In a major move to expand its presence in the Nigerian fintech space, Flutterwave, a leading African payments technology company, has secured two licenses from the Rwandan Central Bank. The licenses will enable Flutterwave to offer its services in Rwanda and other countries in the region.
The two licenses, which were granted by the Rwandan Central Bank, are the Payment Services License and the Electronic Money Issuer License. The Payment Services License will allow Flutterwave to offer payment services such as money transfers, payments, and merchant services. The Electronic Money Issuer License will enable Flutterwave to issue electronic money and provide payment services.
The licenses will enable Flutterwave to provide its services to customers in Rwanda and other countries in the region. This is a major step for the company, as it will allow them to expand their presence in the Nigerian fintech space.
Flutterwave has been making strides in the Nigerian fintech space over the past few years. The company has been providing its services to customers in Nigeria since 2017, and it has since expanded its services to other countries in the region. This latest move is a testament to Flutterwave’s commitment to expanding its presence in the Nigerian fintech space.
The licenses will also allow Flutterwave to offer its services to customers in Rwanda and other countries in the region. This is a major step forward for the company, as it will allow them to expand their presence in the African fintech space.
The move is also a major boost for the Rwandan economy, as it will help to promote financial inclusion in the country. It will also help to create jobs and spur economic growth in the country.
Flutterwave’s move is a major step forward for the Nigerian fintech space, as it will help to promote financial inclusion and spur economic growth in the region. It is also a major boost for the Rwandan economy, as it will help to create jobs and promote financial inclusion in the country.
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- Source: Plato Data Intelligence: PlatoAiStream