Chipper Cash vs Flutterwave: Best Payment Platform?

There are numerous payment processors available online if you’re looking for one, but two stand out: Chipper Cash and Opay.

How to choose wisely between the two is heavily influenced by the types of transactions you want to conduct and the parties with whom you want to exchange funds.

What is Flutterwave?


Flutterwave is a Nigerian fintech firm that provides payment infrastructure to global merchants and payment service providers throughout the continent.

Flutterwave Mobile allows anyone to run their business whenever and wherever they want.

Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya founded the company in 2016, and it is headquartered in San Francisco, California, with operations in Nigeria, Kenya, Ghana, South Africa, and seven other African countries.

Flutterwave Mobile effectively transforms any smartphone into a mobile POS.

This is because Flutterwave Mobile allows you to accept card payments from anyone—you simply need to generate a payment link within the app for them to pay you with their card, just like they would at a physical POS.

Flutterwave Mobile accepts more payment types than any physical POS. Card payments, bank transfers, Paga, Mobile Money, and USSD are all possibilities.

Your delivery personnel no longer require a physical POS if they have Flutterwave Mobile installed on their phone.

Physical POS machines are no longer required for your branch sales personnel. Again, the options are numerous.

Chipper Cash

Chipper Cash

Chipper Cash is a venture-backed financial technology firm that creates software for free and instant cross-border payments in Africa and Europe, as well as solutions for businesses and merchants to process online and in-store payments.

Despite the rapid growth of electronic payments in Nigeria (and throughout Africa), sending and receiving money across borders remains difficult.

Money transfers to other African countries, on the other hand, can now be done instantly (and for free!) with the click of a button, thanks to Chipper Cash.

Chipper Cash vs Flutterwave: Transaction Fee

Below is the transaction fee or what it cost to use either of the mobile money platform to send and receive money online.


Flutterwave charges a transaction fee for each payment processed, which varies depending on your country/region and where your customer is paying from.

If your customer pays in a currency other than your local currency, it is treated as an international payment for settlement and pricing purposes.

Please be aware that all transactions made with a Naira card will be settled in Naira, regardless of the currency you are purchasing in.

This is to comply with Nigeria’s dollarisation policy.

A maximum transaction fee of NGN 2,000 applies to all local Naira payments. This means that no Naira transaction will cost you more than NGN 2,000.

Flutterwave will charge 1.4% as processing fees for local transactions. The processing fees are capped at N2000.

When making an international transaction, 3.8% will be deducted as processing fees. It is worth noting that Flutterwave accepts payments from all over the world.

If it is a local transaction, you will receive your payment the next day, but international transactions vary depending on your location.

Chipper Cash

Chipper Cash is a free mobile app that allows users in Africa to send money both within and outside of their home country.

You can also use Chipper Cash to receive money from other countries at a low currency conversion rate.

Transfers on the chipper app are always free, regardless of the amount or destination.

When transferring funds across borders in different currencies, live and current exchange rates are used. The exchange rates are displayed without any commissions.

Free money transfers between Chipper Cash and any bank or mobile money account!

Chipper Cash vs Flutterwave: Brand Location

Here, we are going to be covering the brand location of the two platforms, and see which one have more branches than the other.


Flutterwave has grown to be one of the fastest growing payment companies in the world with over 33 countries where it operates.

Flutterwave is supported in Nigeria, Ghana, Kenya, South Africa, Uganda, Tanzania, the United Kingdom, America, and Europe.

In addition to the local cards of these countries/regions, Flutterwave accepts payments from all MasterCard and Visa cards.

Chipper Cash

California-based Chipper Cash offers free peer-to-peer payment services in nine countries: the United States, the United Kingdom, Ghana, Uganda, Tanzania, Rwanda, Nigeria, South Africa, and Kenya.

The company recently expanded into the UK and US markets in order to facilitate money transfers from both locations to Africa.

Chipper Cash vs Flutterwave: Currency Support

This focuses on the currency that’s been used on both of the platforms


List of currency that Flutterwave supports.

  • British Pound Sterling (GBP)
  • Canadian Dollar (CAD)
  • Central African CFA Franc (XAF)
  • Chilean Peso (CLP)
  • Colombian Peso (COP)
  • Egyptian Pound (EGP)
  • Ghanaian Cedi (GHS)
  • Guinean Franc (GNF)
  • Kenyan Shilling (KES)
  • Malawian Kwacha (MWK)
  • Moroccan Dirham (MAD)
  • Nigerian Naira (NGN)
  • Rwandan Franc (RWF)
  • Sierra Leonean Leone (SLL)
  • São Tomé and Príncipe dobra (STD)
  • South African Rand (ZAR)
  • Tanzanian Shilling (TZS)
  • Ugandan Shilling (UGX)
  • United States Dollar (USD)
  • West African CFA 
  • Zambian Kwacha (ZMW)

Chipper Cash

In most African countries, regardless of currency, chipper cash can be used to receive and send money. You can also receive funds from other countries at a low and reasonable exchange rate.

Chipper Cash is one of Africa’s best Fintech companies, despite the fact that it is not as functional as PayPal and only operates in nine countries.

Chipper Cash vs Flutterwave: Which one is faster?

ou want to make sure your payment gets to where its going very quickly. So in this section, we’ll be looking at how fast both platforms are.


When sending money, especially to destinations thousands of kilometres away, one of the most important factors to consider is the speed with which the money transfer service delivers the funds.

It is obvious why the delivery time is critical: receiving the money sooner or later can mean the difference between the recipient being able to pay a hospital bill, make purchases, or resolve problems.

This is why speed is essential.

Flutterwave today launched Send, a tool that allows users to send money to those who matter to them no matter where they are in the world.

Send enables individuals and businesses to send money to recipients in a convenient and advantageous manner.

Users can use Send to send money directly to recipients’ bank accounts or to their Barter accounts.

Transfers to bank accounts take one to three business days, whereas transfers to Barter accounts are immediate.

When Barter is chosen as the delivery method, the recipient receives the money in seconds.

As a result, Barter is the quickest and easiest way to send money via Send.

Chipper Cash

Chipper performs real-time transfers. Depending on the bank, it could take as little as a few minutes or as long as two working days to enter your recipient’s mobile money account.

Transferring money across borders is just as quick as transferring money within the country.

Sending and receiving money is quick and simple. Chipper Cash allows you to transfer money locally and across Africa using your mobile phone.

Chipper Cash makes it easier to send money than some African bank apps and e-wallets.

Chipper Cash vs Flutterwave: Ease of use, Accessibility & Security?

Let’s look at how easy to use the platform is and also look at the security put in place to protect their users.


Flutterwave, a technical software partner for banks and financial service providers, uses Payment Account Attributes Inquiry, Foreign Exchange Rates, and Visa Direct to bring new features such as digital payments to consumers across Africa and beyond.

“We take security seriously,” says Flutterwave, “so every payment made on our platform is 100% secure, even exceeding industry standards.”

They are PA DSS and PCI DSS compliant, which ensures security and demonstrates that the payment gateway is subject to the highest level of security audit.

With ISO 27001 & 22301 Certification, you can be confident that Flutterwave is fully prepared to handle payments because it has been certified for acceptable business practices and processes.

Chipper Cash

Your money and account are secure thanks to the security of the Chipper Cash app. Before logging back into your Chipper wallet account, the app requires two-step authentication (via SMS).

Every time you close and reopen the app, a Security Lock feature mandates that you enter your Chipper PIN.

At Chipper Cash, your payment information and personal information are encrypted to safeguard you against unauthorized activities and to offer a secure platform for sending and receiving cash.

Your payment information and personal data are encrypted by Chipper Cash in order to safeguard you against fraudulent transactions and to offer a safe platform for sending and receiving cash.

Chipper Cash vs Flutterwave: Net worth

Here we”ll be looking at the net worth value of both platforms. While using any, you want to be sure the platform is got you covered with its reserved.

Chipper Cash Net worth

The number of registered users on Chipper increased from around two million in 2020 to more than five million by the end of 2021. 

The US accounts for one-third of its 350 employees. Deciens Capital, FTX Ribbit Capital, and others contributed $280 million. The most recent estimate is $2.2 billion.

Flutterwave Net worth

Flutterwave received a new valuation after raising $250 million in a Series D funding round.

The funding round raises the company’s valuation to $3 billion, making it Africa’s most valuable startup at the time of writing.

Flutterwave’s valuation is approximately N1.71 trillion based on a $3 billion valuation and an exchange rate of N570 to one US dollar. 

We looked at the Stocks Worth Over One Trillion (SWOOT) because of its trillion-naira status, and when compared to these legacy organizations that have attained this feat and are listed on the Nigerian Exchange Group (NGX), it reveals that Flutterwave is more valuable than Nestle Nigeria, which currently has a market capitalization of approximately N1.14 trillion.

Similarities between Chipper cash and Flutterwave

Flutterwave Chipper Cash 
No In-App PurchasesNo In-App Purchases
Free to useFree to use
No Coupons available No Coupons available

Chipper Cash vs Flutterwave: Customer Reviews

Below are reviews we’ve been able to gather online from real users using the platform. This will further guide you to know which platform is more loved by its users.


On Google Play Store, Flutterwave has a rating of 4.0 from over 1,2044 reviews. 

With all its ratings and reviews, we can conclude that Flutterwave is a legitimate online payment platform that allows people in Nigeria and other parts of Africa to collect, send, and sell money online.

Chipper Cash

Chipper Cash has a rating of 4.2 from over 73,206 reviews on Google Play.

Chipper Cash is doing well with all of its ratings and reviews.

I read through all of the app’s reviews and concluded that Chipper Cash is convenient; it’s a cross-border payments app where over 3 million people send and receive money.

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