Flutterwave expands reach in southern Africa with Mozambique Payment License Approval

Flutterwave expands reach in southern Africa with Mozambique Payment License Approval

Flutterwave, Africa's leading payment technology company, has received an approval-in-principle for its payment aggregator license from Mozambique's Central Bank. This move allows Flutterwave to offer its full suite of payment solutions within Mozambique, strengthening its presence in southern Africa. Mozambique boasts a rapidly growing e-payment sector. Experts predict the country's digital transaction value to surge by over 15% annually for the next four years, reaching a projected total of over US$9 billion by 2028. This dynamic growth presents a significant opportunity for Flutterwave to contribute to Mozambique's flourishing financial landscape. The expansion aligns with Flutterwave's strategy of leveraging its infrastructure, licenses, and global partnerships to simplify cross-border commerce in Africa for international businesses . Companies of all sizes will benefit from Flutterwave's extensive network across the continent. "We are thankful to the Cent…

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Founded Mainwave Digital Media, Temmy Samuel is a financial advisor and journalist, blending financial expertise with storytelling skills to simplify complex financial topics for readers and clients alike. Learn More About Temmy Samuel

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