Flutterwave, Africa’s leading payments technology company, has obtained a Payment System License in Zambia, allowing it to offer affordable and secure mobile money services. The move strengthens financial inclusion and facilitates local and international trade in the country.
Why it matters
With 70% of Zambia’s financial inclusion rate tied to mobile money, Flutterwave’s entry provides businesses with faster, cost-effective payment solutions for local and global transactions.
What they’re saying
- “Zambia is a market with enormous potential for growth and innovation,” said Olugbenga ‘GB’ Agboola, Flutterwave’s Founder & CEO. “With this new license, we’re one step closer to simplifying payments across Africa.”
- “This license allows us to fully support Zambian businesses while ensuring regulatory compliance,” added Oluwabankole Falade, Flutterwave’s Chief Regulatory Officer.
Between the lines
Flutterwave’s expansion aligns with its Pan-African strategy, strengthening its presence in over 30 countries while offering Zambian businesses cross-border payment solutions.
What’s next
The company plans to work closely with the Bank of Zambia to foster financial innovation and drive economic growth through digital payments.
