Flutterwave CEO bets on stablecoins as Africa’s next financial leap

At high-profile events in Riyadh, namely Money 20/20 Middle East and the two-day summit Fluidity 2025, Flutterwave Founder and CEO Olugbenga “GB” Agboola highlighted the company’s shift toward supporting stablecoin payments for individuals and enterprises.
This strategy underscores that Flutterwave is not merely betting on stablecoins but is actively building partnerships for a future where they serve as the backbone of the ongoing financial transformation across Africa and beyond.
Agboola linked this vision directly to the continent’s demographic during his presentation, “Youth, Mobile & Money: Africa’s Billion-Dollar Fintech Opportunity.” He highlighted the critical role of Africa’s young population in shaping global financial trends. “Africa’s youth are early adopters, digital natives, and entrepreneurial by nature,” he said.
Mr Agboola carried this theme into speaking engagements, which featured a panel on public-private partnerships with Mr Kashifu Inuwa Abdullahi, Director General of the National Information Technology Development Agency, and a session on accelerating trade flow between the Gulf Cooperation Council (GCC) and Africa.
Throughout these appearances, the Flutterwave CEO maintained a consistent message: Africa’s youth demographic is a dividend that requires proactive support from all stakeholders. He argued that the continent’s economic growth is directly tied to the success of its young population. To illustrate this, Agboola drew a direct link between the over $1 trillion mobile money transaction value boom led by African youth in 2024 and the current surge in stablecoin transaction adoption across the continent.
Nigeria’s youth are at the forefront of this trend, with South Africa, Ethiopia, and Kenya following closely behind., This position stablecoin adoption as the logical next step in the evolution of payments in Africa. In response, Africa’s leading payment technology company, Flutterwave, is building “Africa’s largest infrastructure for tomorrow’s money,” Agboola said.
This vision includes new integrations previewed in Riyadh for the Flutterwave Dashboard, facilitating cross-border business payments, and the Send App by Flutterwave, streamlining remittances. The company is also forging new local and global partnerships, building on its existing inaugural design membership of Circle Payments Network for USDC and its partnership with Global Remit for stablecoin conversion.
Mr Agboola’s participation in a roundtable on the G20 Cross-Border Payments Targets and a panel session, moderated by Nicole Valentine, FinTech Director at the Milken Institute, further reinforced Flutterwave’s commitment to advocating for technologies and policies that promote equitable access and empower individuals, communities, and businesses.
For Flutterwave, the next phase of fintech in Africa will be to enable businesses and consumers to transact stablecoins seamlessly. This vision aims to reduce friction for entrepreneurs, power cross-border payments, and secure remittances for a new generation.
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
Group urges FG, stakeholders to end child marriage
Mrs Adeniyi-Fashola identified awareness as key tool towards curbing child marriage.

States
2027: INEC urges security agencies to protect electoral officers, materials
The REC, therefore, reassured stakeholders that the upcoming election results would be determined solely by the votes of the masses.

States
NSCDC nabs suspected cable vandals in Ilorin
The NSCDC said efforts were ongoing to apprehend other persons suspected to be involved in the activities.

NationWide
Flutterwave CEO joins OpenAI, NVIDIA, Microsoft, AMD-led advisory board in Silicon Valley
Mr Agboola’s appointment reflects his growing role in international discussions around technology, economic policy, and governance.

States
NCoS inaugurates Katsina Parole Board to strengthen non-custodial justice
Mr Umar-Fage commended the NCoS for the initiative.

States
AG orders probe into electricity cables theft in Ondo LG
Mr Ajulo described the incident as disturbing.





