Flutterwave has officially expanded its footprint in Africa with a new payment licence in Zambia, a country where mobile money services drive nearly 70% of financial inclusion. This move positions the fintech giant as a key player in Zambia’s digital payments sector, promising to accelerate cashless transactions and business growth.
With its advanced technology, Flutterwave enables businesses to securely process mobile money collections and payouts, reducing reliance on cash and streamlining financial operations. The company’s platform is expected to enhance the efficiency of local businesses while offering global payment solutions to enterprises aiming for international expansion.
A Gateway for International Transactions
As one of Africa’s leading fintech firms, Flutterwave’s entry into Zambia provides a vital gateway for international companies looking to establish a presence in the region. By facilitating seamless local and cross-border transactions, the company ensures that Zambian enterprises can collect payments from customers abroad with ease, fostering global business operations.
This latest expansion aligns with Flutterwave’s broader mission to strengthen Africa’s digital payment infrastructure. Currently operating in over 30 countries, the company continues to innovate in the fintech space, providing cutting-edge financial solutions to businesses and consumers alike.
Building on a Strong African Presence
Flutterwave‘s presence in Zambia follows a series of strategic expansions across Africa. In August 2024, the company secured a Payment Service Provider licence in Ghana, enabling independent operations and simplifying transactions for businesses. Earlier, in June 2024, it received approval in principle for a payment aggregator licence in Mozambique, further reinforcing its reach across the continent.
The fintech firm has also established strong partnerships to enhance mobile money accessibility. In 2021, Flutterwave teamed up with MTN Group to facilitate mobile money payments in several African markets, including Zambia. This collaboration has played a significant role in improving digital transactions across the region.
With its latest milestone in Zambia, Flutterwave continues to push the boundaries of fintech innovation, supporting businesses and boosting financial inclusion across Africa.
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