• Latest
  • Trending
  • All
More Trouble For Flutterwave As Company Shuts Down Virtual Dollar Card Service

More Trouble For Flutterwave As Company Shuts Down Virtual Dollar Card Service

Ibas faults NBA for moving Conference from Rivers to Enugu, demands Refund of N300m Hosting Rights

Rivers LG Administrator Resigns

2027: Atiku, Amaechi, El-rufai form New Political Party, writes INEC

2027: Atiku, Amaechi, El-rufai form New Political Party, writes INEC

Court remands TikToker For Bathing On Street

Court remands TikToker For Bathing On Street

JUST IN: Presidency warns Nigerians, Leaders over Opposition to Tinubu’s Tax Reform Bills

Tinubu lands in Benue amidst Aftermath of Yelewata attack

CAC Increases Service Fees from  August 1

CAC Increases Service Fees from August 1

Benue: Military deploys Air Surveillance after Terror Invasion killed over 100 in Guma

Benue: Military deploys Air Surveillance after Terror Invasion killed over 100 in Guma

DEMOCRACY ON TRIAL: A LEGAL REFLECTION ON 25+ YEARS OF CIVILIAN RULE IN NIGERIA

DEMOCRACY ON TRIAL: A LEGAL REFLECTION ON 25+ YEARS OF CIVILIAN RULE IN NIGERIA

Air India Plane carrying 242 Passengers Crashes after Takeoff (Video)

Air India Plane carrying 242 Passengers Crashes after Takeoff (Video)

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

CBEX Resumes Operations, asks Nigerian Investors To Deposit $200

How Fuel Prices rose from 6 kobo-N650/litre Since 1973 to 2024

Fuel Marketers Engage Suppliers To Crash Petrol Price To N700/Litre

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports

Ondo Deputy Speaker and Majority Leader resign

Ondo Deputy Speaker and Majority Leader resign

  • About Us
  • Advertise with Us
  • Editorial Policy
Friday, June 27, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Business News

More Trouble For Flutterwave As Company Shuts Down Virtual Dollar Card Service

by iDeemlawful
July 16, 2022
A A
More Trouble For Flutterwave As Company Shuts Down Virtual Dollar Card Service
FacebookTwitterWhatsapp

Amid raging controversies against it, African financial technology (Fintech) company, Flutterwave has announced plans to shut down usage of its virtual dollar card service, ‘Bartercard’ effective from July 17th, 2022.

This may worsen the image-fading challenge the firm has suffered in recent times.

The company made the announcement to its customers on Friday, indicating that the shutdown will be in effect until further notice

RelatedPosts

JUST IN: Governor Adeleke cast his votes as Osun LG poll begins

Meranda presides over Lagos Assembly plenary amidst Tension

JUST IN: Lagos Assembly Speaker, Mojisola Meranda faces mounting pressure to step down

Wike backs Tinubu despite economic woes as G-5 Governors meet Makinde

By this development, many users of the service will be denied access to carry out dollar related transactions using their financial platform.

Analysts express concern that this may worsen online dollar transaction problem in Nigeria Africa.

The company said, “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).”

It could be recalled that the Fintech company had in August 2020 disclosed that they work with major card infrastructure partners to issue cards to their customers.

This development, however, has triggered reactions from the virtual card service users. Some shared concerns over the sudden announcement of the unavailability of the card from Sunday. Many decried the incessant dollar card challenges in Nigeria.

On Twitter, @jessedayusuf asked “PayDay and Barter, both having their virtual cards “temporarily unavailable. Has Nigeria been blacklisted?”

@onejoblessboy on Twitter said “Barter removing the Dollar card feature just shows the state of the industry and may be by extension, the state of the nation. Remember PiggyVest also temporarily discontinued their Dollar Savings feature. Nigerians, wear your ‘jeans!’ payments.”

Edwin Ajogun described the news as a blow to Nigerian payments system when he stated that “Barter’s dollar cards will be unavailable from this Sunday, another blow to Nigerian economy”.

Tags: FlutterwaveiPad
Previous Post

#OsunDecides: What PDP’s Candidate, Adeleke Says After Casting Vote at Poling Unit

Next Post

#OsunDecides: INEC Portal Indicates Leads Of PDP’s Adeleke Against APC’s Oyetola

iDeemlawful

iDeemlawful

Related Posts

CAC Increases Service Fees from  August 1
Business News

CAC Increases Service Fees from August 1

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud
Business News

CBEX Resumes Operations, asks Nigerian Investors To Deposit $200

How Fuel Prices rose from 6 kobo-N650/litre Since 1973 to 2024
Business News

Fuel Marketers Engage Suppliers To Crash Petrol Price To N700/Litre

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports
Business News

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria
Business News

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria

Nigeria Pays Back all N2.59trn IMF Debt
Business News

Nigeria Pays Back all N2.59trn IMF Debt

FCCPC Replies  Meta’s threat to Quit Nigeria over ₦220 Million Fine
Business News

FCCPC Replies Meta’s threat to Quit Nigeria over ₦220 Million Fine

NNPC reduces NMDPRA fee Per-Litre petrol in New Pricing Template
Business News

$3bn Refinery Fraud: N80bn found in sacked MD’s Bank Accounts

15 Die in Kwara road Accident
Business News

Easter: Jubilations As Kwara Workers Receive April Salaries

Can Nigerians still Placed Fund Withdrawal? – What you need to know as CBEX crashes
Business News

Can Nigerians still Placed Fund Withdrawal? – What you need to know as CBEX crashes

Load More

Leave a Reply Cancel reply

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

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

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