Monday, September 8, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

CBN Grants Flutterwave Super-Agent License to Foster Financial Inclusion in Nigeria

Tech Gist Africa by Tech Gist Africa
11/08/2019
in Africa, Africa News, News
0 0
0
Flutterwave Forte

Flutterwave Forte

0
SHARES
Share on FacebookShare on Twitter

The Central Bank of Nigeria (CBN) has granted a super-agent license to Flutterwave. This is in a bid to foster financial inclusion in Nigeria. 

 

A big congratulations to the @theflutterwave family and congrats to @OlugbengaAgboola
Financial Inclusion: CBN Grants Flutterwave Super-Agent Licence https://t.co/M7AxoviDKh

— finclusivenigeria (@finclusivenige1) November 5, 2019

 

Now a super-agent, Flutterwave will work alongside the CBN, commercial banks, microfinance banks, and other arms of the financial ecosystem. This is in a bid to ensure the unbanked Nigerians are onboard the financial ecosystem.

 


See Also: CBN set to Kick-off Cashless Policy in 2020, imposes Charges on Deposits


 

The fintech company will leverage the license to offer banking and financial payments services across the country. With the license at hand, Flutterwave agents can offer cash deposit and withdrawal, bills payment, payment of salaries, funds transfer services (local money value transfer), cash disbursement and cash repayment of loans services to customers.

 

Flutterwave will also ensure that its agents comply with limits bordering on transaction volumes and values.  

 

However, the license is still an approval-in-principle (AIP). This simply means that Flutterwave has a six months probationary period to prove to the Apex bank that it is worthy of the license. Should it perform well, the license will be awarded fully.

 

Founded in 2016, Flutterwave is a payment technology company that is focused on helping banks and businesses offer seamless and secure payment experiences for their customers.

 

More on TechGist Africa

  • Amazon Invests R356 million to Incubate 100 Black South African ICT Entrepreneurs
  • Tizeti, Solar-based Network Provider Launches 4G Network in Nigeria
  • WhatsApp New Update bars Unnecessary Addition to Groups
  • CcHub Celebrates Africa tech Trailblazers with Augmented Reality Show
  • Workz $ Econet Collaborates to Provide eSIMs for Mobile Subscribers in Zimbabwe
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Stratech South Africa
Investments

StraTech Secures Strategic Investment to Expand Enterprise Fintech Infrastructure Across Africa

by Tech Gist Africa
09/05/2025
0

StraTech, a South African fintech startup specializing in enterprise-grade financial infrastructure, has secured a strategic investment from VEA Capital Partners,...

Read more
Sahel Capital Mastercard Foundation

Sahel Capital Secures $10M from Mastercard Foundation to Scale Agri-SMEs Across Africa

09/05/2025
REdimension Capital South Africa

REdimension Capital Secures $13.8 Million to Transform South Africa’s Proptech Landscape

09/04/2025
Finnfund Poa Internet Kenya

Finnfund Invests $4M in Poa Internet to Expand Affordable Broadband in Kenya

09/04/2025
Holo Fintech UAE

Holo Secures $22M Series A to Revolutionize Homeownership in UAE and Saudi Arabia

09/03/2025
Next Post
CBN Grants Flutterwave Super-Agent License to Foster Financial Inclusion in Nigeria, WhatsApp New Update bars Unnecessary Addition to Groups and More

CBN Grants Flutterwave Super-Agent License to Foster Financial Inclusion in Nigeria, WhatsApp New Update bars Unnecessary Addition to Groups and More

Crop2Cash Wins Seedstars World Pitch Contest in Nigeria

Crop2Cash Wins Seedstars World Pitch Contest in Nigeria

Stake in Interswitch

Visa Acquires $200 Million Stake in Interswitch

No Result
View All Result

The Big 5

ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

by Tech Gist Africa
09/01/2025
0

...

startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

by Tech Gist Africa
09/01/2025
0

...

Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

by Tech Gist Africa
09/01/2025
0

...

Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

by Tech Gist Africa
09/01/2025
0

...

African tech ecosystem

Africa’s Growing Role in Global Tech Partnerships: Collaboration with Silicon Valley and Beyond

by Tech Gist Africa
08/25/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.