Flutterwave adds another key market in its African expansion plan
The fintech is moving deeper into Francophone Africa as competition heats up.
In the race to become one of Africa’s biggest fintechs, the payment provider Flutterwave is steadily claiming new ground, this time, in Cameroon.
The Nigerian-born company just secured a key licence from Cameroon’s National Payment Systems Department, giving it official approval to operate as a digital payment provider in the country. This represents a foothold in Central Africa and a significant step in Flutterwave’s push to dominate the continent’s digital economy.
While competitors like Paystack, Chipper Cash, and Interswitch focus on Anglophone markets or specific use cases, Flutterwave’s strategy seems to be aggressive and wide-reaching: build infrastructure, collect licences, and go wherever digital payments are heating up. And Cameroon, underserved yet full of mobile-first users, is exactly that.
According to Flutterwave, this authorisation enables it to offer a full range of digital payment services to individuals and businesses in the region, adding another key market to its 30-country footprint. This latest approval comes on the heels of similar regulatory wins in Ghana, Zambia, and Uganda, all pointing to a deliberate effort to cement Flutterwave’s presence across Africa.
The licence also builds on an existing partnership with telecoms giant MTN. Through MTN MoMo, Flutterwave merchants in Cameroon have already begun accepting mobile money payments. This new licence strengthens that collaboration and allows for broader service integration going forward.
CEO Olugbenga “GB” Agboola described the move as “central to the future of Africa’s digital economy,” calling Cameroon a strategic hub for long-term growth. Flutterwave claims to serve over 1 million businesses and has processed more than 400 million transactions valued at over $25 billion to date.
As digital adoption grows across the continent, especially in mobile-first economies, Flutterwave’s goal of being the go-to infrastructure for payments in Africa is looking more within reach. The competition remains fierce, but with strategic moves like this, it’s clear Flutterwave isn’t just playing to grow, it’s playing to lead.
Wisdom Okogho
