Financial services unicorn Flutterwave has expanded its services in Cameroon with a suite of digital payment offerings officially licensed by the Central Bank for Central African States.
Flutterwave’s digital payment licence, obtained through a technical partnership with Ecobank, ensures that all services offered in Cameroon are in full compliance with regional regulations.
Flutterwave said it is one of just a few fintechs authorised to operate in the Central African country, and its digital payment services will help businesses in Cameroon securely accept payments, make payouts and manage financial operations.
Local businesses will be able to accept customer payments through popular methods like mobile money, cards and bank transfers without needing to invest in any infrastructure.
“A boutique in Yaoundé can set up a payment link and share it through WhatsApp or Instagram, just like a restaurant in Douala can send digital invoices to customers with built-in payment options, and a logistics business can pay its delivery team and vendors through a single, unified dashboard,” the company said in a statement.
It added that global e-commerce or streaming companies can also use Flutterwave to collect payments from Cameroonian customers in local currencies, manage settlements and issue refunds while remaining compliant with local regulations.
Flutterwave obtained a digital payment licence from the Central Bank for Central African States via a technical partnership with Ecobank. (Source: slon.pics on Freepik)
Olugbenga Agboola, founder and CEO of Flutterwave, believes Cameroon holds a central place in the future of Africa’s digital economy.
“By offering secure, compliant, and accessible payment solutions, we’re creating opportunities for businesses of all sizes, from local merchants to global brands, to grow and thrive. Our presence here is not just about technology; it’s about long-term partnership, trust, and enabling prosperity across Central Africa,” Agboola said in a statement.
Founded in Nigeria in 2016, Flutterwave currently supports payments in 34 African countries and powers transactions for global entities such as Uber and Netflix.
It has processed over 890 million transactions in excess of $34 billion.
Flutterwave reached unicorn status back in 2021, after a Series C funding round pushed its valuation to over $1 billion.
The company is now worth around $3 billion, making it the most valuable fintech company in Africa.
