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Grace Ashiru
With nearly 70% of Zambia’s financial inclusion driven by mobile money services, Flutterwave’s entry into the market is expected to accelerate both digital transactions and business growth. The company’s technology enables secure and affordable payments, allowing businesses to scale operations with greater efficiency. Enterprises can now use Flutterwave’s platform for mobile money collections and payouts, simplifying financial processes and reducing dependence on cash transactions.
As a well-established leader in Africa’s fintech industry, Flutterwave’s presence in Zambia serves as a crucial 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. By offering cross-border payment solutions, Flutterwave allows Zambian businesses to easily collect payments from international customers, boosting global business operations.
Flutterwave’s expansion into Zambia is part of its broader goal to improve payment infrastructure across Africa. The company operates in over 30 countries, providing innovative digital payment solutions to both businesses and consumers. Prior to entering Zambia, Flutterwave obtained a Payment Service Provider license in Ghana in August 2024, which enabled independent operations and streamlined payment processes for businesses and customers there. Furthermore, in June 2024, the company 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 enabled 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 reinforce its position as a key player in the continent’s fintech revolution, bridging financial gaps and fostering economic inclusion.
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