Flutterwave has secured approval to operate as a licensed payment service provider in Cameroon as it strives to build Africa’s most extensive digital payments network.
The fintech received the authorisation from Cameroon’s National Payment Systems Department, which enables it to offer a full range of digital payment solutions to businesses and individuals in Central Africa.
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This development strengthens Flutterwave’s growing presence across Africa as the company has secured regulatory milestones, including a Payment System licence from the Bank of Zambia, an Enhanced Payment Service Provider licence in Ghana, and a Payment Systems Operator licence from the Bank of Uganda.
Olugbenga Agboola, founder and chief executive officer of Flutterwave, said, “Cameroon’s dynamic economy and growing digital adoption make it a strategic market for the company’s long-term growth.
“Cameroon holds a central place in the future of Africa’s digital economy, and we’re proud to play a part in unlocking its potential.”
The approval in Cameroon reflects Flutterwave’s broader regulatory strategy as it works to overcome past challenges in markets like Kenya, where authorities raised concerns over licensing and compliance. The company appears to be doubling down on securing country-specific approvals to build trust with regulators, businesses, and consumers.
Since its launch in 2016, Flutterwave has expanded operations to over 30 African countries, providing payment infrastructure for businesses of all sizes. The company’s platform powers payments for global merchants, including Uber, Microsoft, and Booking.com, while enabling small businesses to transact across borders.
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With this new license, Flutterwave is poised to deepen financial inclusion and facilitate seamless transactions for merchants and consumers in Cameroon. It also represents a critical step in its mission to unify Africa’s fragmented payments landscape.
