Flutterwave CEO Olugbenga Agboola recently highlighted the company’s shift towards supporting stablecoin payments at high-profile events in Riyadh, including Money 20/20 Middle East and the Fluidity 2025 summit. This strategy underscores Flutterwave’s efforts to build partnerships for a future where stablecoins serve as the backbone of financial transformation across Africa and beyond.
Agboola emphasized the critical role of Africa’s young population in shaping global financial trends during his presentation, “Youth, Mobile & Money: Africa’s Billion-Dollar Fintech Opportunity.” He noted that Africa’s youth are early adopters, digital natives, and entrepreneurial by nature, driving the continent’s economic growth. The CEO argued that proactive support from stakeholders is necessary to harness the potential of this demographic dividend.
The link between Africa’s youth demographic and the surge in stablecoin adoption was illustrated by Agboola, who cited the over $1 trillion mobile money transaction value boom led by African youth in 2024. He noted that Nigeria’s youth are at the forefront of this trend, followed by South Africa, Ethiopia, and Kenya. This positions stablecoin adoption as a logical next step in the evolution of payments in Africa.
In response, Flutterwave is building “Africa’s largest infrastructure for tomorrow’s money,” according to Agboola. The company is introducing new integrations to its dashboard, facilitating cross-border business payments, and streamlining remittances through the Send App. Flutterwave is also forging new local and global partnerships, including its inaugural design membership of Circle Payments Network for USDC and its partnership with Global Remit for stablecoin conversion.
Agboola’s participation in a roundtable on the G20 Cross-Border Payments Targets and a panel session reinforced Flutterwave’s commitment to advocating for technologies and policies that promote equitable access and empowerment. The company’s vision for the next phase of fintech in Africa involves enabling seamless stablecoin transactions for businesses and consumers, reducing friction for entrepreneurs, and securing remittances for a new generation.
By supporting stablecoin payments and building partnerships, Flutterwave aims to play a key role in shaping the future of financial transactions in Africa. The company’s efforts to promote equitable access and empowerment are expected to have a significant impact on the continent’s economic growth and development. As the demand for stablecoin adoption continues to grow, Flutterwave is well-positioned to drive innovation and growth in Africa’s fintech sector.
