Flutterwave, Africa’s leading payments technology company, has secured approval from the Bank of Ghana to provide inward remittance services in the country.
This milestone reinforces Flutterwave’s commitment to enhancing financial accessibility and efficiency across the continent.
Ghana’s financial sector continues to grow rapidly, with mobile money at the forefront of digital transactions. Mobile payments account for 60% of foreign exchange inflows, underscoring the significance of fintech-driven financial services. Additionally, emerging sectors like InsurTech, LendTech, and Buy Now, Pay Later (BNPL) are reshaping how financial products are accessed and utilized.
The Bank of Ghana’s regulatory framework and the Ghana Digital Agenda have created a conducive environment for fintech companies to introduce innovative services with confidence.
With this latest approval, Flutterwave is set to provide Ghanaians with faster, more secure, and cost-effective ways to receive money from abroad.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, described this development as a crucial step toward simplifying cross-border payments across Africa. He emphasized the importance of remittances to Ghana’s economy and reaffirmed Flutterwave’s mission to make international money transfers seamless for the diaspora.
Oluwabankole Falade, Chief Regulatory and Government Affairs Officer at Flutterwave, highlighted the company’s commitment to regulatory compliance and customer-focused financial solutions. He also expressed gratitude to the Bank of Ghana for its support and shared Flutterwave’s vision for further expanding its services in the country.
With this approval, Flutterwave strengthens its position as a key player in Ghana’s digital payments landscape, empowering individuals and businesses with more efficient and reliable remittance options.
