Last updated May 31, 2024
Flutterwave, Africa’s leading payment technology company, recently announced the approval of its payment aggregator licence in principle by the Central Bank of Mozambique.
A statement by the payment company explained that the licence will enable Flutterwave to offer its comprehensive payment services within Mozambique and strengthen its operations in southern African markets.
Olá Mozambique, are you ready for the Wave?
We’re thrilled to announce that we have recently received an approval in principle for our payment aggregator license from the Central Bank of Mozambique!
The expansion into Mozambique aligns with our strategic vision to make… pic.twitter.com/aTUiGfPq0k
— Flutterwave (@theflutterwave) May 29, 2024
“The expansion into Mozambique aligns with Flutterwave’s strategic vision of deploying its infrastructural reach, multiple licences, and network of global partnerships to make doing business in and expanding across Africa seamless for global enterprises from all over the world,” it said.
Flutterwave recently expanded it’s operation to Malawi, making a strong statement to facilitate the fast-growing financial landscape in southeastern Africa. Mozambique is billed to process over $9 billion in e-payments by 2028, compounding at 15.28 percent year-on-year.
Olugbenga Agboola, founder and chief executive officer of Flutterwave Speaking on the licence approval-in-principle, said, “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.
“Our goal is 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.”
BUSINESSDAY/Chidimma Gold
Source link : https://von.gov.ng/flutterwave-receives-approval-for-operations-in-mozambique/
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Publish date : 2024-05-31 13:26:33
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