Flutterwave gets in-principle nod to offer payment services in Mozambique

Flutterwave, a payment technology company headquartered in San Francisco and Nigeria, has announced it has received an approval-in-principle for its payment aggregator licence from the Central Bank of Mozambique.

This licence enables the company to “offer its comprehensive payment services within Mozambique and strengthen its operations in southern African markets”, it said in a statement on Wednesday.

“The expansion into Mozambique aligns with Flutterwave’s strategic vision of deploying its infrastructural reach, multiple licences, and network of global partnerships to make doing business in and expanding across Africa seamless for global enterprises from all over the world,” it said.

The statement said enterprise businesses would benefit from Flutterwave’s Africa-wide reach, adding that businesses looking to expand into Mozambique or Mozambican businesses seeking to expand across the continent would leverage its reach to fulfill their dreams.

“We are grateful to the Central Bank of Mozambique for this approval. It comes at the right moment when Mozambique’s digital payment ecosystem is experiencing tremendous growth,” Olugbenga “GB’ Agboola,founder and CEO of Flutterwave, said.

“As individuals’ and businesses’ payment needs evolve across the country, we are ready to leverage our technology, extensive industry experience, and comprehensive solution to meet their diverse payment needs. Our goal is to empower local businesses and open doors for global enterprises across all industries by providing them with a secure and convenient payment solution that drives inclusive growth,” he added.

Flutterwave recently announced an international money transfer licence in Malawi, another East African country, and money transmission licences in 13 states of the United States, according to the statement.