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Flutterwave Mozambique receives payment aggregator license approval in principle

By Delisha Fernandes

May 31, 2024

  • Bank of Mozambique
  • Cross-Border Transactions
  • FinTech Africa
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Flutterwave, Payment Service Provider, Payment Facilitator, Cross Border Payments, Digital Transformation, International Transfer, Dashen Bank, EgyptFlutterwave, Africa’s payment technology company, has received an approval-in-principle for its payment aggregator license from the Central Bank of Mozambique.

The expansion into Mozambique aligns with our strategic vision to empower local businesses and open doors for global enterprises across all industries by providing them with a secure and convenient payment solution that drives inclusive growth.

Olugbenga Agboola, Founder & CEO at Flutterwave, said, “Helping enterprises navigate the global financial terrain has always been our goal at Flutterwave, which is why I am pleased to announce that we have received approval in principle for our payment aggregator license from the Central Bank of Mozambique, which enables us to offer our payment services within the country. As individuals’ and businesses’ payment needs evolve across the country, we are ready to leverage our technology, extensive industry experience, and comprehensive solution to meet their diverse payment needs. We are grateful to the Central Bank of Mozambique for placing their trust in us and we are looking forward to the journey ahead .”

This license enables Flutterwave to boost economic growth, offer comprehensive payment services, and be a part of allowing development in the Southern African markets.

Flutterwave enables businesses across the world to expand their operations in Africa and other emerging markets through a platform that allows local and cross-border transactions via one Application Programming Interface (API). The company’s key advantage is connecting businesses to various local and international payment types to enable them to expand globally. It also enables cross-border transactions from the diaspora to African countries via its Send App product.

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