{"id":18907,"date":"2023-03-19T13:38:44","date_gmt":"2023-03-19T13:38:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nigerian-fintech-flutterwave-obtains-two-licenses-from-rwandan-central-bank-fintech-bitcoin-news\/"},"modified":"2023-03-19T13:38:44","modified_gmt":"2023-03-19T13:38:44","slug":"nigerian-fintech-flutterwave-obtains-two-licenses-from-rwandan-central-bank-fintech-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nigerian-fintech-flutterwave-obtains-two-licenses-from-rwandan-central-bank-fintech-bitcoin-news\/","title":{"rendered":"Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank \u2013 Fintech Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave\u2019s representative in the country, the two licenses make it possible for her company \u201cto provide safe, secure and seamless payment services for individuals and businesses in Rwanda.\u201d<\/strong><\/p>\n

Helping Individuals and Businesses in Rwanda<\/h2>\n

The Nigerian fintech giant Flutterwave announced<\/a> on March 15 that it has secured two additional licenses in Rwanda, that will help it expand its operations in East Africa. The licenses \u2014 known as the electronic money issuer and remittance licenses \u2014 were issued by the National Bank of Rwanda. They enable the fintech firm to offer its services to more than 13 million people living and working in Rwanda.<\/p>\n

According to a statement released by the fintech, possessing the two licenses also allows Flutterwave to deploy its range of products that include cross-border money transfer solutions. Products including Flutterwave\u2019s store, payment links, invoices, and checkout will also become available to individuals and businesses in Rwanda.<\/p>\n

Commenting on the news, Olugbenga Agboola, the founder and CEO at Flutterwave, said the granting of the licenses shows the fintech\u2019s commitment to its vision of linking Africa through payments. The CEO also explained why Rwanda is an important market for Flutterwave. He said:<\/p>\n

\u201cAs a country well known for fostering innovation and promoting the use of digital technology, Rwanda has always been important to our expansion plans in East Africa. We are delighted for the vote of confidence in being granted these licenses,\u201d Agboola said.<\/p>\n

Leah Uwihoreye, the fintech\u2019s East Africa Regional Lead, said the two licenses make it possible for her company \u201cto provide safe, secure and seamless payment services for individuals and businesses in Rwanda.\u201d<\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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