Flutterwave, a Nigerian fintech company, has recently secured licenses from the Rwandan Central Bank to expand its services in the country. This is a major step forward for the company, as it will allow them to offer a wide range of financial services to customers in Rwanda.
Flutterwave is a payment technology company that provides a secure and reliable platform for businesses and individuals to send and receive payments. The company has been operating in Nigeria since 2016 and has since become one of the leading fintech companies in the country. The company has also expanded its services to other African countries such as Ghana, Kenya, and South Africa.
The new licenses from the Rwandan Central Bank will allow Flutterwave to offer a range of services in the country, including money transfers, payments, and merchant services. This will make it easier for businesses and individuals to make payments and transfer money across borders. The company will also be able to offer its services to customers in Rwanda, which will help to increase financial inclusion in the country.
The move by Flutterwave is part of a larger trend of fintech companies expanding their services across Africa. This is a positive development for the continent as it will help to increase access to financial services, which can help to reduce poverty and improve economic growth.
Overall, Flutterwave’s move to secure licenses from the Rwandan Central Bank is a major step forward for the company and for the continent as a whole. It will help to increase access to financial services in Rwanda and across Africa, which can help to reduce poverty and improve economic growth.
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- Source: Plato Data Intelligence: PlatoAiStream