Flutterwave, a Nigeria-based payments technology company, has received approval from the Bank of Ghana to offer inward remittance services in Ghana.
Ghana’s fintech industry is evolving rapidly, driven by high mobile phone usage and a well-developed mobile money system.
Mobile money platforms handle approximately 60% of foreign exchange inflows, highlighting their importance in the country’s financial landscape.
Other sectors, including insurtech, lendtech, and Buy Now, Pay Later (BNPL), are also expanding, contributing to a diverse fintech ecosystem.
The Bank of Ghana’s regulatory framework and the Ghana Digital Agenda have created a favourable environment for fintech growth.
Flutterwave’s approval aligns with these initiatives, providing Ghanaians with a secure and efficient remittance service.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, said:
“Remittances play a vital role in the Ghanaian economy, and our goal is to make the process as seamless as possible for Ghanaians in the diaspora looking to send money home. This approval is a testament to our ongoing commitment to supporting financial inclusion and economic growth in Africa.”
In February 2023, Flutterwave announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt and also secured its Payment System License in Zambia in February 2025.
Featured image credit: Flutterwave
