Flutterwave, Africa’s payment technology company, announces that it has received approval in principle for its payment aggregator license from the Central Bank of Mozambique. This license enables Flutterwave to offer its comprehensive payment services within Mozambique and strengthen its operations in southern African markets.
Opportunity for Flutterwave
Mozambique boasts a rapidly expanding e-payment ecosystem. Recent reports project that the total value of digital transactions in the country will increase by over 15.28% annually over the next four years, reaching a projected total of over US$9 billion by 2028. This dynamic growth presents a significant opportunity for Flutterwave to contribute to the burgeoning financial landscape of the nation.
The move into Mozambique aligns perfectly with Flutterwave’s strategic vision of leveraging its extensive infrastructure, numerous licenses, and global network of partnerships to facilitate seamless business operations and expansion across Africa for global enterprises. With Flutterwave’s broad reach spanning across Africa, enterprise businesses stand to gain immensely. Whether its Mozambican businesses looking to expand across the continent or international enterprises aiming to enter the Mozambican market, they can tap into Flutterwave’s expansive network to realize their ambitions.
Ready to leverage its technology

Expressing gratitude to the country’s apex bank and sharing insights into plans for Mozambique, Founder and CEO for Flutterwave, Olugbenga “GB’ Agboola says, “We are grateful to the Central Bank of Mozambique for this approval. It comes at the right moment when Mozambique’s digital payment ecosystem is experiencing tremendous growth. As individuals’ and businesses’ payment needs evolve across the country, we are ready to leverage our technology, extensive industry experience, and comprehensive solution to meet their diverse payment needs. Our goal is to empower local businesses and open doors for global enterprises across all industries by providing them with a secure and convenient payment solution that drives inclusive growth.”

Recently, Flutterwave announced an International Money Transfer License in Malawi, the same region as Mozambique, along with Money Transmission Licenses in 13 states of the US.

The post Flutterwave Mozambique’s Payment Aggregator License Approval first appeared on IT News Africa | Business Technology, Telecoms and Startup News.