Tuesday, April 16, 2024

Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Financial institution – Fintech Bitcoin Information


Flutterwave, the Nigerian fintech big, just lately stated it had obtained two licenses from the Nationwide Financial institution of Rwanda, which permit it to supply its companies to greater than 13 million folks dwelling and dealing in Rwanda. In keeping with Flutterwave’s consultant within the nation, the 2 licenses make it attainable for her firm “to offer secure, safe and seamless cost companies for people and companies in Rwanda.”

Serving to People and Companies in Rwanda

The Nigerian fintech big Flutterwave introduced on March 15 that it has secured two further licenses in Rwanda, that may assist it broaden its operations in East Africa. The licenses — often known as the digital cash issuer and remittance licenses — have been issued by the Nationwide Financial institution of Rwanda. They allow the fintech agency to supply its companies to greater than 13 million folks dwelling and dealing in Rwanda.

In keeping with a press release 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, cost hyperlinks, invoices, and checkout can even develop into obtainable to people and companies in Rwanda.

Commenting on the information, Olugbenga Agboola, the founder and CEO at Flutterwave, stated the granting of the licenses reveals the fintech’s dedication to its imaginative and prescient of linking Africa by means of funds. The CEO additionally defined why Rwanda is a crucial marketplace for Flutterwave. He stated:

“As a rustic well-known for fostering innovation and selling using digital expertise, Rwanda has at all times been vital to our enlargement plans in East Africa. We’re delighted for the vote of confidence in being granted these licenses,” Agboola stated.

Leah Uwihoreye, the fintech’s East Africa Regional Lead, stated the 2 licenses make it attainable for her firm “to offer secure, safe and seamless cost companies for people and companies in Rwanda.”

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively concerning the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.














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