Flutterwave, a leading fintech company in Africa, has recently entered the Zambian market with its innovative payment solutions. With mobile money services driving nearly 70% of financial inclusion in Zambia, Flutterwave’s entry is expected to accelerate digital transactions and business growth in the country.
The company’s technology enables secure and affordable payments, allowing businesses to scale operations with greater efficiency. By providing a platform for mobile money collections and payouts, Flutterwave simplifies financial processes and reduces dependence on cash transactions for enterprises in Zambia.
Flutterwave’s presence in Zambia also serves as a vital entry point for international companies looking to expand into the Zambian market. The platform ensures smooth local transactions while supporting businesses aiming for global expansion. With cross-border payment solutions, Flutterwave enables Zambian businesses to easily collect payments from international customers, thereby boosting global business operations.
This expansion into Zambia is part of Flutterwave’s broader goal to improve payment infrastructure across Africa. The company operates in over 30 countries, offering innovative digital payment solutions to businesses and consumers. Prior to entering Zambia, Flutterwave obtained a Payment Service Provider license in Ghana in August 2024, which streamlined payment processes for businesses and customers in the country. Additionally, in June 2024, Flutterwave received approval in principle for a payment aggregator license in Mozambique, expanding its footprint across the continent.
In 2021, Flutterwave partnered with MTN Group to facilitate mobile money payments across multiple African markets, including Zambia. This partnership allowed businesses to accept payments through MTN Mobile Money (MoMo), enhancing the accessibility of digital transactions in the region. As digital payment adoption continues to grow across Africa, Flutterwave’s strategic efforts further solidify its position as a key player in the continent’s fintech revolution, bridging financial gaps and fostering economic inclusion.
Overall, Flutterwave’s entry into the Zambian market is set to revolutionize the way businesses conduct transactions and pave the way for greater financial inclusion in the country. With its innovative payment solutions and commitment to expanding across Africa, Flutterwave is poised to make a significant impact on the fintech industry in Zambia and beyond.
