Flutterwave, a payments technology company in Africa, has received approval from the Bank of Ghana to offer inward remittance services in the country.
This milestone reinforces Flutterwave’s commitment to making payments more accessible and efficient across the continent.
Ghana’s financial sector is seeing strong growth, with mobile money playing a central role in how people send and receive funds.
Mobile transactions account for 60% of foreign exchange inflows, highlighting the importance of digital financial services. Beyond mobile money, industries such as InsurTech, LendTech, and Buy Now, Pay Later (BNPL) are expanding, reflecting a shift in how financial services are delivered and consumed.
The Bank of Ghana’s regulatory framework and the Ghana Digital Agenda have contributed to an environment where fintech companies can introduce new services with confidence.
With this latest approval, Flutterwave is set to provide Ghanaians with faster, more secure, and cost-effective ways to receive funds from abroad.
According to Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, this development marks a significant step in simplifying payments across Africa.
He emphasized that remittances play a major role in Ghana’s economy, and Flutterwave’s goal is to make it easier for people in the diaspora to send money home seamlessly.
Oluwabankole Falade, Chief Regulatory and Government Affairs Officer at Flutterwave, highlighted the company’s dedication to meeting regulatory standards while delivering reliable payment solutions tailored to Ghana’s needs.
He expressed appreciation for the support from the Bank of Ghana and shared the company’s vision of further expanding its services in the country.
With this approval, Flutterwave strengthens its position as a trusted partner in Ghana’s digital payments space, providing individuals and businesses with more options for receiving funds efficiently.
Don’t miss important articles during the week. Subscribe to techbuild.africa weekly digest for updates.
