Flutterwave, Africa’s leading payment technology company, today announced that it has obtained a Payment Provider and Payment Facilitator license in Egypt.

The licenses will allow Flutterwave to act as an official payments provider in the country, collect payments on behalf of its customers, and settle payments locally and globally. These licenses will allow Flutterwave to deploy the Flutterwave for the Business suite of products, including store, payment linkage, invoicing and payments in Egypt.

With these licenses, Flutterwave becomes one of the few payment service providers in Egypt capable of global and local payments.

Flutterwave facilitates cross-border transactions in multiple currencies for global businesses, including Uber, and the new license will help the company help international companies enter the Egyptian market or expand their operations in this country. Flutterwave will also be in a strong position to enable Egypt-based businesses to expand internationally, in addition to creating new domestic jobs through empowering local businesses.

“We’re excited to receive the payments services provider and facilitator licenses in Egypt. The licenses will enable us to be the go-to payment processor and digital transformation partner for global settlements in Egypt, which enables our customers to expand quickly within or outside of the country. This, for us, is the beginning of other strategic wins in the North Africa and Middle East regions.”

Aalaa Gamal, Regional Manager, North Africa in Expansion & Partnerships, Egypt.

“We are proud to have been granted the Payment Services Provider and Payment Facilitator licenses in Egypt, which forms part of our international expansion strategy. This is testament to our commitment to provide first-class payment services, seamlessly connecting businesses to their customers. Our vision is to connect all parts of Africa through payments and connect Africa to the world. This way, it is easier for multinationals expanding into Africa to do so. This achievement is yet another step in that direction. ”

Olugbenga GB Agboola, CEO and Founder of Flutterwave.

As part of Flutterwave’s expansion initiative, they have also allowed users to send money to Ethiopia via cash pickup. Ethiopians abroad can send money home and request the recipient to pick up the money at Dashen bank branches, Amole agents and Ethiopia post service offices.