Mozambique: Flutterwave Secures Payment Aggregator License Approval in Mozambique

Flutterwave, Africa’s leading fintech company, has announced that it has received an approval-in-principle for its payment aggregator license from the Central Bank of Mozambique. This significant milestone allows Flutterwave to expand its comprehensive payment services within Mozambique and strengthen its presence in southern African markets.

This expansion aligns with Flutterwave’s strategic vision to leverage its infrastructural capabilities, multiple licenses, and global partnerships to facilitate seamless business operations and expansion across Africa for enterprises worldwide.

With the payment aggregator license, Flutterwave can offer a broad range of payment solutions, including processing payments for e-commerce, remittances, and other financial services. This will enhance the convenience of digital payments in Mozambique and support the growth of the digital economy.

Olugbenga “GB” Agboola, Founder and CEO of Flutterwave, expressed his gratitude, stating, “We are grateful to the Central Bank of Mozambique for this approval. It comes at a crucial time when Mozambique’s digital payment ecosystem is experiencing significant growth. As the payment needs of individuals and businesses evolve across the country, we are prepared to leverage our technology, extensive industry experience, and comprehensive solutions to meet these diverse needs. Our goal is to empower local businesses and open doors for global enterprises across all industries by providing them with secure and convenient payment solutions that drive inclusive growth.”