Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Financial institution
March 19, 2023
Flutterwave, the Nigerian fintech large, lately mentioned it had obtained two licenses from the Nationwide Financial institution of Rwanda, which permit it to supply its companies to greater than 13 million individuals residing and dealing in Rwanda. In keeping with Flutterwave’s consultant within the nation, the 2 licenses make it potential for her firm “to supply secure, safe and seamless fee companies for people and companies in Rwanda.”
Serving to People and Companies in Rwanda
The Nigerian fintech large Flutterwave announced on March 15 that it has secured two further licenses in Rwanda, that can assist it increase its operations in East Africa. The licenses — often called the digital cash issuer and remittance licenses — have been issued by the Nationwide Financial institution of Rwanda. They permit the fintech agency to supply its companies to greater than 13 million individuals residing and dealing in Rwanda.
In keeping with an announcement launched by the fintech, possessing the 2 licenses additionally permits Flutterwave to deploy its vary of merchandise that embrace cross-border cash switch options. Merchandise together with Flutterwave’s retailer, fee hyperlinks, invoices, and checkout can even develop into accessible to people and companies in Rwanda.
Commenting on the information, Olugbenga Agboola, the founder and CEO at Flutterwave, mentioned the granting of the licenses reveals the fintech’s dedication to its imaginative and prescient of linking Africa by funds. The CEO additionally defined why Rwanda is a crucial marketplace for Flutterwave. He mentioned:
“As a rustic well-known for fostering innovation and selling using digital expertise, Rwanda has at all times been essential to our enlargement plans in East Africa. We’re delighted for the vote of confidence in being granted these licenses,” Agboola mentioned.
Leah Uwihoreye, the fintech’s East Africa Regional Lead, mentioned the 2 licenses make it potential for her firm “to supply secure, safe and seamless fee companies for people and companies in Rwanda.”
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