Flutterwave expands to North Africa

Flutterwave has received its payment services provider and payment facilitator licenses in Egypt.

Flutterwave, a payment technology company, has announced that it has expanded to North Africa.

The firm received its payment services provider and payment facilitator licenses in Egypt.

This enables Flutterwave to act as an official payment service provider in the country, collect payments on behalf of its customers and settle payments locally and globally.

Also, the firm can deploy Flutterwave for business suite of products including store, payment links, invoices, and checkout in Egypt.

The company becomes one of the few payment service providers in Egypt with both local and global settlement capabilities.

Flutterwave facilitates cross-border transactions in multiple currencies for global companies, including Uber, and the new licenses will help the company support international businesses entering the Egyptian market or growing their operations in the country.

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The payment technology firm will also be in a strong position to empower businesses based in Egypt to expand internationally, in addition to creating new jobs in the country through empowering local businesses.

The firm has also made it possible for users to send money to Ethiopia via cash pickup.

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.

Diana Mutheu