View Posts
Insight
4 Posts
View Posts
Internet
20 Posts
View Posts
Investment
18 Posts
View Posts
Nigerian/African Tech
31 Posts
View Posts
North Africa
2 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
2 Posts
View Posts
Service
11 Posts
View Posts
Social Media
19 Posts
View Posts
Southern Africa
17 Posts
View Posts
Startup
83 Posts
View Posts
Telecom
37 Posts
View Posts
Transport
11 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • The FG/CBN Signed A Partnership Deal With R3 Technology To Rehabilitate eNaira.
    • February 22, 2023
  • This Tool Helps With Complex Percentage Computations
    • February 13, 2023
  • Starlink Rwanda
    The RSA Licensed Starlink To Officiate Its Satellite Network Operations In Rwanda.
    • February 9, 2023
  • Google LaMDA's Bard
    Google’s Bard AI Bot Inaccuracy Influenced Alphabet Market Value Loss By 9%.
    • February 9, 2023
  • Flutterwave Egypt
    Flutterwave Has Reportedly Acquired The Egyptian Payment Service License.
    • February 9, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • The FG/CBN Signed A Partnership Deal With R3 Technology To Rehabilitate eNaira.
  • This Tool Helps With Complex Percentage Computations
  • The RSA Licensed Starlink To Officiate Its Satellite Network Operations In Rwanda.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In