Flutterwave has officially expanded into Zambia after securing a Payment System License from the Bank of Zambia, allowing businesses in the country to leverage its digital payment solutions for seamless local and international transactions. With mobile money services driving nearly 70% of Zambia’s financial inclusion, Flutterwave’s entry is expected to accelerate digital transactions, streamline financial processes, and reduce reliance on cash-based payments.
As a leading fintech company in Africa, Flutterwave’s presence in Zambia provides an essential gateway for international businesses looking to enter the market while also supporting local enterprises in their global expansion efforts. Its cross-border payment solutions enable Zambian businesses to efficiently collect payments from customers abroad, fostering international trade and business growth.
Flutterwave’s expansion aligns with its broader strategy to enhance payment infrastructure across Africa. The company currently operates in over 30 countries and has secured key licenses, including a Payment Service Provider license in Ghana and approval in principle for a payment aggregator license in Mozambique. Additionally, its 2021 partnership with MTN Group facilitated mobile money transactions across various African markets, including Zambia, further boosting digital payment accessibility.
As Africa’s digital economy continues to grow, Flutterwave’s strategic moves reinforce its position as a major fintech player, bridging financial gaps and driving economic inclusion.
Read the full news here: Tech in Africa