Flutterwave, the Nigerian fintech big, not too long ago mentioned it had obtained two licenses from the Nationwide Financial institution of Rwanda, which permit it to supply its companies to greater than 13 million individuals dwelling and dealing in Rwanda. Based on Flutterwave’s consultant within the nation, the 2 licenses make it potential for her firm “to offer protected, safe and seamless cost companies for people and companies in Rwanda.”
Serving to People and Companies in Rwanda
The Nigerian fintech big Flutterwave announced on March 15 that it has secured two extra licenses in Rwanda, that can assist it develop its operations in East Africa. The licenses — referred to as the digital cash issuer and remittance licenses — have been issued by the Nationwide Financial institution of Rwanda. They allow the fintech agency to supply its companies to greater than 13 million individuals dwelling and dealing in Rwanda.
Based on a press release launched by the fintech, possessing the 2 licenses additionally permits Flutterwave to deploy its vary of merchandise that embody cross-border cash switch options. Merchandise together with Flutterwave’s retailer, cost hyperlinks, invoices, and checkout can even grow to be obtainable to people and companies in Rwanda.
Commenting on the information, Olugbenga Agboola, the founder and CEO at Flutterwave, mentioned the granting of the licenses reveals the fintech’s dedication to its imaginative and prescient of linking Africa by funds. The CEO additionally defined why Rwanda is a vital 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 necessary 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 potential for her firm “to offer protected, safe and seamless cost companies for people and companies in Rwanda.”
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