Flutterwave Receives PSP, Payments Facilitator Licenses in Egypt

Nigeria’s leading fintech giant, Flutterwave has received two licenses in Egypt as it moves to deepen payments in Africa and connect the continent to the rest of the world.

The company, in a short note from its Chief Executive Officer (CEO) and Co-founder, Olugbenga GB Agboola, announced that Egypt Government had approved the Payment Services Provider license and Payments Facilitator license for its operations in the North African nation.

He said “I’m so proud to announce that we (Flutterwave) have accomplished a major milestone in our journey as we obtained our Payment Services Provider and Payments Facilitator licenses in Egypt 🇪🇬.

“Our vision is to connect all major parts of Africa through payments and further connect Africa to the world and this new license is yet another step in that direction.

“Truly, this is big news for our customers, partners, investors, and other stakeholders.

“I am excited to see how this new license helps us provide first-class payment services and seamlessly connect businesses to their customers in Egypt 🇪🇬.”

Founded in 2016 with the aim of making it easier for people in Africa to pay and get paid, both locally and globally. Flutterwave’s main products is its payment gateway, which enables businesses to accept payments from customers through a variety of channels, including debit and credit cards, bank transfers, Paypal and mobile money. The payment gateway is secure and reliable, with 24/7 support and dispute resolution services.

Another important product offered by Flutterwave is its Rave platform, which enables businesses to send and receive payments, as well as manage their finances, in a single place. Rave integrates with popular e-commerce platforms and offers a range of features, including invoicing, recurring payments, and currency conversion.

Flutterwave also provides individuals with financial services through its Barter platform. Barter allows users to make payments, transfer money, and pay bills from their mobile devices. The platform is easy to use and supports multiple currencies, making it ideal for people who travel frequently or who need to send money to friends and family abroad.

In addition to its core products, Flutterwave has a range of partnerships and integrations with companies and organizations that provide complementary services, such as e-commerce platforms, payment processors, and financial institutions. This helps to create a seamless experience for users, as well as providing businesses with a range of options to choose from when setting up their payment systems.