Flutterwave Launches Licensed Digital Payment Services in Cameroon

Flutterwave, one of Africa’s leading fintech companies, has officially launched its digital payment services in Cameroon, securing a major license from the Central Bank of Central African States (BEAC). The move, enabled through a technical partnership with Ecobank, positions Flutterwave to offer secure, compliant, and scalable payment solutions tailored to local needs. This marks a significant milestone in Flutterwave’s broader strategy to deepen its footprint across Africa, particularly in underrepresented Francophone markets.

A License That Unlocks Opportunities

The payment service provider license, issued by Cameroon’s National Payment Systems Department, grants Flutterwave full regulatory clearance to operate in the country. This means businesses across Cameroon—from street vendors to multinational corporations—can now access a robust suite of digital financial tools. These include mobile money, card, and bank transfer capabilities, all designed to support local and cross-border transactions within a unified and compliant framework.

Empowering Businesses Across the Spectrum

Flutterwave’s platform is built to accommodate a broad spectrum of users. Small businesses in Cameroon can now generate digital payment links and distribute them via platforms like WhatsApp and Instagram, while enterprises can manage payouts, issue invoices, and track vendor payments through a centralized dashboard. Global merchants also benefit from local currency collection, settlement tools, and fraud protection, all with full adherence to local financial regulations.

Strengthening Presence in Francophone Africa

The expansion into Cameroon follows Flutterwave’s recent licensing wins in Ghana, Zambia, and Uganda, further advancing its goal to create the most comprehensive digital payments network on the continent. While Anglophone African countries have traditionally led the fintech conversation, Flutterwave is now turning its attention to Francophone regions that are ripe for digital financial inclusion. Cameroon’s rapidly digitizing economy presents both a strategic opportunity and a critical validation of the company’s regional approach.

Leadership Perspective: A Commitment to Local Realities

Olugbenga ‘GB’ Agboola, Flutterwave’s Founder and CEO, emphasized the significance of the expansion, saying, “Cameroon holds a central place in the future of Africa’s digital economy, and we’re proud to play a part in unlocking its potential.” He added that the company’s presence in Cameroon reflects a long-term commitment to building partnerships and trust within local communities. Supporting his remarks, Bode Aregbesola, Flutterwave’s Senior Vice President for Sales in West Africa, noted that the company’s tools are tailored to support the everyday realities of African entrepreneurs.

Addressing Challenges Through Regulatory Engagement

Flutterwave’s recent focus on securing national licenses represents a strategic pivot following regulatory challenges in markets such as Kenya. By actively pursuing formal approvals, the company is reinforcing its credibility and demonstrating compliance-first thinking. The Cameroon license is not only a pathway to growth but also a clear signal of Flutterwave’s readiness to meet regulatory expectations across diverse jurisdictions.

As Flutterwave continues to expand its reach, the launch in Cameroon underscores its ambition to connect Africa’s fragmented payment systems and foster a cashless, digitally inclusive economy. With over 30 African markets now under its belt, the company is laying the groundwork for a truly integrated financial infrastructure. In Cameroon, this vision begins with empowering local businesses and ends with a continent more connected than ever before.