Flutterwave, the Nigerian fintech large, not too long ago mentioned it had obtained two licenses from the Nationwide Financial institution of Rwanda, which permit it to supply its providers to greater than 13 million individuals residing and dealing in Rwanda. In response to Flutterwave’s consultant within the nation, the 2 licenses make it doable for her firm “to supply protected, safe and seamless fee providers for people and companies in Rwanda.”
Serving to People and Companies in Rwanda
The Nigerian fintech large Flutterwave introduced on March 15 that it has secured two extra licenses in Rwanda, that may assist it increase its operations in East Africa. The licenses — referred to as the digital cash issuer and remittance licenses — had been issued by the Nationwide Financial institution of Rwanda. They permit the fintech agency to supply its providers to greater than 13 million individuals residing and dealing in Rwanda.
In response to an announcement launched by the fintech, possessing the 2 licenses additionally permits Flutterwave to deploy its vary of merchandise that embrace cross-border cash switch options. Merchandise together with Flutterwave’s retailer, fee hyperlinks, invoices, and checkout may even develop into out there to people and companies in Rwanda.
Commenting on the information, Olugbenga Agboola, the founder and CEO at Flutterwave, mentioned the granting of the licenses exhibits the fintech’s dedication to its imaginative and prescient of linking Africa by way of funds. The CEO additionally defined why Rwanda is a crucial marketplace for Flutterwave. He mentioned:
“As a rustic well-known for fostering innovation and selling the usage of digital know-how, Rwanda has all the time been vital to our growth plans in East Africa. We’re delighted for the vote of confidence in being granted these licenses,” Agboola mentioned.
Leah Uwihoreye, the fintech’s East Africa Regional Lead, mentioned the 2 licenses make it doable for her firm “to supply protected, safe and seamless fee providers for people and companies in Rwanda.”
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