Olugbenga “GB” Agboola, the Founder and CEO of Flutterwave, stated that the achievement of effective and interoperable cross-border payments is vital for unlocking new opportunities for economic advancement in Africa.
This assertion was made during an interview conducted by Kristen Scholer of the New York Stock Exchange at the recent Money20/20 Europe, which brings together global payment industry participants.
Flutterwave offers a consolidated API that enables cross-border payments for major international brands, such as Uber, important payment service providers, and local African firms like Bamboo and Wakanow across the continent and globally.
As a result, Flutterwave has emerged as a key player in tackling Africa’s significant payment issues, particularly the challenges posed by the lack of interoperability among national payment systems.
Agboola remarked, “While nearly every African nation has developed advanced local payment systems today, these systems fail to communicate with one another. Flutterwave addresses this issue. ” He added, “We assist global firms in expanding their presence in Africa while enabling Africans to conduct transactions throughout the continent and beyond. ”
The remarkable growth prospects of Africa have already gained international attention, positioning the region as the next global economic frontier.
The African Development Bank notes that by the year 2025, twelve of the twenty fastest-growing economies will be found in Africa, with a projected average real GDP growth rate of 4.4% for 2026.
For Olugbenga “GB” Agboola, this situation indicates that the need for dependable, scalable, and interoperable payment solutions will increase significantly.
Flutterwave is strategically positioned to meet this demand, establishing itself as “the leading platform for payments in Africa. ” The company has experienced rapid growth and is intensifying its focus on profitability through solutions for enterprise expansion and diaspora remittances.
In addition to facilitating commercial transactions, Flutterwave’s platform supports day-to-day payments for vital services, such as healthcare and education.
“Our ambition is to create a platform that is systemically important for the continent. We aim to ensure that payments are straightforward, scalable, and accessible to every African,” stated the Founder and CEO of Flutterwave.
