Flutterwave kickstart operation in Zambia

Flutterwave, Africa’s leading payments technology company, has officially secured a Payment System License to operate in Zambia.

The new license positions Flutterwave to deliver affordable and secure mobile money services to enterprises in Zambia, facilitating both local and international trade, while boosting financial inclusion and economic growth.

The potential for Flutterwave in Zambia is substantial, given the country’s increasing internet penetration and reliance on mobile money for everyday transactions. Mobile money adoption contributes almost 70% of Zambia’s financial inclusion rate.

Flutterwave’s mobile money collections and payout services allow Zambian businesses across various industries to streamline transactions, reduce costs, and scale efficiently in both local and global markets.

“Zambia is a market with enormous potential for growth and innovation, so we are excited to bring our payment solutions here” said Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave.

“Our goal is to provide businesses across the entire African region with the tools they need to compete not just locally but globally. Flutterwave’s infrastructure now stretches across the majority of Africa and with our new license in Zambia we are one step closer to achieving our mission.

“At Flutterwave, we believe that by simplifying payments, we can unlock new opportunities for businesses in Zambia and contribute to the country’s broader economic development.”

For international companies looking to expand into Zambia, Flutterwave provides a reliable gateway to the market, enabling seamless local payments and supporting everything from consumer transactions to business-to-business payments.

Similarly, Zambian businesses aiming to access global markets will benefit from Flutterwave’s cross-border payment solutions, which make it easier to collect payments from customers in the diaspora and conduct business on a global scale.