Fun

Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank

News Feed - 2023-03-19 10:03:15

Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank


Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses make it possible for her company “to provide safe, secure and seamless payment services for individuals and businesses in Rwanda.” Helping Individuals and Businesses in Rwanda


The Nigerian fintech giant Flutterwave announced on March 15 that it has secured two additional licenses in Rwanda, that will help it expand its operations in East Africa. The licenses — known as the electronic money issuer and remittance licenses — were issued by the National Bank of Rwanda. They enable the fintech firm to offer its services to more than 13 million people living and working in Rwanda.


According to a statement released by the fintech, possessing the two licenses also allows Flutterwave to deploy its range of products that include cross-border money transfer solutions. Products including Flutterwave’s store, payment links, invoices, and checkout will also become available to individuals and businesses in Rwanda.




Commenting on the news, Olugbenga Agboola, the founder and CEO at Flutterwave, said the granting of the licenses shows the fintech’s commitment to its vision of linking Africa through payments. The CEO also explained why Rwanda is an important market for Flutterwave. He said:


“As a country well known for fostering innovation and promoting the use of digital technology, Rwanda has always been important to our expansion plans in East Africa. We are delighted for the vote of confidence in being granted these licenses,” Agboola said.


Leah Uwihoreye, the fintech’s East Africa Regional Lead, said the two licenses make it possible for her company “to provide safe, secure and seamless payment services for individuals and businesses in Rwanda.” Tags in this story Fintech, Flutterwave, Innovation, Leah Uwihoreye, National Bank of Rwanda, Olugbenga Agboola, remittances


What are your thoughts on this story? Let us know what you think in the comments section below. Terence Zimwara


Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route. Africa-Focused Fintech Chipper Cash Weighs Possible Sale of Business FINTECH | 2 days ago Study Shows QR and Digital Payments Continue Gaining Ground in Argentina FINTECH | 6 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBurry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review Next articleBitcoin’s Ordinal Inscriptions Surpass 500,000 Mark as Miners Earn $2.66 Million in Added Fees Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand"


Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Tom Mitchelhill8 hours agoEthereum futures ETFs garner lukewarm reception on first day of tradingDay one trading volume across all nine products stood at less than $2 million.2798 Total views15 Total sharesListen to arti
Derek Andersen2 hours agoDigital rupee gets big usability boost through Yes Bank integration with UPIThe Yes Bank app’s UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects sinc
Report: Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT Market
Report: Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT Market Fanatics, the retailer specializing in licensed sports merchandise, is divesting 60% of its stake in
CME’s Bitcoin Friday Futures launch with 31K contracts on day one
Ana Paula Pereira5 hours agoCME’s Bitcoin Friday Futures launch with 31K contracts on day oneCME’s new derivatives product allows market participants to hedge or speculate on Bitcoin price movements in the short term
Best Meme Coins to Buy as Whale Activity Suggests Changing Tides – From $BTC to Tokens Like $MELANIA
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows
US Real Estate in Jeopardy - Analysts Predict Housing Market Crash to 29-Year Lows As the coronavirus outbreak ravages the global economy, a number of industries are taking a bit
SEC Probes Binance — BNB Could Be Unregistered Security: Report
SEC Probes Binance — BNB Could Be Unregistered Security: Report The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Binance’s BNB token, which co
WATCH: Where Is the Crypto Market Headed Next Week?
Arca Chief Investment Officer Jeff Dorman joined CoinDesk’s Brad Keoun on Thursday, Oct. 24, to talk about the current downward trend in crypto pricing and why things may be looking up. (On Friday, bitcoin’
Ripple Extends Banking Network With Finastra Partnership
Payment network Ripple announced Wednesday its collaboration with fintech firm Finastra. Using Ripple’s blockchain-based platform, Finastra users can now connect with the
Apple Censors Some Cryptocurrency and Defi Features of Coinbase App
Apple Censors Some Cryptocurrency and Defi Features of Coinbase AppApple Inc. has censored some cryptocurrency features of the Coinbase app. Specifically, Apple has blocked Coinbase
Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Tuesday, Following 8-Month High
Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Tuesday, Following 8-Month High Bitcoin retreated from earlier highs during Tuesday’s session, as sentiment shifted
Harris campaign is making a ‘concerted effort’ on crypto — Circle CEO
Turner Wright8 hours agoHarris campaign is making a ‘concerted effort’ on crypto — Circle CEOJeremy Allaire discussed his impressions of Harris campaign representatives on crypto after attending a video call with i