Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank

Flutterwave, the Nigerian fintech giant, precocious said it had obtained 2 licenses from the National Bank of Rwanda, which let it to connection its services to much than 13 cardinal radical surviving and moving successful Rwanda. According to Flutterwave’s typical successful the country, the 2 licenses marque it imaginable for her institution “to supply safe, unafraid and seamless outgo services for individuals and businesses successful Rwanda.”

Helping Individuals and Businesses successful Rwanda

The Nigerian fintech elephantine Flutterwave announced connected March 15 that it has secured 2 further licenses successful Rwanda, that volition assistance it grow its operations successful East Africa. The licenses — known arsenic the physics wealth issuer and remittance licenses — were issued by the National Bank of Rwanda. They alteration the fintech steadfast to connection its services to much than 13 cardinal radical surviving and moving successful Rwanda.

According to a connection released by the fintech, possessing the 2 licenses besides allows Flutterwave to deploy its scope of products that see cross-border wealth transportation solutions. Products including Flutterwave’s store, outgo links, invoices, and checkout volition besides go disposable to individuals and businesses successful Rwanda.

Commenting connected the news, Olugbenga Agboola, the laminitis and CEO astatine Flutterwave, said the granting of the licenses shows the fintech’s committedness to its imaginativeness of linking Africa done payments. The CEO besides explained wherefore Rwanda is an important marketplace for Flutterwave. He said:

“As a state good known for fostering innovation and promoting the usage of integer technology, Rwanda has ever been important to our enlargement plans successful East Africa. We are delighted for the ballot of assurance successful being granted these licenses,” Agboola said.

Leah Uwihoreye, the fintech’s East Africa Regional Lead, said the 2 licenses marque it imaginable for her institution “to supply safe, unafraid and seamless outgo services for individuals and businesses successful Rwanda.”

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