Flutterwave Gains Two Licenses in Rwanda – Fintech Bitcoin News


Nigerian-based fintech giant, Flutterwave, has been granted two additional licenses by Rwanda’s central bank, enabling it to offer services to more than 13 million people living and working in the country.

Flutterwave Obtains Licenses in Rwanda

Flutterwave, the Nigerian fintech company, recently said it has received two licenses from the National Bank of Rwanda. This makes it possible for the company to offer its services to the over 13 million people who are living and working in the African country.

The two licenses — referred to as the electronic money issuer and remittance licenses — will help the company to deploy its range of products to individuals and businesses in Rwanda. This includes the Flutterwave store, payment links, invoices, and checkout.

Commenting on the news, Olugbenga Agboola, the founder and CEO at Flutterwave, said the granting of the licenses shows the fintech’s commitment to its vision of connecting Africa through payments. Agboola also said:

“As a country well known for fostering innovation and promoting the use of digital technology, Rwanda has always been important to our expansion plans in East Africa. We are delighted for the vote of confidence in being granted these licenses,”

Leah Uwihoreye, the fintech’s East Africa Regional Lead, said the two licenses allow her company “to provide safe, secure and seamless payment services for individuals and businesses in Rwanda.”

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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