• About
  • Advertise
  • Careers
  • Contact Us
Tuesday, July 1, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

Flutterwave Suspends Online and In-store Payments on Virtual Dollar Cards

by Yinka Okeowo
July 15, 2022
in Finance
0
UBA
Advertisements

Fintech giant, Flutterwave said its Virtual Dollar Cards will be unavailable for any transactions and purchases from Sunday, 17th July 2022.

The Virtual Dollar Cards have been a very convenient way for Nigerian merchants to convert their Naira balance into US Dollars on a virtual Mastercard to make payments online.

Before this announcement, Flutterwave had debunked media reports alleging involvement in money laundering, saying it’s a deliberate attempt to launch a campaign of falsehood against Nigeria’s fintech company.

Reports emerged last week Wednesday from Kenya, indicating that authorities had placed restrictions on at least 29 bank accounts suspected to have been used by Flutterwave to hold up a whopping $56.7 million.

However, announcing the service suspension on Virtual Dollar Card, Flutterwave said:

“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 aervice to be unavailable for an extended period of time.”

Here is a breakdown of what to expect from 17th July:

You will be unable to make online and in-store payments and purchases using your Virtual Dollar Card(s).

You will be unable to fund existing Virtual Dollar Card(s).

Your existing Virtual Dollar Card(s) will be terminated, and the corresponding balance will be credited to your payment balance.

You will be unable to create new Virtual Dollar Card(s).

Urgent next steps:

We recommend that you unlink your Dollar Card(s) from any recurring payments, and replace with another payment method.

Download your card statement immediately for future reference.

If you notice an incorrect card balance, please contact us.

We understand this update could cause you inconvenience; we want to apologise for the trouble and assure you that we are working with our card partners to restore this service as soon as possible.

Loading

Advertisements
MTN ADS

Author

  • Yinka Okeowo
    Yinka Okeowo

    View all posts
0Shares
Tags: FlutterwavepaymentsVirtual Dollar Cards
Yinka Okeowo

Yinka Okeowo

Next Post

This Week - Teni Sparks Up Wedding Rumors, Psquare Teases Fans, More Engaging Tweets on #TwitterNaija

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Olam Agri N1billion social investment

Olam Agri Commits Over ₦6.5bln to Sustainable Social Investment in Nigeria

11 months ago
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC)

Nigeria Targets $50bn Revenue from Satellite Commercialisation

10 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    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
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.