Flutterwave, Africa’s leading payments tech company, has secured a Payment Institution (PI) license from the Central Bank of West African States (BCEAO), allowing it to operate fully in Senegal.
Why it matters
This license enables Flutterwave to offer its full suite of digital payment solutions in Senegal—a growing fintech hub in West Africa.
As digital payments continue to reshape Africa’s economic landscape, the move strengthens Flutterwave’s regional presence and supports business scalability in a fast-digitizing market.
Driving the news:
- With the PI license, Flutterwave can now offer collection, payout, and other advanced payment services to businesses in Senegal.
- Senegal is part of the digital finance boom sweeping Sub-Saharan Africa, where 28% of adults now use mobile money.
- Flutterwave’s entry aims to empower SMEs with tools such as mobile money, card payments, payment links, and a user-friendly dashboard.
What they’re saying:
“It’s necessary to make payments as easy as possible across Africa,” said Olugbenga ‘GB’ Agboola, Flutterwave’s Founder & CEO. “Senegal has the potential to be at the forefront of Africa’s digital economy.”
“We are set to provide secure tech and an extensive suite of products that solve real payment hurdles,” said Bode Aregbesola, Flutterwave’s SVP for Sales in West Africa.
The bigger picture:
- The announcement follows Flutterwave’s recent expansion into Cameroon.
- The company now operates in over 60% of African countries.
- Its clients include Uber, Netflix, and Air Peace.
- Flutterwave has processed over 890 million transactions worth more than $34 billion globally.
