Flutterwave, a leading African fintech company, has obtained a Payment System licence from the Bank of Zambia, marking its entry into the Zambian market.
This licence enables local businesses to leverage Flutterwave’s payment solutions for seamless local and international transactions.
With mobile money services driving nearly 70% of Zambia’s financial inclusion, Flutterwave’s presence is expected to accelerate digital transactions and business growth. The company’s technology facilitates secure, cost-effective payments, empowering enterprises to scale operations efficiently.
Flutterwave’s platform enables businesses to utilize mobile money collections and payouts, streamlining financial processes and reducing dependency on cash-based transactions.
As a gateway for international companies looking to enter the Zambian market, Flutterwave’s presence provides a crucial link for cross-border payment solutions.
This expansion into Zambia is part of Flutterwave’s broader strategy to strengthen its presence across Africa, where it now operates in over 30 countries. The company has recently secured licences in Ghana and Mozambique, further broadening its reach within the continent.
As digital payment adoption continues to grow in Africa, Flutterwave’s strategic moves reinforce its position as a key player in the continent’s fintech revolution, bridging financial gaps and fostering economic inclusion.
