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

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

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

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

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.”

States
Army seeks traditional rulers’ intervention to tackle crime in Plateau
The commander assured the monarch of a comprehensive assessment of the challenges.

States
Police arrest two suspects over drug supply, rescue 17 minors in Bauchi
Mr Habib said police operatives conducted a search and recovered 12 packs of rubber solution from the suspects.

States
South-East commission delivers relief materials to Abia flood victims
Mr Ogbede said the donation also included diapers for children and sanitary pads for mothers affected by the flooding.

States
Niger: Woman allegedly poisons co-wife’s children over inability to bear child
The police arrested a woman for allegedly poisoning her co-wife’s children in Takuti village, Lapai Local Government Area.

Politics
Tinubu lists economy, education, healthcare as priorities if re-elected
Mr Tinubu commended Mr Wike and the people of Rivers for massively expressing their resolve to support his re-election bid.

Politics
While laying foundation for university in 1993, Tinubu was forfeiting $460,000 drug proceeds in U.S.: Atiku
Mr Abubakar dismissed Mr Tinubu’s latest attack on his investment in education as a desperate attempt to distract Nigerians from his administration’s failure.





