Sunday, July 5, 2026

Cross-border payment, infrastructure necessary tools for Africa’s economic growth: Flutterwave CEO

According to him, Africa’s growth and potential increasingly position the continent as the world’s next economic frontier.

• August 4, 2025
Olugbenga Agboola
Olugbenga Agboola [Credit; Daily Post Nigeria]

The founder of Flutterwave, Olugbenga Agboola, has stressed the need for a seamless financial interaction and infrastructure among African countries, describing it as cardinal in the continent’s next phase of economic growth.

Mr Agboola’s remark was featured in a spotlight interview during Money20/20 Europe conference, recently convened for global payment stakeholders.

He explained that his initiative, Flutterwave, a financial technology company, has continued to make payment infrastructure among African and global businesses possible and efficient.

He noted that Africa’s growth and potential increasingly position the continent as the world’s next economic frontier.

Mr Agboola stated, “Almost every African country has advanced local payment systems today, but they don’t talk to each other. We help global companies scale in Africa, and we help Africans transact anywhere on the continent and beyond.”

An earlier forecast by the African Development Bank, in its 2025 Macroeconomic Performance and Outlook report, had stated that 12 out of the world’s 20 fastest-growing economies are projected to be from Africa.

Addressing the rising demand for reliable, interoperable, and scalable payment solutions, he assured the outfit’s readiness to meet the general public’s needs, while growing deeper and wider in impact.

According to Mr Agboola, Flutterwave has expanded rapidly and doubled its profitability by focusing on business growth and diaspora remittance solutions, enabling widespread money transfers.

He added, “We are building a systemically important platform for the continent. Our goal is to make payments easy, scalable, and accessible for every African.”

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Emeka Iroegbu

Diaspora

Diaspora group condemns alleged killing of two Nigerians in South Africa, demands justice

NUSA said it has commenced engagement with the police to ensure that a thorough investigation is conducted and that justice prevails.

Taraba chief judge Joel Agya

States

Taraba chief judge lauds Tinubu’s move to establish state police

The chief judge said the issue of state police was crucial given the spate of criminality in the country.

Abiodun Oyebanji

States

Ekiti govt orders free treatment for rescued worshippers

Oyebanji directed the Ministry of Health and Human Services to oversee the welfare and well-being of the rescued worshippers.

Oyo abducted pupils and teachers.

States

Rescue operation ongoing for abducted Oyo pupils, teachers: Army chief

The victims were abducted on May 15 from three schools in the Orire Local Government Area of Oyo.

Gov. Radda vows zero tolerance for gender, child abuse

States

Gov. Radda vows zero tolerance for gender, child abuse

The governor pledged sustained collaboration with relevant stakeholders to strengthen prevention, response, and support mechanisms for GBV victims.

Xenophobia Attacks

Diaspora

Consulate demands justice as another Nigerian killed in South Africa

The consulate called on the South African government to launch an investigation into all alleged murder cases and prosecute perpetrators.