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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.”

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