JUST IN: Nigerian Flutterwave obtains licenses to operate in Egypt

The Nigerian fintech company Flutterwave has received regulatory approval to operate in Egypt payment service provider.Information Guide Nigeria

AFRICA TECH reports that this will allow the company to start collecting and making local and international payments in Egypt.

It will allow Flutterwave to deploy Flutterwave for Business suite of products including store, payment links, invoices, and checkout in the country.

Often cited as the most valuable startup in the region, Flutterwave is one of Africa’s leading fintechs. Flutterwave has been on an expansion drive lately, setting up operations in various markets.NYSC portal

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Flutterwave CEO and founder,  Olugbenga GB Agboola said: “Our vision is to connect all parts of Africa through payments and connect Africa to the world. This way, it is easier for multinationals expanding into Africa to do so. This achievement is yet another step in that direction.”

According to AFRICA TECH, Flutterwave recently entered the Ethiopian market, enabling users to send money to the country via cash pick-up centres.

Also, Ethiopians in Diaspora can send money home and have the receivers pick up the cash in Dashen bank branches, Amole Agents, and Ethiopian postal service offices.

Flutterwave’s Regional Manager, Aalaa Gamal, said, “This is the beginning of other strategic wins in the North Africa and Middle East regions.”

Recall that fintech recently announced a partnership with Multichoice Africa to bring back the popular reality TV show Big Brother Titans.JAMB Result

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