Flutterwave secures PSO licence from the Bank of Uganda
Fast forwarding from the days of the Flutterwave scandal, the company is all set to roar in Uganda by securing a Payment Systems Operator (PSO) license from the Bank of Uganda.
Focusing more on expanding its services, Flutterwave expressed its ambitions by sharing that:
“We are excited about the opportunity to offer our payment solutions to Ugandan businesses and to help global enterprises expand into the country,”
This great news for the African fintech player comes after the company successfully recovered its grounding from 2023’s Flutterwave scandal in Kenya by winning the case and recovering the brand image entirely.
Now with a PSO license, the company offers various fintech services such as invoicing, sending and receiving regular business payments, payment through links, and API solutions for developers to develop on top of Flutterwave’s financial services.
To your surprise, Flutterwave already has a payment service provider license from the Bank of Ghana and a payment aggregator license from the Bank of Mozambique, enabling the company to operate independently in Ghana and Mozambique.
So now, Flutterwave is available in these countries:
For money transfers:
- Nigeria
- United States
- United Kingdom
- Canada
- Ghana
- Kenya
- Uganda
- Tanzania
- South Africa
- Zambia
- Cameroon
- Ivory Coast
- Sierra Leone
- Burkina Faso
- Guinea-Bissau
- Mali
- Senegal
- Rwanda
- Tunisia
- Guinea Conakry
For payment methods:
- Nigeria
- Ghana
- Kenya
- South Africa
- Uganda
- Tanzania
- UK
- America
- Europe
For payment channels
- Nigeria
- Ghana
- Kenya
- South Africa
- Uganda
- Tanzania
- UK
- America
- Europe
Mostly the services are the same in every country where Flutterwave is available but there are slightly different models to comply with local laws and regulations.
So, now Ugandan people can use Flutterwave's financial services and stay more secure while using their money as Flutterwave's founder and CEO, Olugbenga ‘GB’ Agboola highlighted this achievement by expressing his desire to make a financially connected Africa and no doubt that he's a visionary CEO to make this happen.
