Flutterwave Receives Payment Systems Operator License from Bank of Uganda, Paving Way for Digital Payments Across Africa
Flutterwave, a leading payments technology company, has made significant strides in its African expansion with the acquisition of a Payment Systems Operator (PSO) license from the Bank of Uganda. This major milestone allows Flutterwave to further its operations in the country, joining Ghana and Mozambique as part of its growing list of nations where it offers seamless and secure payment solutions.
The license marks a significant step towards realising Flutterwave’s vision of a financially connected Africa, driven by its CEO, Olugbenga ‘GB’ Agboola. In a statement, Agboola emphasized that the future of Africa lies in its ability to seamlessly connect people, businesses, and economies through technology.
With over 78% of its citizens under the age of 35, Uganda’s digital payment landscape is undergoing a transformation, providing an unprecedented opportunity for enhanced financial inclusion and digital innovation. Flutterwave’s entry into the country is perfectly timed, leveraging its advanced technology and deep understanding of African markets to offer a comprehensive suite of payment solutions tailored to Uganda’s unique needs.
As a result, Flutterwave will offer payout services, invoicing solutions, and mobile money integration, providing convenient and accessible payment options for Ugandans. The PSO license will also streamline fund transfers and payment collections across diverse customer segments and locations, allowing businesses to benefit from efficient, reliable, and tailor-made payment solutions.
Flutterwave’s commitment to regulatory compliance, ensuring its services remain safe, secure, and beneficial to the Ugandan people, demonstrates its dedication to Africa’s growth. Founded in 2016, the company has emerged as a cornerstone of Africa’s digital economy, with a mission to simplify payments for endless possibilities.
With this PSO license, Flutterwave continues to strengthen its position as a leading payment technology service provider in Africa, expanding its footprint across the continent while bridging the gap between Uganda and the global economy.
