Flutterwave Secures Payment System License in Zambia, Strengthening Digital Payment Solutions

Flutterwave has taken a major step forward in its African expansion strategy by securing a Payment System License from the Bank of Zambia. This regulatory approval enables the company to operate in Zambia, offering businesses advanced digital payment solutions to facilitate both local and international transactions.

Unlocking Zambia’s Digital Payment Potential

With this license, Zambian businesses can now accept payments through multiple channels, streamline bulk and single payouts, and leverage digital financial tools to scale their operations in the country’s growing digital economy.

Why Zambia? A Market Poised for Growth

While Zambia is known for its breathtaking landscapes and Victoria Falls, it is also emerging as a key player in Africa’s digital revolution. The country’s rising internet penetration (32%) and over 16 million mobile subscriptions are fueling the adoption of digital financial services.

Moreover, with 63% of the population under the age of 25, there is a young, tech-savvy demographic driving demand for seamless and secure digital payments. The digital payments market in Zambia is projected to reach $6.7 billion by 2025, presenting significant opportunities for businesses.

Flutterwave’s Payment Solutions in Zambia

Flutterwave’s entry into Zambia brings a suite of tailored payment solutions designed to support businesses of all sizes, including:

• Payment Collection – Businesses can accept payments from local and international customers via multiple methods, including cards and mobile money.
• Seamless Payouts – Companies can efficiently disburse payments to employees, suppliers, and partners in Zambian Kwacha, ensuring smooth financial operations.
• API Integration – Businesses can integrate Flutterwave’s API into their platforms for secure transactions via Flutterwave Checkout, Direct Charge, WooCommerce, and Shopify.
• Real-Time Dashboard & Reporting – The Flutterwave Dashboard offers businesses transaction monitoring, detailed reporting, and account management.
• Invoicing & Payment Links – Businesses can create professional invoices and generate single or recurring payment links, supporting transactions in over 50 currencies.

Who Can Use Flutterwave in Zambia?

Flutterwave’s services in Zambia are available to registered and pre-approved businesses seeking reliable digital payment solutions.

By expanding into Zambia, Flutterwave is reinforcing its mission to drive digital financial inclusion across Africa, enabling businesses to thrive in an increasingly digital marketplace. This move not only supports economic growth but also empowers businesses with the tools needed to navigate Zambia’s evolving financial landscape.