Flutterwave Founder and CEO Olugbenga "GB" Agboola has emphasized that seamless and interoperable cross-border payments are essential to unlocking Africa's next phases of economic growth during a spotlight interview at the recent Money20/20 Europe conference.
Speaking with Kristen Scholer of the New York Stock Exchange, Agboola highlighted how Flutterwave addresses one of Africa's most significant financial challenges – the lack of interoperability between national payment systems across the continent.
"Almost every African country has advanced local payment systems today, but they don't talk to each other. Flutterwave solves that," Agboola explained. "We help global companies scale in Africa, and we help Africans transact anywhere on the continent and beyond."
The fintech company provides multinational corporations like Uber, notable payment service providers, and African enterprises such as Bamboo and Wakanow with a unified API that facilitates cross-border payments throughout Africa and internationally.
Africa's Economic Potential
Africa's remarkable growth trajectory is gaining global recognition as the next economic frontier. According to the African Development Bank, 12 of the world's 20 fastest-growing economies by 2025 will be African, with average real GDP growth projected to increase by 4.4% in 2026.
For Agboola, this economic outlook signals an increasing demand for reliable, interoperable, and scalable payment solutions across the continent. Flutterwave has positioned itself as "the premier platform for payments in Africa" to meet this growing need.
The company has expanded rapidly while focusing on profitability through enterprise growth and diaspora remittance solutions. Beyond commercial transactions, Flutterwave's platform enables everyday payments for essential services, including healthcare and education.
"We are building a systemically important platform for the continent. Our goal is to make payments easy, scalable, and accessible for every African," the Flutterwave Founder and CEO stated.
Flutterwave has achieved several recent milestones, including securing a full license to empower businesses in Senegal, resuming remittance transfers from Europe to Africa with enhanced features, obtaining 20 more U.S. money transmitter licenses, and being named among the 2025 TIME100 Most Influential Companies.
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